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
Diversa board backs chief executive pay rise, bonus amid First Guardian fallout
Diversa Trustees' board paid chief executive Andrew Peterson a bonus of $770,000 and increased his salary at the height of the First Guardian collapse, an inquiry heard, doubling down on its confidence in his leadership and suitability to lead the business.
Active equity managers lag benchmarks: SPIVA
Most active equity managers in Australia underperformed their benchmarks in the first half of 2026, despite market conditions that appeared supportive of stock picking, according to S&P Dow Jones Indices' latest SPIVA Australia Scorecard.
CareSuper earns place among pension fund giants, ART breaks into top 20
Australian Retirement Trust (ART) has cracked the top 20 ranking of the world's largest pension funds, while CareSuper has debuted on WTW's annual Global Top 300 Pension Funds report.
MAM acquires half of Aware Super's Victorian land registry stake
Macquarie Asset Management (MAM) has acquired Aware Super's 50% stake in Secure Electronic Registries Victoria (SERV), the private operator of Victoria's register of land.
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.