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
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Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $894.2M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.0¢ | $232.4K | 756.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 89986 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 4996 | 1 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BCI (ASX) Chart |