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VanEck Australian Equal Weight ETF

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About MVW

VanEck Australian Equal Weight ETF (MVW, formerly VanEck Vectors Australian Equal Weight ETF) gives investors exposure to a diversified portfolio of Australian equities. The holdings in MVW are equally weighted.

Buy Australian shares starting with MVW. Invest today with a CHESS-sponsored investing platform!

Sector

Financials

CEO

-

Industry

Capital Markets

Website

vaneck.com.au

Market Capitalisation

$2.61B

Price-earnings ratio

15.41

Dividend yield

4.17%

High today

$38.55

Low today

$38.22

Open price

$38.39

52-week high

$39.27

52-week low

$33.75


Announcements





What is the VanEck Australian Equal Weight ETF (MVW)?

MVW is an award-winning Australian equity strategy that is a fan-favourite for those considering investing in the S&P/ASX 200. 

Often used as a “core” component in investors’ portfolios, MVW gives you exposure to the largest and most liquid companies listed on ASX.

Companies in the MVW ETF are equally weighted which means your investment is spread equally across each stock. This gives you better diversification and less concentration risk compared to investing in the S&P/ASX 200, where around 1 out of every 5 dollars you invest goes to just one sector: the banks.

Which stocks are in the MVW ETF?

As of April 2022, MVW contains 89 holdings of equal or close to equal weight.

By market capitalisation, some of MVW’s largest holdings include Allkem (AKE), Mineral Resources (MIN), Computershare (CPU), AGL Energy (AGL), Qantas Airways (QAN), QBE Insurance Group (QBE), Macquarie Group (MQG), Orica Limited (ORI) and National Australia Bank (NAB).

In terms of sector weightings, MVW is most heavily weighted towards materials (19%) and financials (18.3%), followed by consumer discretionary (11.2%), industrials (11.1%), real estate (10.1%) and communication services (5.6%).

For more information about MVW’s holdings and sector weightings, click here.

Does MVW pay a dividend?

Yes. As of 31 March 2022, MVW ETF pays dividends twice a year with a franking level of 81% and a 12-month distribution yield of 2.87%.

Dividends are usually paid out to MVW owners in January and July.

Is MVW ETF a good buy?

Due to its highly diversified nature, MVW is considered by some investors to be one of the better ASX ETFs.

MVW may be a good investment for investors looking for a quick, easy and cost-effective way to purchase Australia’s most liquid stocks without buying them all individually.

ETFs are usually considered long-term passive investments and MVW ETF is no exception. The fund has a low management cost of 0.35% p.a.

For the 12 months leading up to 31 March 2022, MVW achieved a total return of 14.49%.

How do I buy MVW stock?

Stake offers a quick and easy way to purchase MVW shares – along with 2,000+ other Australian stocks and ASX ETFs – for a brokerage fee of only A$3.

Stake is CHESS sponsored, meaning that when you buy ASX shares, you get a HIN (Holder Identification Number) and stocks are held in your name.

With Stake, you can be in the market in under 5 minutes, whether it's the ASX or Wall St. If you’re interested in building your portfolio by adding MVW, sign up today.

What are the benefits of the MVW ETF?

Find the main benefits of the MVW ETF here:

  • Equal weighting is backed up by significant empirical research and has historically outperformed traditional market cap indices (e.g. the S&P/ASX 200) over the long term.

  • Delivers three times more diversification than the S&P/ASX 200, meaning significantly less concentration risk (as measured by the Herfindahl index). 

  • Reduces concentration risk to banks, which face a number of pressures from rising rates and falling property prices impacting bank loan growth and therefore their ability to increase profits. 

  • Can be deployed to de-risk and diversify with no one security or sector dominating, providing a more balanced exposure to Australia’s economy.

What are the key risks of the VanEck Australian Equal Weight ETF?

An investment in the MVW ETF carries risks associated with financial markets generally, individual company management, industry sectors, fund operations and tracking an index.

Find out more about the VanEck Australian Equal Weight ETF.

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MVW FAQs

  1. Find the right investing platform for you. To buy MVW shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
  2. Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
  3. Search for MVW or VanEck Australian Equal Weight ETF. Find the stock by using the search function and go to the MVW page.
  4. Place an order to buy MVW. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
  5. Monitor your portfolio. You’ve now purchased some MVW shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.

The ticker symbol for VanEck Australian Equal Weight ETF is MVW.

One share of MVW is valued at $38.24 as of 12 December 2024.

As of 12 December 2024 VanEck Australian Equal Weight ETF has a market cap of $2.61B.

Yes, MVW does pay dividends.

The dividend yield for MVW is 4.17% as of 12 December 2024.

The most recent MVW dividend distribution paid $0.94 per share on 23 July 2024.

The ex-dividend date of MVW was 01 July 2024.

The Price to Earnings ratio of MVW is 15.41.

The Earnings Per Share of MVW is $2.49.

The VanEck Australian Equal Weight ETF 52-week high stock price is $39.27.

The VanEck Australian Equal Weight ETF 52-week low stock price is $33.75.

Yes, the Stake investing platform allows you to buy MVW shares and over 12,000 more stocks and ETFs across the ASX and Wall St.

This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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