Suggest you do some homework on FGX and FGG and see if either is right for you.
FGX has an Australian market focus, whilst FGG is focused on international markets. Through the various underlying funds, you get a blend of styles (long only, long / short etc) and stocks with varying market caps (some funds within FGX / FGG are focused on leaders, whilst others have a mid or small cap bias). FGX pays a divvy of around 3.5%. FGG only pays a small divvy (1c) but has more of a capital growth bias.
Both were set up by Geoff Wilson, with philanthropy in mind. Each has been in operation for a few years now, and have been doing OK.
A ‘fund of funds’ approach (around 15 funds for each of FGX and FGG) but with all individual fund managers reimbursing their entire management and performance fees in exchange for FGX /FGG donating 1% of assets per annum to designated charities. Geoff even gets the back office administration for the funds done largely pro bono (eg the ASX has come on board by waiving their annual listing fees for FGX/ FGG)
To be able to get access to active managers (assuming you’re after active managers) for an effective ‘fee’ of 1% (the donation) and no performance fees looks to me to be a pretty sweet deal. (Some ETFs aren’t a heck of a lot cheaper than this)
