Vaneck S&P/Asx Midcap ETF Company Overview
Vaneck S&P/Asx Midcap ETF
About Vaneck S&P/Asx Midcap ETF
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.
What is Vaneck S&P/Asx Midcap ETF known for?
Snapshot
2013
Year founded
28
Employees
Sydney, Australia
Head office
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Operations
All Locations
Sydney, AU
Products and/or services of Vaneck S&P/Asx Midcap ETF
- 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.