VanEck, one of the world's largest exchange traded product issuers has offered the Market Vectors Equal Weight Strategy ETF (MVW) to Australian investors for over 2 years. It was the the first equal weight ETF available to Australian investors and during that time it has outperformed the S&P/ASX 200 Accumulation Index by 6.30% pa, returning 7.88% pa compared to 1.58% pa (as at 31 March 2016).
The Market Vectors Australia Equal Weight Index is a pure-play index that includes the largest and most liquid ASX-listed companies, combining benchmark with blue-chip characteristics, purpose-built to capture the true performance of the Australian equities market, with real diversification across both securities and sectors. In today's globalized economies, company revenues and assets are no longer primarily derived from the country where a company is incorporated. Having a tailor made index allows for better targeting of relevant companies. In addition to companies incorporated in Australia and listed on the ASX, the Market Vectors Australia Equal Weight Index also includes companies that are incorporated outside of Australia but are listed on the ASX, if they generate at least 50 per cent of their revenues in Australia.