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
Aware Super hires head of corporate development
The $175 billion superannuation fund welcomed its first head of corporate development as it looks to be a "merger partner of choice" in the industry.
Link Group rebrands as acquisition completes
Link Group announced its new name ahead of delisting from the ASX at today's market close.
Crescent Capital sells down ClearView stake
ClearView has been alerted that Crescent Capital wishes to sell a major share in the company.
Social media influencers charged for promoting shady investments
Reality TV stars from shows like Love Island, Geordie Shore, and The Only Way Is Essex are due to face Court for pushing unauthorised investment schemes on their followers.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
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.