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.”
Recommended for you
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
