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Pinnacle kicks off race to zero-fee ETFsBY KANIKA SOOD | MONDAY, 29 JUL 2019 11:06AM
A local boutique within the Pinnacle stable is planning to launch Australia's first zero fee exchange traded fund.
Read more: Vanguard Australia Shares Index ETF, BetaShares, Rainmaker, Pinnacle Investment Management, Alex Vynokur, Dugald Higgins, Ramsin Jajoo, ASX, Zenith, BlackRock, Financial Standard, iShares Global, John Dyall, Omega Global Investors
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Towards a perfect currency solution
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a $1.9 billion privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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