InvestSMART announces ETF launch plans
InvestSMART will launch a new active ETF designed to mirror the group's existing Australian equity income fund.
In a statement, InvestSMART announced plans to list the active ETF on the ASX under the ticker INIF in June, before which it would launch an initial offer of units at $2.50 per unit from 14 May.
The ETF mirrors the firm's current Australian Equity Income Portfolio, which has demonstrated returns of 11.05 per cent per annum since it was incepted in July 2015.
The active ETF will have a management fee of 0.97 per cent and no performance-based fees.
The active ETF will be managed by InvestSMART Head of Research James Carlisle, along with Deputy Head of Research Gaurav Sodhi.
Frequently Asked Questions about this Article…
InvestSMART is launching a new active ETF that mirrors their existing Australian Equity Income Portfolio. It will be listed on the ASX under the ticker INIF.
The initial offer of units for the InvestSMART active ETF will start on 14 May, with the ETF expected to be listed on the ASX in June.
During the initial offer, units of the InvestSMART active ETF will be priced at $2.50 each.
The Australian Equity Income Portfolio, which the ETF mirrors, has demonstrated returns of 11.05% per annum since its inception in July 2015.
The InvestSMART active ETF will have a management fee of 0.97% and will not include any performance-based fees.
The InvestSMART active ETF will be managed by James Carlisle, Head of Research, along with Gaurav Sodhi, Deputy Head of Research at InvestSMART.
The ticker symbol for the InvestSMART active ETF is INIF.
Everyday investors might consider the InvestSMART active ETF for its proven track record of returns, low management fees, and the expertise of its management team.
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