Wealthtrac launches ETFs on super master trust

emerging-markets/ETFs/planners/

16 September 2009
| By Liam Egan |

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS