VanEck Australian Banks ETF (ASX:MVB)

VanEck Australian Banks ETF is an exchange traded fund launched by Market Vectors Investments Limited. The fund is managed by Van Eck Associates Corporation. It invests in the public equity markets of Australia. The fund seeks to invest in the stocks of companies operating in the banking sector. It invests in the stocks of large-cap companies, with market capitalization above US $150 million. The fund seeks to replicate the performance of the Market Vectors Australia Banks Index, by investing in the stocks of companies as per their weightings in the index. It was formerly known as VanEck Vectors Australian Banks ETF. VanEck Australian Banks ETF was formed on October 14, 2013 and is domiciled in Australia.