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
$7.49 |
Change
-0.060(0.79%) |
Mkt cap ! $9.392B | |||
| Open | High | Low | Value | Volume |
| $7.53 | $7.53 | $7.47 | $2.014M | 268.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 20594 | $7.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.49 | 390 | 1 |
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| AFI (ASX) Chart |