Online banking service RaboPlus has added eight Vanguard index funds to its online managed funds platform, as it expects investors to switch from actively managed funds to index funds.
"We expect to see some actively managed funds being replaced by index funds as investors try to strip out fees in order to achieve better long-term net performance," RaboPlus investments manager Tim Hewson said.
"We have already had significant interest in index funds from SMSF (self-managed superannuation fund) investors, so we expect Vanguard's funds to be very well received," Hewson said.
The Vanguard funds that have been added are the Australian Shares Index Fund, Australian Shares High Yield Fund, International Shares Index Fund, International Shares Index Fund (Hedged), Australian Fixed Interest Index Fund, International Fixed Interest Index Fund (Hedged), Australian Property Securities Index Fund and International Property Securities Index Fund (Hedged).
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