Looks like "One Stop Shop" ASX200 index fund, though the fees look quite high for an index fund compared to Vanguard, Streettracks, etc, though might be good for getting started as it appears completely standalone and internet managed.. any ideas?
I guess if you are putting small amounts away in a regular savings plan, then the brokerage on buying streettracks may come out higher than the fixed % fees of this fund..
> Looks like "One Stop Shop" ASX200 index fund, though the fees look quite > high for an index fund compared to Vanguard, Streettracks, etc, though > might be good for getting started as it appears completely standalone and > internet managed.. any ideas?
> I guess if you are putting small amounts away in a regular savings > plan, then the brokerage on buying streettracks may come out higher than > the fixed % fees of this fund..
They keep a tight grip on the FUM: """ Can I choose not to reinvest earnings/income? No. The distributions allocated to investors are wholly reinvested by the Administrator in Top 200 and added to investor unit holdings. """ Don't forget to budget for income tax.
> Looks like "One Stop Shop" ASX200 index fund, though the fees look quite > high for an index fund compared to Vanguard, Streettracks, etc, though > might be good for getting started as it appears completely standalone and > internet managed.. any ideas?
> I guess if you are putting small amounts away in a regular savings > plan, then the brokerage on buying streettracks may come out higher than > the fixed % fees of this fund..
This seems to be a product from Bankwest, or one of their companies - but they seem to have tried to hide it as best as they could, the webpage colour scheme and a casual mention of Bankwest on one of the questions is the only thing suggesting it. I wonder why. The home page has "St Andrew's Wealth Management Ltd" at the bottom. Probably the PDS will have it - I haven't gone there.
> Looks like "One Stop Shop" ASX200 index fund, though the fees look quite > high for an index fund compared to Vanguard, Streettracks, etc, though > might be good for getting started as it appears completely standalone and > internet managed.. any ideas?
What advantages does it have over, say, Vanguard?
You get online access via Vanguard as well, but lower fees.
I'm not sure the term "one stop shop" really applies here. The normal usage of the term applies to a place that offers numerous products and services in one place so you can get everything you need from there. In a financial context this means a single place where you can get financial planning advice, get investment products, have your taxes done, get insurance etc.
If there is a single valid reason to get the Bankwest Top 200 fund instead of Vanguard, I haven't spotted it yet.
> I guess if you are putting small amounts away in a regular savings > plan, then the brokerage on buying streettracks may come out higher than > the fixed % fees of this fund..
On Feb 14, 8:02 pm, "Travis Morien" <travismor...@yahoo.com> wrote:
> If there is a single valid reason to get the Bankwest Top 200 fund > instead of Vanguard, I haven't spotted it yet.
Exactly. As a matter of fact, I've sent them e-mail some few months ago, after receiving few of their brochures, asking to explain why should I pick them over Vanguard, as I can't see any reason myself. No answer yet... :-) kdv09
On Wed, 14 Feb 2007 02:02:43 -0800, Travis Morien wrote: > On Feb 14, 9:36 am, "A. Random. Person" > <arandomper...@linuxbandwagon.com> wrote: >> Found this last night,http://www.top200shares.com.au/looks like it has >> pluses and minuses.
>> Looks like "One Stop Shop" ASX200 index fund, though the fees look >> quite high for an index fund compared to Vanguard, Streettracks, etc, >> though might be good for getting started as it appears completely >> standalone and internet managed.. any ideas?
> What advantages does it have over, say, Vanguard?
> You get online access via Vanguard as well, but lower fees.
> I'm not sure the term "one stop shop" really applies here. The normal > usage of the term applies to a place that offers numerous products and > services in one place so you can get everything you need from there.
OK one stop shop maybe not the right terminology, perhaps self contained product that doesn't need adviser involved or additional online services is what I was trying to say. It looked like it works just like the BankWest AbetterDeal internet bank product, but in closer examination now of the Vanguard and top200shares products they are very close, on first look I thought it might be a bit more flexible on transaction amounts and total online management, etc like the BankWest internet banking products are, but it perhaps just shares the same superficial web design.
>> I guess if you are putting small amounts away in a regular savings >> plan, then the brokerage on buying streettracks may come out higher >> than the fixed % fees of this fund..
> Which is where Vanguard comes in.
OK! for some reason I thought the vanguard would have higher minimum amounts but side by side they are pretty much the same..
<arandomper...@linuxbandwagon.com> wrote: > OK one stop shop maybe not the right terminology, perhaps self contained > product that doesn't need adviser involved or additional online services is > what I was trying to say.
Vanguard does that!
> It looked like it works just like the BankWest AbetterDeal internet bank > product, but in closer examination now of the Vanguard and top200shares > products they are very close, on first look I thought it might be a bit > more flexible on transaction amounts and total online management, etc like > the BankWest internet banking products are, but it perhaps just shares the > same superficial web design.
I'm still yet to hear of a single reason why one would go for this product instead of Vanguard.
One might exist... maybe, but I haven't spotted it yet. On the face of it, it just looks like a more expensive alternative to Vanguard.
