Hello, I was wondering if someone could kindly suggest an index fund for me? I am searching for a fund that will simply track the All Ords so I would expect the fees to be very low. Any help would be greatly appreciated. Thanks, Matt
I think an index fund should charge less than 0.5% MER ... and most of the ones I've found locally charge well over 1% CFS have an ASX200 retail index fund which charges 1.1% - too high in my opinion Vanguard's ASX300 retail index fund charges 0.75% for the first $50,000, 0.5% for the next $50,000 and 0.35% for the balance over $100,000 ... which is a bit better How about an ETF ? StreetTracks have their SPDR S&P/ASX 200 Fund which trades on the stock exchange. MER is about 0.286%p.a. I think. This is not a recommendation for any of these funds - I haven't invested in them personally and can't comment on performance or otherwise. There are also other index funds out there which you should consider - this is just a couple of options to look at.
STW is the ASX code for the SPDR S&P/ASX 200 Fund StreetTracks has information about their ETFs and ETFs in general: SPDRs More info on ASX website: Reasons for investing in ETFs listed on ASX
