BetaShares Australian Government Bond ETF
BetaShares has launched an exchange traded fund that tracks an index of Australian federal and state government, and supranational and sovereign agency bonds.
The ETF (ASX code AGVT) tracks the Solactive Australian Government 7 - 12 Year AUD TR Index, an index licensed to BetaShares for the fund's benchmark by the German index provider Solactive.
“This is our first product that offers specific exposure to government bonds, a category that enjoys the highest level of investor security within the Australian bond market," BetaShares chief executive officer, Alex Vynokur, said.
The fund has a management fee of 0.22 per cent per annum.