Yes, I suppose so. Indeed many of the bigger LICs (AFI, ARG, MLT) are virtually index funds but with even lower fees: AFI's MER was 0.13% last financial year, ARG's was 0.12%, and MLT's was 0.13%. Compare this to STW, which charges 0.286% pa, or the Vanguard ASX300 fund at 0.75% pa +0.2% buy spread.
why do funds underperform the index, page-5
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Last
$7.38 |
Change
0.040(0.54%) |
Mkt cap ! $9.254B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.40 | $7.33 | $2.069M | 280.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16849 | $7.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.39 | 24509 | 1 |
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| Last trade - 10.42am 04/07/2025 (20 minute delay) ? |
| AFI (ASX) Chart |