Managed funds and ETFs – understanding the similarities and differences By Graham Hand
Managed funds are supposedly a non-transparent and expensive way of investing, while ETFs are increasingly touted as low cost investment saviours. Graham Hand outlines how similar the two investment products are when compared on a like-for-like basis and highlights the features that can set a managed fund apart. Exchange Traded Funds and managed funds are very similar. In fact, “ETFs are listed managed funds” according to the Australian Securities Exchange …