What does Vaneck S&P/Asx Midcap ETF do?

VanEck S&P/ASX MidCap ETF (ASX:MVE) is an exchange-traded fund (ETF) that tracks the performance of the S&P/ASX MidCap Index. The S&P/ASX MidCap Index is a market-capitalization-weighted index of the 50 largest ASX-listed companies outside of the top 50 companies. This means that the ETF invests in a diversified portfolio of Australian mid-cap companies. MVE is operated by VanEck, a leading Australian ETF provider. VanEck is responsible for tracking the performance of the index and investing in the underlying securities.
Vaneck S&P/Asx Midcap ETF company media

Company Snapshot

key

Ownership

Public
people

Employees

28
pie chart

Sector

ETF
location pin

Head Office

Sydney, Australia
founded flag

Year Founded

2013

What does Vaneck S&P/Asx Midcap ETF specialise in?

/ETF /Investment /Fund /Managed fund /Wealth /Financials

What are the products and/or services of Vaneck S&P/Asx Midcap ETF?

Overview of Vaneck S&P/Asx Midcap ETF offerings
Tracks the performance of the S&P/ASX MidCap 50 Index. This index represents the 50 largest ASX-listed companies outside of the S&P/ASX 50 Index, and provides investors with exposure to the mid-cap segment of the Australian stock market.
Offers investors a diversified way to invest in the Australian mid-cap market. The ETF holds a wide range of stocks across a variety of sectors, which helps to reduce risk.
Is a low-cost way to invest in the Australian mid-cap market. The ETF has a management fee of just 0.45% per annum.
Is traded on the Australian Securities Exchange (ASX) under the code MVE. This means that investors can buy and sell the ETF through their usual stockbroker.
Is suitable for investors who are looking for exposure to the Australian mid-cap market, with the benefits of diversification and low cost.
Can be used to build wealth over the long term. The Australian mid-cap market has historically outperformed the Australian market as a whole over the long term.