Australian Major Bank Subordinated Debt ETF

The Australian Major Bank Subordinated Debt ETF (BSUB) by Betashares invests in subordinated debt issued by Australia's major banks. Subordinated debt is a type of loan that ranks below other loans in terms of claims on assets, meaning it carries a bit more risk but often offers higher returns. This ETF aims to provide investors with regular income by focusing on these bank-issued debts, while maintaining a relatively stable investment compared to other high-risk options. With a management fee of 0.29%, BSUB is designed for those looking to earn income through a diversified portfolio of bank debts, without directly investing in individual bank bonds.