So performance must be the main consideration, ok then pray tell ASIC with your magic crystal ball which funds will outperform some years but underperform others? Are we to use your foresight which you must have to pick shares for clients too? You just buy the ones that are outperforming? Then if they don't outperform, you jump onto the next one? So so it goes? Really???? Oh asic your ivory tower is crumbling , you are grasping at straws to be relevant now.
Here's the thing ASIC most of you are washed up public servants that have never actually invested money for a client, we actually know more than you do. So stop telling us how to suck eggs. I'm not paying my fees so you can spout this mumble jumbo , do your core role.