The initial product range also includes a physical US Dollar ETF, a physical offshore Renminbi ETF and a physical gold ETF.

The two companies said further products and additional asset classes will be added over time and in other Asia-Pacific markets, such as Hong Kong, in response to demand from investors and intermediaries.

ANZ ETFS Management will be based in Sydney and will include employees from both ANZ and ETF Securities.

ETF Securities' head of Australia and New Zealand, Danny Laidler, has been appointed co-head and head of distribution at ANZ ETFS while Adam Smith, currently the director of business execution at ANZ Global Markets, has been appointed co-head and chief operating officer of the joint venture.

ANZ chief executive of global wealth Joyce Phillips said ETFs are increasingly being used by Australian investors and SMSF trustees as an important and tactical part of their portfolios.

“ANZ Wealth will continue to offer these, as part of innovative investment solutions, to our customers,” she said.

Graham Tuckwell, founder and chairman of ETF Securities, said while Australia was among the pioneers of ETFs over a decade ago, overseas markets have adopted them more widely and at a faster rate.

“We believe this is now changing as Australian investors embrace ETFs, investing record levels over the last year,” said Mr Tuckwell.

“This is why we are excited to be partnering with ANZ to offer a new and comprehensive ETF platform, delivering more choice and greater access to Australian investors.”