VanEck Australian Banks ETF

The VanEck Australian Banks ETF (MVB) invests in a portfolio of major Australian banks, providing investors with exposure to the country's financial sector. This ETF focuses on investing in the largest and most established banks in Australia, aiming to capture their performance and potential growth. With a management fee of 0.28%, MVB offers a straightforward way for investors to gain access to the banking industry, which is a significant part of the Australian economy. By holding shares in this ETF, investors can benefit from the collective performance of these banks without having to pick individual stocks themselves.