VanEck Vectors Australian Equal Weight ETF and MSCI World ex Australia Quality ETF upgraded
Morningstar Australia has upgraded the VanEck Vectors Australian Equal Weight ETF (ASX: MVW) and the VanEck Vectors MSCI World ex Australia Quality ETF (ASX: QUAL) to a Silver Morningstar Analyst Rating™. The funds have been upgraded from a Bronze rating.
The Morningstar Analyst Rating™ for managed funds is a forward-looking analysis and a Silver rating means that Morningstar believes a fund is likely to outperform over the long term on a risk-adjusted basis.
“MVW (VanEck Vectors Australian Equal Weight ETF) is now the only Silver-rated Australian equities ETF," Arian Neiron, VanEck managing director and head of Asia Pacific, said.
"It delivers superior diversification and returns compared to most Australian equities actively managed funds. QUAL (the VanEck Vectors MSCI World ex Australia Quality ETF) too offers the potential for outperformance from international equities over periods of volatility and weaker economic environments, and over the longer term,” Neiron said.