As an aside, Sunsuper, a good performing Industry Fund, did a big deal with Vanguard a few years back that essentially has Vanguard (largely) passively managing various fund asset. They just didn’t see the value proposition in continuing to actively manage their portfolios.
Argo isn’t a passive ETF, but it is an extremely low cost fairly passive LIC, unlike the more modern high fee / supposedly high performing LICs.
why is this lagging the indicies?, page-28
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