Overview
Description
The VanEck Australian Resources Fund is an exchange-traded fund (ETF) focused on providing investors with exposure to Australia's vast natural resources sector. The primary function of this fund is to track and reflect the performance of the Australian resources market by investing in companies involved in the exploration, extraction, and processing of natural resources. Notable industries impacted by this fund include mining, metals, energy, and materials, encompassing leading Australian firms engaged in the production of commodities such as iron ore, coal, gold, and oil.
This ETF is particularly significant in the financial market as it offers diversification within a sector that is a major component of the Australian economy. It enables investors to gain access to resource companies with varying market capitalizations without having to buy individual stocks, thereby reducing market and company-specific risks. By investing in the VanEck Australian Resources Fund, participants can capitalize on the growth potential and inherent stability of the Australian resources industry, which plays a vital role in global commodity supply chains.
About
Address
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Phone
02 8038 3300
Website
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Instrument type
ETF
Country
Australia
MIC code
XASX