Danica Warren will join the asset manager from fixed-income firm FIIG Securities as a business development manager and be based in the company’s new Perth office.
“These appointments and the opening of our Perth office will enhance our Australian operations as demand for our products grows,” VanEck Asia Pacific chief executive and managing director, Arian Neiron, said.
“Our new hires will work to strengthen investors’ understanding of smart beta and active strategies, which form a core part of VanEck’s ASX ETF range and provide targeted investment solutions.”
Mr Neiron also confirmed on Thursday that VanEck now has 28 ASX-listed ETFs with more still to come, while its FUM has jumped almost 80 per cent in one year.
“We are enhancing our team to respond to greater demand for our products. We are confident that the remainder of this year will bring further momentum to the use of ETFs as investors demand their investments work harder to create wealth in the face of ultra-low interest rates and the entrenched underperformance of actively managed funds, which typically charge much higher fees,” he said.
“Investors continue to be attracted to ETFs due to their liquidity advantages, transparency and lower costs.
“As the industry has grown, the range of exchange traded products (ETPs) has increased from simple market capitalisation index-tracking ETFs to more complex managed funds.
“VanEck is taking the lead by offering premier investment solutions, with full transparency and an ability to target specific investment and thematic outcomes which take advantage of long-term economic and market trends.”
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
