ASX builds fund supermarketBY DARREN SNYDER | MONDAY, 10 AUG 2015 12:20PMThe Australian Securities Exchange (ASX) openly says one of its strategic priorities is to continue to build out an investment supermarket. Related News |
Editor's Choice
NSX to focus on dual listings over the next 12 months
Following the departure of its chief operating officer, National Stock Exchange of Australia chief executive Max Cunningham told Financial Standard about his plans for the exchange in the near future, including its first-ever listing of a Canadian company next week.
Shorter CSLR payout timeframe awaits major bill passage
The looming passage of a major bill will amend how levies are collected under the Compensation Scheme of Last Resort (CSLR) and, in turn, speed up compensation payments to eligible victims.
State Street appoints head of Asia Pacific
State Street has appointed Tim Helyar as head of Asia Pacific, effective immediately, taking the helm from Lochiel Crafter, who recently retired.
FEATURE | Digital advice | Interlocking the pieces
Digital advice has become a core offering for wealth managers, yet it confuses many and implementation and use remain fragmented. Before it can achieve aspirations of scale, experts are urging for a better, unified understanding of the offering.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Sarah Shaw
GLOBAL PORTFOLIO MANAGER
4D INFRASTRUCTURE
4D INFRASTRUCTURE
It wasn't confidence that prompted Sarah Shaw to walk away from established investment houses and co-found 4D Infrastructure in 2015. It was something she believes is far more important: courage. By Vinny Vucago.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Question to all fund managers, and please be sincere.
At IPO, how many of you own LICs, have family members who own LICs, and would recommend to any loved one they buy LICs?
Hint, at full rack rate, the same rate the schmuck off the street buys off and IPO?
If you don't own, nor would you recommend it to any loved ones, then please don't sell them to the unsuspecting public. The days of cigar chompin' worry beads "advisors" should be well behind us.
I have nothing against the underlying investment, I can assure you. It's just the vehicle to which Mums and Dads are accessing active funds which I have a beef with. They're getting ripped on fees and widening discounts, which ironically will only promotes passive options. And no one should know this more than the same PMs who profess long term active investment.
How on earth ASIC hasn't put a stop to these is beyond me. Were financial planners to offer such vehicles, ASIC would be all over them like white on rice. Yet the broking community seems to be unobstructed. Makes no sense, if you ask me.