InvestSMART announces ETF launch plans

The following article appeared in Independent Financial Adviser on 12 July, 2018
By · 11 Jul 2018
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11 Jul 2018
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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.

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