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Old 17-12-2007, 07:51 AM   #1
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Indexed Funds

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
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Old 17-12-2007, 08:20 AM   #2
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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.
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This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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Old 17-12-2007, 09:09 AM   #3
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I don't think you can beat STW for what you are describing.

BR
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Old 17-12-2007, 09:39 AM   #4
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Thanks guys, Bantam Roosta, what is STW?
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Old 17-12-2007, 09:53 AM   #5
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Quote:
Originally Posted by farmer View Post
Thanks guys, Bantam Roosta, what is STW?
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
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