I think you are onto something here. Most people equate ETF with Cap weight indexing, however it is now possible to gain exposure to quality/value/size premiums very cheaply ; in the range of 30-40bps via alternative beta products. It makes it harder for a large cap active manager to regain FUM once it’s lost as there are now easily accessible, cheap products.
Ann: St James's Place Mandate, page-153
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Last
$9.43 |
Change
-0.105(1.10%) |
Mkt cap ! $1.699B | |||
| Open | High | Low | Value | Volume |
| $9.48 | $9.52 | $9.38 | $1.042M | 110.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1073 | $9.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.43 | 861 | 12 |
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| Last trade - 11.11am 02/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |