VanEck Australian Equal Weight ETF

The VanEck Australian Equal Weight ETF (MVW) invests in a diversified portfolio of Australian companies, giving each company an equal share of the investment. Unlike traditional ETFs that might focus more on larger companies, this ETF spreads its investment evenly across all companies in its selection. This approach aims to reduce the risk of being too dependent on the performance of a few large companies and provides a balanced exposure to the Australian stock market. With a management fee of 0.35%, MVW offers a straightforward way for investors to access a broad range of Australian businesses without favouring any particular sector or company size.