VanEck is set to list the first short-term US Treasury bond ETF on the Australian Securities Exchange (ASX). The VanEck 1-3 Month US Treasury Bond ETF (TBIL) will include high-quality AAA-rated securities of short-term US treasury bills. The launch of the fund is timely as the yields on short-term treasury bonds have surged over the past year due to the Federal Reserve’s interest rate hikes. According to VanEck CEO and Managing Director APAC, Arian Neiron, the fund’s launch offers an attractive opportunity for Australian investors to target the high yields of short-dated US treasury securities and build portfolio defense. TBIL is Australian dollar unhedged, which provides investors with exposure to liquid US Treasury Securities and the potential for capital appreciation during economic weakness.
VanEck Launches 1-3 Month US Treasury Bond ETF