ETF Exchange Traded Funds (ETFs) 2024

Naughty, Vanguard, naughty. Tsk, tsk.

"The Federal Court has found Vanguard Investments Australia contravened the law by making misleading claims about certain environmental, social and governance (ESG) exclusionary screens applied to investments in a Vanguard index fund."

24-061MR ASIC wins first greenwashing civil penalty action against Vanguard | ASIC

 

Interestingly...

Greenwashing: Vanguard misled investors about its ethical fund, Federal Court finds

Apparently their second time, there was an issue in 2022 also

Also

Vanguard quits net zero climate effort, citing need for independence

 

When the dividends hit

 

Vanguard: we have to report that our ethical fund is not as ethical as previously advised.
Media: how so?
Vanguard: it is unethical.
Media: any further comment?
Vanguard: our company is entirely ethical, which is why we are not for profit in the USA.
Media: what about Australia? Why are your fees higher than other similar fund managers?
Vanguard: what is ethics anyway?

 

......and we failed to ensure it was ethical before we offered it to the (gullible) public.

 

The selfish luxury of pursuing moral principles

 

The financial pundits seem to be in a tizzy over the S&P500 gains of 2024..."buy n hold"..."stay the course"..."pay our comissions"
And yet only buying the dips would achieve that result.
The "buy an holders" are just made up the losses from the previous year.


As for Vanguards, it's kinda like selling devon and calling it double smoked leg ham.

Though most of that ESG stuff is garbage, NVDIA in particular which is responsible for endless gigawatts of power used by gfx cards trying to mine bitcoin over the last few yrs.
And yet it's first on the list of "esg" funds.

 

NVIDIA gpus is a poor choice to mine Bitcoin, most used antminer. GPUs were used for alts like ether but that stopped when it switched to POS.

 

Yes, these days.
They stopped for a bit when it dropped, it's back in now.
And there's all the cards that ended as toxic landfill.

 

As an environmentalist I welcome this sort of news of action being taken as green washing is a menace imho.

 

Here you are @Mr Burns. You now know where a lot of that $1 distribution comes from. CG and Foreign Income.



https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02792105

 

@SatayKing dividends on the way

 

anyone knows why most ASIA etfs go ex japan? and on that same token - anyone has opinions on asia etf? except tiger etf from beta (dont want too much tech)

 

From SwaankyKoala

The true cost of ETFs



https://www.reddit.com/r/fiaustralia/comments/1bwidva/the_true_cost_of_etfs/

 

Easy mode incoming

 

Seems franking is not included yet.

 

From Richard Gough

 

@Redwing @Waterboy i am by NO MEANS an expert on tech analysis, but is the double top and fibo on the nasdaq of any concern? previous retraction was spot on the 38 and the support from the secondary was also at the ~ 61.... what do you think?

 

fake science