Active v Passive
Much has been written recently about the relative merits of taking an active approach or just letting your funds track an index.
The growth of passive funds has been extraordinary. The head of Vanguard in Australia was in the news last week as the FUM have grown to $5.4 trillion. $2.9 trillion is tracking indices around the world.
Vanguard has 20m investors around the world, with management fees on average 12bps.
You can see how attractive these ETFs have...Continue Reading