Yeah, definitely. It's a different environment now to when PTM had its heyday.
I was one of those Fund Managers you talk about in a previous career. Back before ETFs really took off. Looking back with much more experience in life - it was pretty ridiculous what we were paid for the benefit that we actually delivered. And then we'd put our hand out for performance fees ;-()
Nowadays the selection of good ETFs you can get from someone like Betashares is incredible, at fairly reasonable cost and with daily liquidity.
Maybe PTM can turn it around, but its going to need some fresh ideas and to take a lot more business risk.
Ann: Funds Under Management - December 2023, page-21
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