David Taylor
speaker
997 appearances
8 recordings
2 series
first heard Apr 2026
last heard 15 Sep
David Taylor’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 3.
Appearances
And because a lot of this stuff is determined by mathematics and algorithms and all that sort of stuff,
but it's a lower cost option and you literally can go on your app and purchase it with a click of a button.
So it's exploding because there's a whole generation of Australians that want access, easy access to what would otherwise be a very complicated managed fund process.
Yes, and it leads me on to the little phrase that's in the piece today, which is the dirty little secret of the active fund manager, which is basically that several advisors told us during the investigation of this story that an active fund manager will, as you mentioned, try to beat the market with specific stock selections.
And the dirty little secret of the active funds management industry is that they've figured out that it's actually easier to follow the market, just like passive funds.
So the passive funds do simply
make sure that what's in their fund mirrors what's happening with the, let's say, the ASX 200, for example.
So the active fund managers have gone, okay, well, if they're beating us, if we can't do better than that with our stock selection, if they're beating us, let's just do what they're doing, call it an active fund and charge the fees for it.
And it's unfair, obviously, for people who are paying the money to an active fund when they're doing exactly what a passive fund would do.
Now, the ETF market is essentially also mirroring what would happen in a passive index fund.
So that's why you're getting this sort of comparison between ETFs, passive funds, and active funds.
The active fund managers don't like the ETFs because in many ways they are mirroring what's going on in the market, and there's no trading involved, so it's lower cost.
There's no need for fees.
So, yeah, it's tricky.
But if you are keen to have a simple investment, and let's face it, not all of them are simple and not all of them are diversified and balanced.
But most of them, from what the ASX has said, are.
And if you are keen to have that sort of investment at a low cost, put your foot into the market, then what analysts are saying is that this is a low-cost option.
They're not different from the ones that have already listed.
They're all basically doing a whole range of things.
We have some new ETFs that are specifically following AI on Wall Street.
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