Wealthtrac launches ETFs on super master trust
ETFs have been added as investment options within Wealthtrac’s superannuation master trust for the first time.
The funds are the iShares MSCI EAFE, iShares MSCI Emerging Markets, iShares S&P Global 100, iShares S&P 500, SPDR S&P/ASX 200 Fund and the SPDR S&P/ASX 50 Fund.
Wealthtrac head of distribution Matt Johnson said the six funds offer planners a broad spectrum of the different asset classes in the Australian and international equities market.
“They are targeted at planners looking for a low cost facility to manage their client base, in particular those who are skewed toward index management rather than active.”
Johnson said the industry is constantly talking about lowering costs, and these ETFs provide a mechanism to be able to lower the costs for index style advisers.
For example, he said the management expense ratio for a standard Australian active share fund could be upwards of 80 basis points. “By comparison, a planner can buy one of our funds for .386 basis points, and they get the index.”
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