BNP Paribas Australia first to offer actively managed ETFs

Regulatory body approves the launch of four open-ended funds on the Australian Stock Exchange.

Cherie Marriott

April 20, 2001

In what it is claiming is a world first, BNP Paribas Asset Management was given the go ahead by the Australian Securities and Investments Commission on Thursday to offer a range of actively managed exchange-traded funds (ETFs). The four ETFs will feed into four existing institutional funds managed by BNP Paribas.

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