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
Alternatives stable pushes Navigator assets higher
Ongoing volatility continues to bolster Navigator Global Investments' (NGI) performance as its stable of active, alternative strategies saw assets under management (AUM) jump to US$86 billion at the end of June.
CBA head of Australian economics steps down
After 13 years, Commonwealth Bank's head of Australian economics is stepping down from the role.
Hostplus closes two investment options
Hostplus plans to terminate two international shares investment options, effective 30 September 2025.
Prime Super bolsters investment team
An Australian Retirement Trust investment professional has landed at Prime Super - the $8 billion fund for workers in agriculture, health and education.
Products
Expert Feed
Are US assets becoming less desirable?
There has been so much commentary, including by us, on the twists and turns of US trade policy - notwithstanding the latest 90-day truce with China - ...
Founder-led companies: What investors need to know
Founder-led companies have long been a lucrative hunting ground for investors.
Elevating your emerging markets game plan
Do emerging markets still belong in a modern investment strategy? If so, how do we appropriately weight emerging markets exposure?
AI, alternative data and sustainability in focus
As AI and alternative data reshape quantitative investing, here are some key insights from discussions with institutional investors.
Featured Profile
Alexis George
CHIEF EXECUTIVE OFFICER
AMP LIMITED
AMP LIMITED
After a few years of "cleaning up the past," AMP chief executive Alexis George has her sights firmly set on the future and restoring the wealth giant to its former glory. Eliza Bavin writes.
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.