Perpetual joins the ranks of ETFs with an ethical fund

“That’s also one of the goals – to operate different customer channels and different access points for those customers. If you think about SMSF even recklessly [self-managed super fund] clients, this is another active channel in the use of ETFs, ”said Gillespie.

“Advisory groups and financial planners use ETFs with their clients, but, yes, they may appeal to more investors. “

The move to ETFs reflects a similar push at Hamish Douglas’ Magellan, and comes amid warnings that the number of financial planners will halve by 2023 as a ‘broken’ advisory model pushes costs too high for the company. Most Australians.

Ms Gillespie and GIVE portfolio manager Nathan Hughes said the fees between listed and unlisted versions of the fund were “comparable”. Customers of the unlisted version pay a higher base charge, while those who invest in the listed vehicle pay a lower base charge but must play an additional performance fee.

Ms Gillespie said Perpetual is not straying too far from its core business of unlisted managed funds.

“Unlisted managed funds are still widely used, and I think that with the continued evolution of platforms, the capacity to access is also more fluid … [the ETFs are] definitely recognizing that there are definitely some investors who want to be off-platform and use exchanges as their platform.

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