top200 shares fund
Found on portfolio tracker site via google this this comparison of a few Australian index funds. What’s curious is the
top200shares product from BankWest. Now BankWests internet banking product is great but it is kind of baffling why they would introduce this when it’s fees are so high compared to the competitors. Natty online web pages to track the fund are nice, but not that nice, when it is just as easy to track a streettracks asx200 portfolio online at a discount broker with a fraction of the fees applying. The nearly 1% MER partly removes a the advantage of index investing I think.
follow up
After some discussion on the ever handy aus.invest though the web design looks cute this product doesn’t really offer anything over the cheaper equivalent product from Vanguard, although either would be better than streettracks for small regular savings deposits as no brokerage fees.
I don’t know why Bankwest launched that product either.
Basically its just a wrap product which adds an extra layer of management fees to an existing index product
Comment by Neerav — March 17, 2007 @ 5:34 pm
[…] Yeah I pondered this in a blog article which links to a thread on aus.invest which has some good comments on this one last year: A Random Person’s Random Investments » top200 shares fund essentially the Vanguard fund, or STW beat it in every possible way, and it appears to depend on the customers not being aware of the costs of features of any other index funds. __________________ A. Random Person blog: arandomperson.linuxbandwagon.com […]
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