Kris Walesby
speaker
321 appearances
1 recordings
1 series
first heard Jul 2020
last heard Jul 2020
Kris Walesby’s voice in public audio — every appearance, attributed to the second.
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Appearances
So we've been in ETF securities for about two or three years, just as one unit, but actually ETF securities has been around in Australia since 2003.
And not to take up too much of your time, but that's an interesting story in itself because ETFs in Australia have been around since about 2000, but ETF securities is actually the second provider up the state street, which is an American company.
So Graham Tuckwell, who's an Australian, who's now actually returned to Australia after being 15 years in Europe, but he built the first gold ETF in the world.
That's the same one that's on the Australian Stock Exchange right now.
The ticker is easy to remember.
It's G-O-L-D.
But that, again, was a completely innovative concept at the time, and he had to fight very hard with the ASX and ASIC, the exchange and the regulator,
to allow that product to come onto the exchange where you as an investor buy ETF units, but you're effectively buying real physical gold stored in a vault, right?
That concept, which is quite known now and accepted, and the fund is doing exceptionally well during these volatile times, but that was completely innovative.
He then went to Europe and built a much bigger asset manager, which he's recently sold, but he's kept us as one of his, you know,
portfolio of companies that he has, but it's a story of an Australian done well.
And he's now, Graeme Tuckwell is now doing a lot of philanthropy, particularly with ANU in Canberra.
Yeah, so let's start from first principles.
And I hope over time you and me can talk to your viewers more about this and sort of build on the story.
But anything with an abbreviation like ETF, most people sort of step back and just go, okay, there's something complicated going on there.
but actually if you just spell out the name exchange traded fund, which is what an ETF is, it is really that it's a fund that trades on the ASX, um, or, uh, an alternative company called Tri-X, but basically it's on an exchange.
Um,
The benefits of that, I guess, just depend on what you want from benefits is that you can, rather than getting an end of day price, which is what a lot of investors do when they buy active funds or managed funds, which are mainly active funds, you basically put in an order, you wait, and then the next day someone delivers you your units, right?
Here, you're actually able to buy here and now at a price that's the actual price here and now.
But a lot of Australian investors, that particular benefit is secondary to what the fund part of the exchange tradability is.
Showing 41–60 of 321 · page 3 of 17
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