Vaneck MVB ETF (ASX:MVB)
The VanEck MVB ETF provides focused exposure to Australia’s largest industry, the banking sector. This is a low-cost way to invest in the Australian banking industry through a single fund.
What does the MVB invest in?
The VanEck MVB ETF currently invests in the following Australian banks: CBA, ANZ, NAB, WBC, MQG, BEN and BOQ. You could buy all of these companies yourself using a share brokerage account, but ETFs can be an effective way to invest in an entire sector through a single trade.
What do investors use MVB for?
The MVB ETF could be used by investors looking to invest in Australia’s banking sector. The Australian banking sector currently represents over ⅕ of the Australian equity market by market capitalisation and has historically paid regular, tax-effective dividends to shareholders.
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