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Hi Lizardo,
They are still considering it internally but whether it takes off or not is still an unknown.
It’s a chicken and egg problem. They won’t launch something unless there is sufficient demand and they won’t know whether there is sufficient demand or not until they launch it.
ReplyInteresting; so that’s one more Index fund but with (yet again) ridiculous expense ratios. We need Vanguard to set up shop here! Otherwise, ETFs would be the next best thing.
ReplyHi Rhincodon,
From what I know, Vanguard is currently exploring this option.
ReplyThat’s great news, Lion. Hope the expense ratio they will have over here would be comparable to the US ones.
Reply“Due to the small size, expense ratio is a whopping 2.16%, which is really high for a fund that allocates all its assets to index funds”
Basically a fund that does nothing except getting money from you; if that does not show that the bankers are only here to steal your money…
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