Available now: Betashares Australian Major Bank Subordinated Bond ETF

BSUB Australian Major Bank Subordinated Debt ETF is now available on the ASX.

The new fund provides intelligent exposure to a portfolio of high-quality Tier 2 floating rate subordinated bonds issued by the Big Four Australian banks. To be eligible for inclusion in BSUB, bonds must have amounts outstanding of at least $500 million and a remaining maximum term to maturity of 10 years.

BSUB forms part of Betashares’ leading range of cash and fixed income investment solutions which collectively hold $10.5 billion in funds under management.