ASX:SELF, SelfWealth soon to have their own ETF!?

Discussion in 'Shares & Funds' started by number 5, 10th Oct, 2019.

Join Australia's most dynamic and respected property investment community
  1. number 5

    number 5 Well-Known Member

    Joined:
    2nd Mar, 2019
    Posts:
    117
    Location:
    Adelaide
    Details are pretty loose. Link to more info: SelfWealth SMSF Leaders ETF (ASX:SELF)

    I just hope they don’t move too far from their core job: providing me a cheap trading platform!

    Thoughts?
     

    Attached Files:

  2. bobbyj

    bobbyj Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    350
    Location:
    Sydney
    Any ETF that claims to outperform the market as their selling point is a red flag in my opinion
     
    Ariyahn2011 and number 5 like this.
  3. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    7,912
    Location:
    Australia
    Are you confusing etf with index fund?
     
    number 5 likes this.
  4. number 5

    number 5 Well-Known Member

    Joined:
    2nd Mar, 2019
    Posts:
    117
    Location:
    Adelaide
    Just FYI, I have absolutely no interest in purchasing this.
     
  5. symposia

    symposia Member

    Joined:
    14th May, 2018
    Posts:
    14
    Location:
    Concordia
    I am curious how SelfWealth will leverage the data from their platform to determine the holdings in their new ETF and outperform. From the language on their site, the holdings will reflect those owned by the top performing SMSF portfolios on SelfWealth.

    This reminds me of the SW Top 10 Members target portfolio that you can set on their platform which rates your portfolio performance against performance of a portfolio of the top 20 stocks held by the top 10 performing members at SW (updated quarterly) refer attached.

    If they're anything alike, it does not seem worthwhile to me, considering SW will put their own management fee on top. Will have to wait and see how it'll work.
     

    Attached Files:

  6. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,214
    Location:
    WA
     
  7. SatayKing

    SatayKing Well-Known Member

    Joined:
    20th Sep, 2017
    Posts:
    9,223
    Location:
    It's All About Me.
    Well, that is so stupid @ Redwing to base an ETF on some SMSFs. It is well known the cost of running an SMSF is hugely expensive and the Trustees are incompetent. At least that is what some industry superannuation funds would have us believe I have heard.
     
    Redwing likes this.
  8. RogTheBear

    RogTheBear Well-Known Member

    Joined:
    18th Jul, 2019
    Posts:
    375
    Location:
    Sydney, Orstralia
    Apropos of nothing, I wonder who's going to end up with ASX code "WELF"?
     
    symposia likes this.
  9. symposia

    symposia Member

    Joined:
    14th May, 2018
    Posts:
    14
    Location:
    Concordia

PFI provide our clients with the opportunity to purchase an investment property, together with performing equity investments from a wide range of ASX listed securities some providing monthly income. This is the value of advice.