3 ms·
0.75% TER is still far too high (like, charging at least three or four times too much) for something that is a passive index. Many indexes are 0.15% and under.
by joosters 11y ago
0.75% TER is still far too high (like, charging at least three or four times too much) for something that is a passive index.
Many indexes are 0.15% and under.
- chkuendig 11y agoIs it a passive index though? Seems like ISE specifically maintain the index for this fund and fees of the fund also go to the guys in charge of the index (ISE).
- kspaans 11y agoNot to mention that ETF is more expensive _and_ less diversified than broader market index funds. And the index it follows isn't even doing anything fancy like Dimensional Fund Advisors (they don't use a market-cap weighted index, they have their own formulas to calculate weights).
- PhantomGremlin 11y agoYes, too expensive. This article was posted a few hours earlier, and I pointed out that ETFs like SPY and VOO are much cheaper, 0.09% and 0.05% respectively. https://news.ycombinator.com/item?id=10123060 https://news.ycombinator.com/item?id=10123060
- cowsandmilk 11y agoBuying HACK is to invest in a particular industry. SPY and VOO don't track an industry, they track large us companies.