Normal
holding SUN hasn't been unprofitable ( SO FAR ) had to do a bit of extra buying/reducing , and i even escaped AMP making some profit and most ETFs have a wholesale equivalent if the ETFs offer an advantage to the fund manager ( reduced research and balancing and arguably less costs ) wouldn't a smart manager use SOME ETFs in the client portfolios , and 'cherry-pick the opportunities to beat the market mind you some LICs still offer a better alternative for a fund manager as you can snipe them when trading at a discount i was a bit concerned a few years back when there was a concerted push by several super funds to increase international exposure ( especially the union-based ones )
holding SUN hasn't been unprofitable ( SO FAR ) had to do a bit of extra buying/reducing , and i even escaped AMP making some profit
and most ETFs have a wholesale equivalent if the ETFs offer an advantage to the fund manager ( reduced research and balancing and arguably less costs ) wouldn't a smart manager use SOME ETFs in the client portfolios , and 'cherry-pick the opportunities to beat the market
mind you some LICs still offer a better alternative for a fund manager as you can snipe them when trading at a discount
i was a bit concerned a few years back when there was a concerted push by several super funds to increase international exposure ( especially the union-based ones )
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