I have bought an ETF and will never again. They are a terrible product. They don't actually track the performance of what they are supposed to as there are transaction fees and admin fees of the manager.
In Raiz's case, there are these fees as well as Raiz's fees. So what is the point?
Well isn't that the issue? How will Raiz ever make money if they are dealing with such small amounts? They need millions of customers to break even. Why would anyone invest in that?
Ann: Funds Under Management & Active Customers - December 2018, page-13
Add RZI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
44.5¢ |
Change
-0.010(2.20%) |
Mkt cap ! $44.68M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 42.5¢ | $9.441K | 21.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 73129 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 49999 | 1 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| RZI (ASX) Chart |
