National Australia Bank hopes its veteran trading platform will become “Australia’s home of exchange-traded funds” after signing a memorandum of understanding with BlackRock, the world’s largest asset manager.
The two financial institutions on Thursday announced they had entered a commercial partnership, under which iShares (BlackRock’s global ETF subsidiary) will develop a new suite of ASX-listed funds and provide educational content for a new “ETF Centre” on the Nabtrade platform.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
