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16/10/19

16:20

Post #: 40913997
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Originally posted by danbradster: ↑

AFR: https://www.copyright link/companies/financial-services/graham-tuckwell-hails-peer-to-peer-investing-revolution-20191015-p530rf

ETF Securities Australia, which was founded by Tuckwell in 2003 and launched the world's first gold-backed exchange-traded commodity, will jointly list the SMSF Leaders ETF with online broker and investment adviser SelfWealth. The product was expected to start trading on the Australian Securities Exchange on Wednesday, but has been delayed by "administrative" hurdles.

Despite the delay, Mr Tuckwell believes the underlying investment philosophy of the fund reflects a new peer-to-peer zeitgeist in the ETF market, which is more sophisticated than traditional index-hugging funds.
...
While bullish on the ability of ETF-based robo-advice platforms like Stockspot and SelfWealth to claw market share from unlisted managed funds, he made clear that it is the peer-to-peer philosophy underlying the new fund that has enticed ETF Securities into the partnership.

“It is not SelfWealth we are tying ourselves to, it is the data we are tying ourselves to," he said.

So apparently it was due to list on Wednesday (16th?).

It also confirms that SelfWealth with their increasing market share, and additional divisions (ETF, advisor platform), will end up in more news articles.

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Correction: A previous version of this article mistakenly reported that the SelfWealth ETF Leaders Fund was due to be listed on Wednesday and was delayed. Instead, its listing date was due to be announced on Wednesday.

Confirmed by SWF via webchat. The article got it wrong.

SWF Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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