The managers manage the money for free and then 1% of FUM goes to charity.
So that 6% of WAM that you are getting in the FGX fund you get for a total fee of 1% rather than paying WAMs fees which are much higher after performance fees.
Some home truths - Livewire contributor Chris Brycki, page-51
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Last
$1.44 |
Change
0.020(1.41%) |
Mkt cap ! $1.603B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.45 | $1.42 | $2.828M | 1.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 64520 | 7 |
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| WAM (ASX) Chart |