It would be quite difficult for a small ETF to be "accurate" if the minimum parcel was $500.
For example, if you had a small cap ETF and 1% of the fund was BCI.
Then if an investor invested $5,000 with the fund, the fund would have to buy $50 (1% of $5,000) worth of BCI shares which is 20 shares.
If they were forced to buy in $500 parcels, they would have to wait until they had $50,000 of new investments before they could buy BCI by which time the price might have changed considerably.
What I do think the ASX should do is to double check that all these bot-purchases are for legitimate reasons.
bots, page-15
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BCI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $865.7M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.8¢ | 30.0¢ | $43.24K | 142.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 376604 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 31924 | 5 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BCI (ASX) Chart |