Daniel Shrimski

Australian investors channelled a record $51.8 billion into ASX-listed exchange traded funds (ETFs) last year – a 48% increase on the previous ETF inflows record of $34.9 billion set in 2024.

The record 2025 inflows, combined with strong returns on global equities and bond markets, saw the Australian ETF industry’s total assets under management surge by $82.5 billion (34.5%) to $321.6 billion at 31 December 2025 from the $239 billion level at the end of 2024.

Vanguard remained Australia’s largest ETFs assets manager after attracting a record $16 billion (31%) of total Australian investor inflows. As at 31 December 2025 Vanguard was managing $89.6 billion in ETF investors’ assets, and since the start of 2026 this has increased to more than $90 billion.

The Vanguard Australian Shares Index ETF (VAS) also remained Australia’s largest ETF product. VAS attracted more than $3 billion in investor inflows over 2025, with its assets under management rising to over $22.5 billion. Meanwhile, the Vanguard MSCI Index International Shares Index ETF (VGS) remained Australia’s second-largest ETF product. VGS attracted more than $2.6 billion in investor inflows, which helped to lift its assets under management to over $14 billion.

“The Australian ETFs industry had an incredible year, with investors’ inflows and the industry’s assets under management reaching new heights,” said Daniel Shrimski, Managing Director, Vanguard Investments Australia. “At the end of 2023, when industry assets were around $170 billion, we were talking about when industry assets would exceed $200 billion.

“They did in 2024, and by the end of 2025 they had exceeded $300 billion. So, in just over the last two years alone, the size of the Australian industry has almost doubled. That’s testament to the huge increase in the number of Australians now using ETFs as the core of their investment portfolio.

“Vanguard’s expectations are that the Australian ETFs industry will remain on a strong growth trajectory as more Australians discover their benefits and as more low-cost index-tracking ETF products offering a greater choice of investment strategies are listed on the ASX,” Mr. Shrimski said.

International equity products continued to attract the largest share of investor inflows, with a record $19.9 billion being added over 2025. Australian equity ETFs remained the second-largest assets segment, with investors adding $13.3 billion.

Separately, investors continued to direct record levels of capital into Australian fixed income securities. Around $8.4 billion was added into this segment over 2025.

“2025 was another milestone year for the Australian ETFs industry, and in a highly competitive market Vanguard remains focused on taking a stand for all investors, treating them fairly, and giving them the best chance for investment success,” Mr. Shrimski added.

“We are achieving that by providing investors with ETF products that have been designed to offer a broad range of investment solutions that are available directly to retail investors on the ASX and increasingly via third-party investing platforms and financial advisers.”

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Daniel Shrimski

Vanguard Super has released its inaugural three-year performance results, with many investment options delivering strong double-digit annualised returns since launch in October 2022.

The data shows Vanguard Super’s flagship Lifecycle investment option for members aged 47 and under achieved a 14.51% annualised return over the three years to 31 October 2025. The option’s annualised return since inception on 5 October 2022 to that date was also 14.51%.

By comparison, the industry median return for comparable products over the three years to 31 October 2025 was 12.37%.^[1]

Meanwhile, Vanguard Super’s MySuper Lifecycle option ranked number one for rolling three-year returns in SuperRatings’ MySuper Index as at 31 October 2025.^[2]

“When we launched Vanguard Super three years ago, our goal was simple: give Australians low-cost, easy-to-understand super solutions backed by Vanguard’s 50 years of global investment expertise,” Vanguard Australia’s Managing Director Daniel Shrimski said.

“Markets have been strong, and these figures show Vanguard Super has delivered competitive returns for members in its first three years.

“But past performance isn’t a guarantee of future results, and at Vanguard Super the focus is on delivering value over the long term.”

More than half of Vanguard Super members are invested in the Lifecycle option, which was recognised as Money Magazine’s Best Value MySuper Product in 2024 and 2025.

The ATO’s Comparison Tool also ranked it as the lowest-cost public offer MySuper product on a $50,000 balance as of 30 June 2025.

Meanwhile, many of Vanguard Super’s Diversified options also delivered double-digit returns over the three-year period to October 31, 2025, with Vanguard Super SaveSmart – High Growth returning 14.48% per annum, Growth 12.03%, Balanced 9.58% and Conservative 7.14%.

As of 31 October 2025. Launch date for options in the table was 5 October 2022.

Mr Shrimski added: “Vanguard Super’s growth has been incredible. Membership has jumped from around 16,000 in June 2024 to more than 48,000 today, and funds under management have more than doubled in the past year alone to $4.3 billion.”

“Members have benefited from a multi-year bull run in equities. But super returns will always move with markets, and ups and downs are part of the journey.

“Looking ahead, we see some headwinds for equity returns given current valuations and profit margins. That said, long-term superannuation investors should continue to benefit from having diversified exposures to shares and fixed income securities, which form the basis of Vanguard Super’s most popular investment options.”

——–

Notes:
[1] Source: SuperRatings Fund Crediting Rate survey, October 2025. Median return for Growth (77-90) options.
[2] Source: SuperRatings Fund Crediting Rate survey, October 2025. Vanguard Super’s Lifecycle option for a member aged 51 ranked first in the SR MySuper Index for rolling three-year returns (13.26% annualised).

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Daniel Shrimski

Share market investors on average achieved at least triple the dollar returns of individuals who chose to keep their cash tied up in savings accounts over the last 30 years, the 2025 Vanguard Index Chart shows.

Released today, the chart shows how a $10,000 investment made across the Australian share market^[1] on 1 July 1995 would have grown to over $143,000 by 30 June this year. This compares with an end balance of less than $34,000 if the same amount had been held exclusively in a cash savings account.

The total return would have been even higher from a $10,000 investment in United States shares^[2] over the same period. It would have grown to more than $214,000 – over $180,000 higher than the total return from cash and more than $70,000 above the total return from Australian shares over the last 30 years.

U.S. shares were the strongest-performing major asset class over the last 30 years, delivering an average return of 10.8% per annum. This compared with a 9.3% per annum average return from Australian shares, 8.3% from international shares^[3] (excluding Australian shares), and 8% from Australian listed property securities^[4]. Australian bonds^[5] returned 5.5%, while cash^[6] was the lowest-returning major asset class, delivering an average total return of just 4.1% per annum.

The total returns for all asset classes assume any income earned over the period was reinvested, and excludes investment acquisition costs, fees, and taxes.

How a $10,000 investment would have grown over 30 years

Source: Vanguard. *Excludes any acquisition costs, fees and taxes, and assumes all income was reinvested. All figures are nominal values and have not been adjusted for inflation. Past performance is not a reliable indicator of future performance. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index.

Investing with a marathon mindset

While the Vanguard Index Chart compares the total returns from different asset classes over time, it also demonstrates why it’s important for investors to have a long-term approach to investing.

The measurement period for the 2025 Vanguard Index Chart incorporates a number of significant events that led to major share market corrections, including the dot.com crash in 2000, the Global Financial Crisis over 2008 and 2009, the 2020 COVID crash, and the more recent market volatility associated with the imposition of high U.S. tariffs on some countries.

“Vanguard’s index chart clearly illustrates why investing should be viewed as a marathon, not as a sprint,” said Daniel Shrimski, Managing Director, Vanguard Investments Australia.

“Just like superannuation, investors should be focused on achieving longer-term outcomes rather than on shorter-term investment wins and losses.

“The index chart demonstrates how investment markets have kept rising strongly over time, despite several significant share market corrections, economic downturns, changes in governments and world leaders, wars, natural disasters, and more recently, the impacts stemming from the COVID-19 pandemic.

“The most successful investors have a disciplined approach to investing and understand that volatility is typically transient. The best investment results are generally achieved through compound growth over time, not by trying to time when to buy and sell to maximise gains. That’s a futile exercise.”

Avoid chasing asset class returns

Another key learning from the Vanguard Index Chart is that the returns from different asset classes will vary from year to year.

U.S., Australian and international (ex-Australia) shares all delivered double-digit average annual returns to investors over the five years between 1 July 2020 and 30 June 2025.

International shares (ex-Australia) was the best-performing asset class in the 2024-25 financial year ended 30 June, returning 18.6%, followed by U.S. shares (17.4%).

Australian listed property had the next-highest returns over the last financial year, returning 14%, while Australian shares returned 13.2%. Meanwhile, higher interest rates saw Australian bonds deliver an average return of 6.8%, while cash returned 4.4%.

By contrast, Australian listed property was the best-performing asset class in the 2023-24 financial year, returning 24.6%, followed by U.S. shares (24.1%), and international shares (19.9%).

Australian shares had returned a substantially lower 12.5% in 2023-24, while cash returned 4.4%, which was above the 3.7% return from Australian bonds.

“The best and worst performing asset classes in any one financial year rarely mirrors the returns of the previous financial year for a whole range of reasons,” Mr. Shrimski said. “That’s why it’s so important to have a diversified mix of investments that spreads your capital across different asset classes and different regions.

“While share markets have delivered the strongest returns over the longer term, there have been some years when more defensive assets such as bonds, and even cash, have achieved the best returns. It’s all about spreading risk to help smooth out your returns over time.”

Each year, Vanguard’s index chart is downloaded and used by thousands of financial advisers and individual investors as an educational resource to provide a clear picture of the long-term market growth across all major asset classes.

———-

Notes:
[1] The examples of an investment of $10,000 into Australian shares on 1 July 1995 and the corresponding outcomes as of 30 June 2025 expressed are based on the past performance of the S&P/ASX All Ordinaries Total Return Index. They assume the $10,000 is fully invested (and remains fully invested). The calculations assume no acquisition costs, fees or taxes, with all distributions reinvested. All results are displayed in nominal dollars i.e. inflation has not been taken into account. An actual investment would be subject to acquisition costs, fees and taxes.
[2] The examples of an investment of $10,000 into U.S. shares on 1 July 1995 and the corresponding outcomes as of 30 June 2025 expressed are based on the past performance of the S&P 500 Total Return Index (in AUD). They assume the $10,000 is fully invested (and remains fully invested). The calculations assume no acquisition costs, fees or taxes, with all distributions reinvested. All results are displayed in nominal dollars i.e. inflation has not been taken into account. An actual investment would be subject to acquisition costs, fees and taxes.
[3] The examples of an investment of $10,000 into international shares on 1 July 1995 and the corresponding outcomes as of 30 June 2025 expressed are based on the past performance of the MSCI World ex-Australia Net Total Return Index AUD Index. They assume the $10,000 is fully invested (and remains fully invested). The calculations assume no acquisition costs, fees or taxes, with all distributions reinvested. All results are displayed in nominal dollars i.e. inflation has not been taken into account. An actual investment would be subject to acquisition costs, fees and taxes.
[4] The examples of an investment of $10,000 into Australian listed property securities on 1 July 1995 and the corresponding outcomes as of 30 June 2025 expressed are based on the past performance of the S&P/ASX 200 A-REIT Total Return Index. They assume the $10,000 is fully invested (and remains fully invested). The calculations assume no acquisition costs, fees or taxes, with all distributions reinvested. All results are displayed in nominal dollars i.e. inflation has not been taken into account. An actual investment would be subject to acquisition costs, fees and taxes.
[5] The examples of an investment of $10,000 into Australian bonds on 1 July 1995 and the corresponding outcomes as of 30 June 2025 expressed are based on the past performance of the Bloomberg AusBond Composite 0+ Yr Index. They assume the $10,000 is fully invested (and remains fully invested). The calculations assume no acquisition costs, fees or taxes, with all distributions reinvested. All results are displayed in nominal dollars i.e. inflation has not been taken into account. An actual investment would be subject to acquisition costs, fees and taxes.
[6]The examples of an investment of $10,000 into Australian cash on 1 July 1995 and the corresponding outcomes as of 30 June 2025 expressed are based on the past performance of the Bloomberg AusBond Bank Bill Index. They assume the $10,000 is fully invested (and remains fully invested). The calculations assume no acquisition costs, fees or taxes, with all distributions reinvested. All results are displayed in nominal dollars i.e. inflation has not been taken into account. An actual investment would be subject to acquisition costs, fees and taxes.

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Daniel Shrimski

In a new Vanguard report, Core Components of a Successful Retail Investment System, Australia has been identified as one of only a handful of leading OECD countries where there is more money being held in savings accounts than in capital market investments.

Vanguard has proposed a series of retail investment reforms that could drive more Australians to invest their savings and achieve greater financial security.

These reforms include facilitating access to affordable financial advice, introducing tax incentives to boost investment outside of superannuation, improving financial literacy levels, and increasing fee transparency and competition.

Vanguard’s research estimates that if Australian households reallocated just 10% of their excess savings into investments, based on the amount of cash currently being held in Australian savings accounts, this could add as much as $185 billion into capital markets.

Daniel Shrimski, Managing Director, Vanguard Investments Australia, comments, “While Australia stacks up relatively well on a global stage in terms of supporting retail investors, there are key opportunities for Australian policymakers to further improve the investment landscape outside of superannuation.

“Many people are missing out on investment returns by holding too much cash and could significantly improve their long-term financial outcomes by being invested in capital markets.

“Australians hold some 23% of their household financial assets in cash and deposits, yet over the last decade the average annual return from cash has been just 2%. Other investments have produced much higher returns.

“Vanguard’s research provides key insights on the steps needed to motivate more Australians to invest outside of their super, including through new tax incentives and by helping more people to make the best investment decisions.

“We are keen to work with Australian policymakers to help further refine the existing regulatory system in a way that supports retail investor outcomes at all levels.”

Read the full report.

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Daniel Shrimski

The pace of growth across Australia’s ETFs industry continued to accelerate over the first half of 2025, with investors adding a record $21.04 billion into ASX-listed exchange traded funds.

This compares with $14.6 billion of ETF investor inflows over the first half of 2024 and the $33.5 billion of total inflows received over the whole of last year and keeps the Australian ETF industry well on track for another record-breaking year.

The record 2025 first-half inflows, combined with the strong gains on global share markets over the six months to 30 June, saw total Australian ETF assets under management surge by $33 billion to a new high of $272.2 billion.

Data released by the ASX and Vanguard shows investors channelled over $7.5 billion into international equity ETFs during the first half, and a further $6.2 billion into Australian equity products. Together these two segments accounted for around 65% of total ETF inflows.

The Vanguard Australian Shares Index ETF (VAS), which became the first ASX ETF to exceed $20 billion in assets during the half, attracted $1.96 billion in investor inflows. This equated to 31% of the total investor inflows into Australian equity ETFs.

Investors also added almost $2.9 billion into Australian fixed income products over the half, taking advantage of the current bond interest rate returns and diversifying their exposures to equity markets.

Vanguard attracts over $7 billion of inflows

“The first half of 2025 has been spectacular for Vanguard, with our ETF products attracting over $7.1 billion in investor inflows – more than a third of the total industry’s inflows – and our total assets under management rising to over $77 billion,” said Vanguard Investments Australia Managing Director, Daniel Shrimski.

“Our strong inflow numbers continue to reflect the fact that a growing number of Australians are preferring to invest in low-cost, index-tracking ETF products that give them exposure to a broad number of securities.

“I really don’t expect that trend to change over time, despite the proliferation of thematic ETF products on the ASX that focus on specific segments and active products that aim to outperform the broader market through the use of complex trading strategies,” Mr. Shrimski said.

Vanguard expanded its diversified ETFs range during the first half, launching the Vanguard Diversified All Growth Index ETF (VDAL) and the Vanguard Diversified Income ETF (VDIF).

“Our multi-asset ETF portfolios aim to meet the primary portfolio construction needs of investors across a spectrum of risk-return profiles, and these types of one-stop products are rapidly growing in popularity,” Mr. Shrimski added.

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Daniel Shrimski

Vanguard’s Australian Shares Index ETF (ASX: VAS) has become the first Australian exchange-traded fund to surpass $20 billion in funds under management, solidifying its position as the country’s largest ETF.

The milestone, reached at the end of May, marks a period of exceptional growth for VAS. Since January 2020, when the fund held $4.9 billion in assets, it has more than quadrupled in size.

“The growth of VAS reflects the increasing confidence Australian investors have in index investing and the Vanguard approach,” said Daniel Shrimski, Managing Director, Vanguard Australia.

“Vanguard’s mission is to give investors the best chance for investment success. We’re incredibly proud to see Australians embrace that mission through our market-leading ETFs and managed funds as well as our low-fee superannuation offer.”

Vanguard is Australia’s number one provider of ETFs, with $74.6 billion in total ETF assets under management, across 31 ETFs, as of 31 May.

Launched in 2009, VAS has long held the title of Australia’s largest ETF. It provides investors with exposure to the top 300 companies listed on the Australian Stock Exchange (ASX) for a fee of just 0.07% — that works out to just 70 cents each year for every $1,000 invested. The fee has been reduced over time and is now less than half the rate it was at the start of 2017 (0.15%).

Mr Shrimski said VAS’s remarkable growth reflects both strong market performance and rising interest in ETFs across all age groups.

“The benefits of indexing — transparency, diversification, and low costs — are better understood now, but we’ve still got work to do,” he said.

ETFs have transformed the investment landscape in Australia, offering cost-effective, liquid, and transparent access to diversified portfolios with a single trade.

“ETFs like VAS have democratised investing,” Mr Shrimski added. “They’ve made it possible for everyday Australians to build wealth in a simple, low-cost and effective way.”

“VAS is part of a global movement that began with Vanguard’s founder, Jack Bogle, the pioneer of index investing. His vision was to give investors a fair go — and that legacy lives on in VAS,” Mr Shrimski said.

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Daniel Shrimski

Vanguard Australia, Australia’s leading provider of exchange-traded funds (ETFs), had a record-breaking month in April as investors continued to embrace low-cost index investing.

During April’s market turbulence, Vanguard Australia saw $1.8 billion of net investor inflows to its ETF products, its highest month on record, according to data released by the Australian Securities Exchange (ASX).[1]

“Importantly, while markets were volatile in April, most Vanguard Australia investors stayed the course and didn’t panic. Instead, they kept their money in the market or added to their portfolios,” said Vanguard Investments Australia Managing Director Daniel Shrimski.

The ASX data showed Vanguard remained Australia’s number one provider of ETFs, with net investor inflows of $5.4 billion since the start of the year, the highest of any Australian ETF manager.

The Vanguard Australian Shares Index ETF (VAS), Australia’s largest ETF with $19.2 billion in assets under management at the end of April, attracted $563.6 million of net inflows last month.

Meanwhile, the Vanguard MSCI Index International Shares ETF (VGS) — Australia’s second largest ETF with $10.5 billion in assets under management as of 30 April — had net inflows of $269.4 million.

It’s the second consecutive month of record-breaking ETF inflows for Vanguard. In March, Vanguard’s ETFs saw net inflows of $1.5 billion — the highest monthly inflow prior to April.

Mr Shrimski said investors of all ages were increasingly looking to Vanguard’s index-tracking investment products to build wealth or work towards their financial goals.

“We’ve had a very strong start to the year, and we’re proud that Australians are continuing to embrace Vanguard’s investing philosophy with our low-cost ETFs, managed funds and superannuation,” he said.

During April’s most turbulent week, Vanguard’s Personal Investor platform saw double the typical number of account openings as investors looked to grow their portfolios or begin investing for the first time.

The record month comes as the Vanguard Group, the pioneer of index investing, celebrates its 50th anniversary in May.

“In 1975, our founder Jack Bogle started a new kind of investment firm that put investors first and made simple, low-cost investing accessible to everyone,” Mr Shrimski said.

“Vanguard has been in Australia since 1996, and we launched our first index-tracking managed fund for Australian retail investors in 1998.

“With our ETFs, and now with Vanguard Super, we’re proud to continue Jack Bogle’s legacy by making investing simpler, more accessible and more affordable for Australians.”

Mr Shrimski added that Vanguard now has over 2 million Australians invested in managed funds, ETFs, and Vanguard Super, in addition to being a trusted partner to financial advisers and their clients.

————

[1] Source: ASX Investment Products monthly update, April 2025

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Daniel Shrimski

Key highlights:

• Total inflows into ASX ETFs over the March quarter top $11.0 billion, the Australian industry’s second-highest quarterly inflows since the record $12.7 billion invested into ASX ETFs during the September quarter of 2024.
• Australian equities ETFs booked record inflows as many investors increased their exposure to the top ASX companies. The Vanguard Australian Shares Index ETF (VAS) remained the largest ASX-listed ETF, with $1.04 billion of investor inflows and assets under management of $18.17 billion.
• Vanguard expanded its diversified ETFs range in March with the launch of the Vanguard Diversified All Growth Index ETF (VDAL) and the Vanguard Diversified Income ETF (VDIF).

Australian investors added over $11.0 billion into ASX-listed ETFs over the first quarter of 2025, continuing the strong momentum that spurred record ETF investment inflows in 2024.

Vanguard attracted $3.5 billion of cash inflows during the quarter – once again the highest of all other ETF managers – consolidating its place as Australia’s largest ETFs assets manager.

Data released by the Australian Securities Exchange (ASX) and Vanguard today shows that while ASX-listed ETFs investing in international equities once again captured the largest share of inflows ($3.90 billion over the March quarter), ETFs investing in Australian equities attracted record inflows of $3.15 billion from the start of January to the end of March.

Australia’s largest ETF, the Vanguard Australian Shares Index ETF (VAS) with $18.17 billion in assets under management, attracted more than $1 billion of investors inflows over the quarter.

Australian ETF investor numbers continue to grow

“While global financial markets are currently experiencing heightened volatility, the Australian ETFs industry is continuing to see ongoing growth in the number of investors wanting to use exchange traded funds in their portfolios,” said Vanguard Investments Australia Managing Director, Daniel Shrimski.

“History shows that it’s time in the market, not trying to time markets, and broad diversification across sectors, asset classes, and markets that create a steadier path for investors to achieve long-term financial success.

“There are now more than 2.2 million Australians investing in ETFs via the ASX, and that number is increasing from month to month as investors at all levels recognise the benefits of being able to invest in low-cost products that provide broad, diversified investment exposures through a single market trade,” Mr. Shrimski said.

“Industry research shows that a growing number of younger investors are adopting ETFs alongside high-net-worth investors, self-managed super fund trustees and financial advisers. In fact, more than 70% of Australian advisers are now using diversified ETFs as a core offering to their clients.

“Portfolio diversification and the ability to gain exposure to specific asset classes, including overseas markets, remain the primary drivers for individual investors and advisers alike.”

Vanguard announced the expansion of its diversified ETFs range in March with the launch of the Vanguard Diversified All Growth Index ETF (VDAL) and the Vanguard Diversified Income ETF (VDIF).

The Australian ETFs industry had $241.86 billion in total assets under management (AUM) at the end of March, according to the latest ASX data. While this was lower than the record high AUM of $250 billion at the end of January due to recent market declines, total assets under management at 31 March were still more than $50 billion higher than at the same time last year.

Bond ETF inflows remain strong

After record investment inflows into bond ETFs in 2024, total inflows into the fixed interest ETF category remained strong over the March quarter from the levels recorded in Q4 2024.

Australian fixed interest ETFs recorded inflows of $1.40 billion compared with $1.74 billion of inflows over the three months to 31 December 2024, while international fixed income ETFs received inflows of $558 million compared with $419 million over the previous quarter.

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Daniel Shrimski

Vanguard Australia has welcomed draft legislation released on Friday by the Federal Government as an important next step in supporting Australians to achieve better financial outcomes through accessible, affordable financial advice and guidance.

Vanguard Investments Australia Managing Director Daniel Shrimski said: “We look forward to more Australians having the ability to access financial advice, support and guidance, and develop a clear plan – something that is critical to improving retirement confidence and helping Australians achieve financial freedom.”

Vanguard’s research has found that some 40% of Australians do not have a clear plan for retirement. Additionally, the costs of providing advice, often inflated by red tape and inefficiencies, continue to pose a significant barrier for everyday Australians.

“That’s why measures to reduce the administrative burden for advisers through streamlining statements of advice is great news,” Mr Shrimski said.

“We look forward to seeing further changes that support advisers in helping Australians with their financial needs.

“Vanguard proudly serves about 70% of all financial advisers in Australia and has long been a strong proponent for the value they can deliver to consumers.”

Mr Shrimski said advisers were eager for further reform to help them better serve clients.

Financial advisers can provide substantial financial and emotional benefits, including by serving as behavioural coaches, but many people are priced out to their detriment.

“That’s why we continue to build out Vanguard’s Adviser portal, which will allow advisers to invest their clients’ wealth in a low-cost, efficient and whole-of-wealth solution to help bridge Australia’s advice gap,” Mr Shrimski said.

Some Australians may not need comprehensive advice, Mr Shrimski added, but lack affordable options for simple advice and guidance.

“We also welcome proposed changes in the draft legislation to allow super funds to use ‘nudges’ to support members with important decisions about their retirement savings,” Mr Shrimski said.

“There is a need for a full spectrum of financial advice, support and guidance, based on consumer preferences, needs and circumstances.

“Today we are one step closer to delivering on this need for all Australians.”

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The current Managing Director, Mr Frank Kolimago, who has led the Australian business since 2018, will be taking up a new role for the Vanguard group as Global Head of Talent Management based at the group’s headquarters in Malvern outside Philadelphia in the US. The transition of roles will take place over the coming weeks.

Mr Shrimski joined Vanguard’s Australian business in 2011 as the company’s Chief Financial Officer.

He moved to the US in January 2017 to become the divisional CFO of the U.S. Retail Investor Group, which comprises over $US2 Trillion in AUM and more than 7 million Retail investors. Most recently he has been CFO for Vanguard’s International business and Aa member of the International Leadership Team.

Mr Shrimski has a wealth of experience both in Australia and the US in the financial services industry. Prior to Vanguard he spent 11 years at GE across Australia, U.S and The Netherlands. Prior to joining Vanguard, he was a Finance Director within GE Capital Australia’s consumer finance division.

Vanguard has been serving Australian investors for the past 25 years by providing investment options either through advisers and institutions that share our low cost, diversified philosophy or direct to investors through our range of managed funds and market-leading ETFs.

Vanguard recently announced plans to enter the superannuation market and work is well advanced for the launch of the new super fund in 2022.

“It is an exciting time to be re-joining the Australian business,” Mr Shrimski said.

“Since I left Australia in 2017 the business has evolved significantly and with a stronger focus on working directly with investors and the advisers that serve them. The launch of Vanguard super next year will be an exciting step forward on that journey to help Australian investors achieve their financial goals.

“Vanguard has a long history in Australia and the support we have received from the financial advisory industry is testament to the value we aim to provide to investors through our low cost, diversified and long-term investment philosophy. It is humbling to see the growth in our ETF business in the four years since I left Australia and the trust that investors are placing in Vanguard. I couldn’t be more excited for what lies ahead,” Mr Shrimski said.

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