VanEck Vectors ETFs seek to replicate the performance of indexes which have been purpose-built with investors in mind. They are constituted as a managed fund (or collective investment vehicle) which is then listed on the ASX.
VanEck Vectors ETFs can be bought and sold on the ASX just like shares, through a stockbroker, online broker or a licensed financial adviser during normal trading hours, and using the same strategies as trading shares (e.g., market, stop and limits orders).
ETFs are open-ended and are traded throughout the trading day at a unit price close to the Net Asset Value (NAV) of the underlying securities. An ETF’s price is valued throughout each trading day with an indicative intraday Net Asset Value (iNAV) which provides an estimate of the NAV of the portfolio every 15 seconds throughout the trading day. ETFs are bought or sold with the same T+2 settlement times as shares.