Those interested in long-term investment in Australian equities should also consider index funds.
The pick of the these funds is the listed SPDR S&P/ASX200 Fund (ASX code: STW) whose management fees are a mere 0.285%pa. Several unlisted index funds are also available, but these tend to charge higher fees: Vanguard charges 0.75%pa, and Colonial FirstState 1.10%pa.
As for LICs, my favourites are ARG, MLT and CHO. I'm yet to invest in AUI or DUI, but these would be next on my list. I wouldn't touch the newer, smaller LICs with a barge pole.
Those interested in long-term investment in Australian equities...
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Last
$8.77 |
Change
-0.020(0.23%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $8.85 | $8.85 | $8.76 | $2.030M | 230.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 8745 | $8.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.78 | 7185 | 6 |
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| Last trade - 13.48pm 07/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
