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A recent study conducted by Carne Group, a prominent figure in the fund regulation and governance solutions sector for the asset management industry, has highlighted a significant shift in the strategies of fund managers towards overseas markets for capital raising.

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According to the study, a vast majority, approximately 96%, of alternative asset, equity, and fixed income fund managers from ten countries, managing a collective $1.6 trillion, have revealed their intentions to focus more on international markets to raise capital in 2024.

In an intriguing development, nearly 18% of US fund managers surveyed indicated their plans to raise capital in Continental Europe for the first time this year, with this number rising to 30% among UK fund managers. Furthermore, 34% of US fund managers have expressed their intentions to seek funding in the UK for the first time. On the European front (excluding the UK), 33% of fund managers surveyed indicated their plans to raise capital in the UK within the next 12 months, a move facilitated by the UK Government’s recent declaration that EU states are now equivalent to the UK under its Overseas Funds Regime, allowing EU UCITS funds to be marketed to UK retail investors.

The survey also forecasted a substantial increase in fundraising activities across various sectors of the fund management industry in 2024 compared to 2023. A considerable 83% of fund managers anticipate an upswing in real estate fund managers' fundraising levels in 2024. Similarly, 78% expect private equity funds to raise more capital this year than the previous one, with the figures for private debt and hedge funds standing at 66% and 56% respectively.

John Donohoe, CEO at Carne Group, commented on the findings stating, "2024 looks like it will be a very busy year for fund managers raising capital. Our research shows that many are looking to focus on new markets to do this, and they will use a number of channels to help raise capital." He further elaborated on the potential of established fund hubs like Luxembourg and Ireland, noting they "are already well-established fund hubs for UCITS and alternative investment fund (AIF) structures. These European funds are also effective structures to raise capital from UK, APAC, and Middle Eastern investors."

The data underscores the burgeoning trend among fund managers to explore new territories for capital opportunities, particularly in Europe, while also reflecting a broader anticipation of growth across various sectors of the fund management industry in the coming year.

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A recent study conducted by Carne Group, a prominent figure in the fund regulation and governance solutions sector for the asset management industry, has highlighted a significant shift in the strategies of fund managers towards overseas markets for capital raising.

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Equity Trustees has witnessed a noteworthy advancement in its financial standing, marked by substantial increases in revenue and funds under management, administration, and supervision (FUMAS), according to its latest financial report for the half-year ending December 31, 2023.

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The company's revenue reached $83.9 million, marking an 8.1% increment from the previous half and a 37.3% rise from the prior corresponding period (PCP). FUMAS saw an 18.0% increase from PCP, totaling $183.5 billion.

The underlying net profit for the company was reported at $17.9 million, showing a 24.8% rise on PCP, while the statutory net profit stood at $12.6 million, factoring in expenses related to the integration of Australian Executor Trustees (AET), technology transformation, and the impacts of exiting the UK/Ireland operations.

Equity Trustees declared a fully franked interim dividend of 51 cents per share, witnessing an increase from the previous distributions.

Carol Schwartz AO, Board Chair, expressed her views on the company’s progress stating, "Equity Trustees continues to grow, becoming a stronger and more diversified business following our acquisition of AET and several years of significant investment in technology and people." She highlighted the role of empowered employees and new technology platforms in driving future growth and solidifying the company's leadership in trustee services in Australia.

Mick O’Brien, Managing Director, echoed the positive sentiment, mentioning, "The year is off to an encouraging start, with strong uplifts in FUMAS and revenue across all our business lines." He detailed the successful integration of AET and the enhancement of the business's structure and technological platforms which are expected to bolster growth.

Further insights were provided into the company's expense management, showing a rise attributed to inflationary pressures and ongoing investments in personnel and technology. However, a decrease in expense growth is anticipated following the completion of major integration and technology developments, along with the stabilization of employment vacancy rates.

The report also showcases the performance of specific sectors within the company. The Corporate & Superannuation Trustee Services (CSTS) reported a 14.2% revenue increase on PCP to $34.5 million, benefiting from organic growth and positive market contributions. The Trustee & Wealth Services (TWS) segment witnessed a revenue boost of 60.6% on PCP to $49.5 million, driven by organic growth and contributions from the AET acquisition.

O’Brien remained optimistic about the outlook, emphasizing a strong operating cash flow and a robust balance sheet that positions the company well for continued growth and a more sustainable future. He concluded, "The investments we have made provide us with a strong competitive foundation and position us well for continued growth and a stronger more sustainable future."

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Equity Trustees has witnessed a noteworthy advancement in its financial standing, marked by substantial increases in revenue and funds under management, administration, and supervision (FUMAS), according to its latest financial report for the half-year ending December 31, 2023.

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Investing can be complex. It involves making financial decisions on how your money is going to be invested and managed over time, as well as figuring out the right strategy for each investment.

There are many different types of investments and strategies that you can do to grow your money, but for some people, it can be overwhelming. 

Before making an investment decision, you need to consider several factors, including the amount of risk you’re willing to take on, how much time you have before needing the money in the future, etc.

And like most things, there are ways to make things easier, even in investing.

 

What is micro-investing?

Micro-investing works by depositing and allocating small amounts of money to be invested in the financial market through funds and fractional stock, which is usually done through a platform or app.

Micro-investing gives individuals the opportunity to grow and diversify their investments without risking a large amount of money. These apps are designed to allow small amounts of savings to be turned into long-term investments by buying a portion of an exchange-traded fund (ETF).

It is a great option for those who don’t have much money and don’t want to keep it in a savings account earning minimal interest rates, for those who don’t know where to start and are totally new to investing, and for those who don’t have the time to monitor and keep track of their investments.

Anyone can do micro-investing! All you have to do is have a debit account and register to any mobile app or platform.

You can treat it as a starting point to learn how to invest, or as a secondary account apart from your existing portfolio. Either way, micro-investing will help you to quickly achieve your financial goals.

 

How do you do it?

Micro-investing allows individuals to buy stocks or bonds at a minimal price or what they can comfortably afford. To get started, all you have to do is sign up for an account from any micro-investing platform or app and register your debit account to easily fund or withdraw profits from your investments.

You’ll be asked to complete a survey that will determine your risk tolerance and financial goals. This will help you discover which exchange-traded funds (ETFs) fits your needs and decide on where to invest.

Micro-investing platforms are similar to online brokers or Robo-advisers, using advanced software to manage your portfolio. They automate how you invest your money, making it easier to grow and diversify your investments.

You can set up direct debits to your account so that every fortnight or month, an automatic transfer happens from your main bank account into the investment account. This means no more forgetting to pay into it because it’s set as a regular recurring payment!

If, for example, your weekly budget is $100, then micro-investing shouldn’t be more than $5 a week. That way, it won’t affect the rest of your budget and will be easy to save up for.

Micro-investors don’t need to be concerned about day-to-day fluctuations in their portfolios because they are not making significant investments. Instead, they can focus on long-term growth while still having access to the returns that a larger investment would provide.

If you want to get started with micro-investing but don’t know where to start with finding an investment strategy that works for you, talk with a financial adviser who will help guide you through the process of choosing investments based on their knowledge of different markets and sectors within each market (such as resources). 

They will also make sure that any money invested stays safe by making sure there are no fraud risks involved in any transactions made between parties involved in transactions involving stocks or bonds, et cetera.

Some micro-investing platforms will offer reading materials on different investment products, important information on the funds they offer, and guidelines on how to navigate their app for free. This can help you jumpstart your research and make due diligence easy for you.

 

The pros and cons of micro-investing

Pros

• Micro-investing is affordable: You don’t need a lot of capital to get started, which means you can buy stocks or bonds for as little as $5 to $10 per trade or how much you can currently afford. Their investment returns are better than the interest rates on a savings account, so you can start small and work your way up as you grow your portfolio.
• Micro-investing is easy: There are many platforms that make it simple to invest in small amounts at any time, so you don’t have to be constantly monitoring your investments. You can get started at any time, just have a bank account ready and register to any of the platforms available.
• Micro-investing is accessible and diversified: You can get a little taste of the stock market and learn about investing and how it works. You can also try different strategies without risking too much money. You also have access to a diverse range of stocks since these apps usually invest in exchange-traded funds (ETFs)
• Micro-investing isn’t just for beginners: It can be used by anyone who wants to keep an eye on their investments without having to spend a lot of time researching stocks and other companies’ financial information.

Cons

• Returns in micro-investing may not be seen right away: Because you’re investing small amounts over time, it can take some time before you see any returns on your investment. This is why it’s important to keep track of how much money you’re making so that you know when it might be worth scaling up your investment or putting more into an existing one (if there are any).
• Micro-investing apps charge high fees: While it depends on the app or platform you use, the fees associated with micro-investing are generally higher than those associated with other options, such as mutual funds or exchange-traded funds (ETFs). Some will charge a monthly or annual fee, or the fees will be based on the account balance. Either way, the fees have a tendency to accumulate and you would end up paying more fees than your profits.
• Micro-investing is risky: The stock market can be volatile, so you could lose money fast — even if it seems like a good investment idea when you first put it out there. If your account is small enough, it will likely be subject to fees and/or minimum requirements that make it hard for you to make money back in the long run without making other investments on top of this one.

 

What are the micro-investing platforms and their fees?

While micro-investing has been around for years, it has only recently become popular due to the rise of online brokerages and apps that allow people with low balances to easily invest their money without paying large fees or minimums on each transaction. 

In addition, there are companies that offer automated services where you set up your account once and then let the service manage your portfolio over time based on an algorithm created by experts in finance who understand how markets work, so you don’t have as much work!

Here are some of the micro-investing platforms to consider that are available in Australia:

 

Raiz

Previously known as Acorns, Raiz is one of the first micro-investing apps that was launched in Australia. For as low as $5, its users can invest in ready-made portfolios within its platform. 

Raiz is best known for a feature where it rounds up your transactions to the nearest dollar, invests the spare change in your account, and automatically reinvests any dividends you earn from your investments.

In terms of fees, it can vary based on which kind of portfolio you invest in and your account balance. They can charge from 0.28 per cent to 0.34 per cent annually for accounts that have a balance of $15,000 and above. For accounts under $15,000, they charge a monthly fee of $3.50 to $4.50.

 

Spaceship

Spaceship is an integrated platform that operates as a managed fund where investors can pool their money, invest in a fund, and earn profits and/or dividends based on their fractional share.

It is specifically designed for non-expert investors to get started with and grow their portfolios. They have no minimum investment and a simple pay structure that charges $2.50 monthly as a management fee for users with an account balance of $100 and above.

 

Commsec Pocket

Commsec Pocket is a micro-investing app from the Commonwealth Bank of Australia (CBA). They offer online and mobile trading solutions aimed at beginners or those who want to invest without having to make a complicated decision on where to invest.

For a minimum investment of $50, you can access its select exchange-traded fund (ETFs) and turn your savings into investments. They charge $2 for every investment transaction, or 0.20 per cent of the trade value if you trade more than $1,000. Its main difference from other online brokers is that it doesn’t charge fees for keeping or managing your account.

 

First Step

For as low as $1, you can start investing with First Step. It is an investment platform that offers a personalised experience by automatically saving for the goals you have set based on your spending habits. Make investing automatic by creating a saving plan and turning it into a habit for the long run.

First Step does not charge brokerage or upfront fees, but it does charge $1.25 per month for accounts that have a balance under $5,500 or 0.28 per cent per annum for accounts with over $5,500. They also offer the first three months for free to students who may not have a lot to save but have all the time to build their wealth.

 s s s s

Is micro-investing worth it?

Micro investing is a good introduction to investing and a useful strategy for saving if you don’t have much upfront. If you are a beginner or a newbie to the game that is investing, then micro-investing is definitely worth it. It is a low-cost way to enter the stock market. You can make a significant amount of money through micro-investing rather than keeping your savings and relying on the interest rates in a bank account. 

If you’re already an experienced investor looking to diversify, then micro-investing will definitely still fit in your portfolio if you are after the convenience it offers. However, you might have to manage your expectations in terms of returns.

Micro-investing is better suited for younger Aussies as it can take a long time for them to build their wealth through micro-investing. It is a great way for them to learn about the market and a stepping stone toward bigger investments that they can venture into once they are ready. 

And as most investments go, there will always be risks associated with micro-investing and it is up to the investor if they will outweigh the potential profits that they can earn. ffgdfgfdg

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, proper" ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2022-05-31 00:00:23" ["slug"]=> string(36) "18367:micro-investing-is-it-worth-it" ["event"]=> object(stdClass)#11399 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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Investing can be complex. It involves making financial decisions on how your money is going to be invested and managed over time, as well as figuring out the right strategy for each investment.

There are many different types of investments and strategies that you can do to grow your money, but for some people, it can be overwhelming. 

Before making an investment decision, you need to consider several factors, including the amount of risk you’re willing to take on, how much time you have before needing the money in the future, etc.

And like most things, there are ways to make things easier, even in investing.

 

What is micro-investing?

Micro-investing works by depositing and allocating small amounts of money to be invested in the financial market through funds and fractional stock, which is usually done through a platform or app.

Micro-investing gives individuals the opportunity to grow and diversify their investments without risking a large amount of money. These apps are designed to allow small amounts of savings to be turned into long-term investments by buying a portion of an exchange-traded fund (ETF).

It is a great option for those who don’t have much money and don’t want to keep it in a savings account earning minimal interest rates, for those who don’t know where to start and are totally new to investing, and for those who don’t have the time to monitor and keep track of their investments.

Anyone can do micro-investing! All you have to do is have a debit account and register to any mobile app or platform.

You can treat it as a starting point to learn how to invest, or as a secondary account apart from your existing portfolio. Either way, micro-investing will help you to quickly achieve your financial goals.

 

How do you do it?

Micro-investing allows individuals to buy stocks or bonds at a minimal price or what they can comfortably afford. To get started, all you have to do is sign up for an account from any micro-investing platform or app and register your debit account to easily fund or withdraw profits from your investments.

You’ll be asked to complete a survey that will determine your risk tolerance and financial goals. This will help you discover which exchange-traded funds (ETFs) fits your needs and decide on where to invest.

Micro-investing platforms are similar to online brokers or Robo-advisers, using advanced software to manage your portfolio. They automate how you invest your money, making it easier to grow and diversify your investments.

You can set up direct debits to your account so that every fortnight or month, an automatic transfer happens from your main bank account into the investment account. This means no more forgetting to pay into it because it’s set as a regular recurring payment!

If, for example, your weekly budget is $100, then micro-investing shouldn’t be more than $5 a week. That way, it won’t affect the rest of your budget and will be easy to save up for.

Micro-investors don’t need to be concerned about day-to-day fluctuations in their portfolios because they are not making significant investments. Instead, they can focus on long-term growth while still having access to the returns that a larger investment would provide.

If you want to get started with micro-investing but don’t know where to start with finding an investment strategy that works for you, talk with a financial adviser who will help guide you through the process of choosing investments based on their knowledge of different markets and sectors within each market (such as resources). 

They will also make sure that any money invested stays safe by making sure there are no fraud risks involved in any transactions made between parties involved in transactions involving stocks or bonds, et cetera.

Some micro-investing platforms will offer reading materials on different investment products, important information on the funds they offer, and guidelines on how to navigate their app for free. This can help you jumpstart your research and make due diligence easy for you.

 

The pros and cons of micro-investing

Pros

• Micro-investing is affordable: You don’t need a lot of capital to get started, which means you can buy stocks or bonds for as little as $5 to $10 per trade or how much you can currently afford. Their investment returns are better than the interest rates on a savings account, so you can start small and work your way up as you grow your portfolio.
• Micro-investing is easy: There are many platforms that make it simple to invest in small amounts at any time, so you don’t have to be constantly monitoring your investments. You can get started at any time, just have a bank account ready and register to any of the platforms available.
• Micro-investing is accessible and diversified: You can get a little taste of the stock market and learn about investing and how it works. You can also try different strategies without risking too much money. You also have access to a diverse range of stocks since these apps usually invest in exchange-traded funds (ETFs)
• Micro-investing isn’t just for beginners: It can be used by anyone who wants to keep an eye on their investments without having to spend a lot of time researching stocks and other companies’ financial information.

Cons

• Returns in micro-investing may not be seen right away: Because you’re investing small amounts over time, it can take some time before you see any returns on your investment. This is why it’s important to keep track of how much money you’re making so that you know when it might be worth scaling up your investment or putting more into an existing one (if there are any).
• Micro-investing apps charge high fees: While it depends on the app or platform you use, the fees associated with micro-investing are generally higher than those associated with other options, such as mutual funds or exchange-traded funds (ETFs). Some will charge a monthly or annual fee, or the fees will be based on the account balance. Either way, the fees have a tendency to accumulate and you would end up paying more fees than your profits.
• Micro-investing is risky: The stock market can be volatile, so you could lose money fast — even if it seems like a good investment idea when you first put it out there. If your account is small enough, it will likely be subject to fees and/or minimum requirements that make it hard for you to make money back in the long run without making other investments on top of this one.

 

What are the micro-investing platforms and their fees?

While micro-investing has been around for years, it has only recently become popular due to the rise of online brokerages and apps that allow people with low balances to easily invest their money without paying large fees or minimums on each transaction. 

In addition, there are companies that offer automated services where you set up your account once and then let the service manage your portfolio over time based on an algorithm created by experts in finance who understand how markets work, so you don’t have as much work!

Here are some of the micro-investing platforms to consider that are available in Australia:

 

Raiz

Previously known as Acorns, Raiz is one of the first micro-investing apps that was launched in Australia. For as low as $5, its users can invest in ready-made portfolios within its platform. 

Raiz is best known for a feature where it rounds up your transactions to the nearest dollar, invests the spare change in your account, and automatically reinvests any dividends you earn from your investments.

In terms of fees, it can vary based on which kind of portfolio you invest in and your account balance. They can charge from 0.28 per cent to 0.34 per cent annually for accounts that have a balance of $15,000 and above. For accounts under $15,000, they charge a monthly fee of $3.50 to $4.50.

 

Spaceship

Spaceship is an integrated platform that operates as a managed fund where investors can pool their money, invest in a fund, and earn profits and/or dividends based on their fractional share.

It is specifically designed for non-expert investors to get started with and grow their portfolios. They have no minimum investment and a simple pay structure that charges $2.50 monthly as a management fee for users with an account balance of $100 and above.

 

Commsec Pocket

Commsec Pocket is a micro-investing app from the Commonwealth Bank of Australia (CBA). They offer online and mobile trading solutions aimed at beginners or those who want to invest without having to make a complicated decision on where to invest.

For a minimum investment of $50, you can access its select exchange-traded fund (ETFs) and turn your savings into investments. They charge $2 for every investment transaction, or 0.20 per cent of the trade value if you trade more than $1,000. Its main difference from other online brokers is that it doesn’t charge fees for keeping or managing your account.

 

First Step

For as low as $1, you can start investing with First Step. It is an investment platform that offers a personalised experience by automatically saving for the goals you have set based on your spending habits. Make investing automatic by creating a saving plan and turning it into a habit for the long run.

First Step does not charge brokerage or upfront fees, but it does charge $1.25 per month for accounts that have a balance under $5,500 or 0.28 per cent per annum for accounts with over $5,500. They also offer the first three months for free to students who may not have a lot to save but have all the time to build their wealth.

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Is micro-investing worth it?

Micro investing is a good introduction to investing and a useful strategy for saving if you don’t have much upfront. If you are a beginner or a newbie to the game that is investing, then micro-investing is definitely worth it. It is a low-cost way to enter the stock market. You can make a significant amount of money through micro-investing rather than keeping your savings and relying on the interest rates in a bank account. 

If you’re already an experienced investor looking to diversify, then micro-investing will definitely still fit in your portfolio if you are after the convenience it offers. However, you might have to manage your expectations in terms of returns.

Micro-investing is better suited for younger Aussies as it can take a long time for them to build their wealth through micro-investing. It is a great way for them to learn about the market and a stepping stone toward bigger investments that they can venture into once they are ready. 

And as most investments go, there will always be risks associated with micro-investing and it is up to the investor if they will outweigh the potential profits that they can earn. ffgdfgfdg

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["alias"]=> string(39) "raiz-vs-spaceship-which-is-better-value" ["introtext"]=> string(223) "

Raiz and Spaceship have become the two biggest apps in the micro-investing space, but which offers a better deal for Aussie investors looking for a hands-off savings strategy?

" ["fulltext"]=> string(4168) "

As micro-investing has become more mainstream, two major names have dominated the field for Australians looking to start their wealth creation journey.

Raiz and Spaceship have become the two biggest brands playing in the micro-investing space, but which offers a better deal for Aussie investors looking for a hands-off savings strategy?

What is Raiz?

Launched under the name Acorns back in 2016, Raiz’s biggest claim to fame was mainstreaming the idea of round-up savings. Both fellow fintechs and big banks have embraced this feature in the years since.

In addition to helping users save money through regular lump sums, Raiz users can connect their other bank accounts. Whenever you spend money via a connected account, the app then rounds that transaction up to the nearest dollar and then transfers that extra amount into your investment account.

Available on both iOS and Android, the Raiz boasts more than 500,000 active customers and $1 billion in funds under management.

Practically, the company operates as a managed investment fund.

Member funds are pooled and then invested as per a thematic portfolio of exchange-traded funds. The app offers six different portfolios of varying risk profiles, including an ESG-friendly Emerald Portfolio and a bitcoin-laced Sapphire Portfolio.

Any dividends earned from your investment are automatically reinvested. Raiz is as set-and-forget as these things come, and that’s a big part of its appeal.

What is Spaceship?

Spaceship is less pitched as a tool for helping you save money and more a gateway drug to the world of investing for those who aren’t super familiar with it but nevertheless keen to put money into companies investing in the future.

Like Raiz, Spaceship operates as a managed fund with an integrated smartphone app. Investors pool their money into the fund and then reap the financial benefits associated with their fractional share of it.

As it only launched in April 2018, Spaceship has a slightly smaller footprint than Raiz. It currently boasts more than 200,000 users, with more than $1 billion in funds under management.

Where Raiz has expanded into home loans and superannuation, Spaceship has remained focused on its core product. For some, that simplicity may prove appealing.

Which is better value?

For most users, the most important detail that separates Raiz from Spaceship is the difference in fee structure.

For Spaceship, customers with a balance of more than $100 face a $2.50 management fee each month. This flat fee structure replaced the previously complex percentage-based one earlier this year.

For Raiz, your fees scale with the number of funds in your account. If your account holds $15,000 or less, you’ll be charged $3.50 a month in fees. So if your balance was $5,000 for the year, you’d be charged $42.

However, this changes once your Raiz balance exceeds $15,000. Instead of the standard fee, you get charged 0.28 per cent a year in fees. For example, if you had $20,000 invested for the year, you’d be charged $55 in fees. 

On the other hand, Raiz accounts with a custom portfolio are charged a higher $4.50 per month. 

Once the funds in an account surpass $20,000, the same 0.28 per cent fee as other accounts applies.

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Raiz and Spaceship have become the two biggest apps in the micro-investing space, but which offers a better deal for Aussie investors looking for a hands-off savings strategy?

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int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(66) "/invest-money/mutual-funds/raiz-vs-spaceship-which-is-better-value" ["image"]=> string(54) "images/article-826x550/Spaceship_investment_app_ne.jpg" ["image_alt"]=> string(17) "RAIZ vs Spaceship" } [4]=> object(stdClass)#10884 (57) { ["id"]=> int(17237) ["title"]=> string(83) "Sold your stocks during the dip last year? Here’s how much it might have cost you" ["alias"]=> string(80) "sold-your-stocks-during-the-dip-last-year-here-s-how-much-it-might-have-cost-you" ["introtext"]=> string(144) "

If you cashed out during last year’s COVID-19 crash, here’s how much it might have cost you.

" ["fulltext"]=> string(3090) "

Holding onto a long-term investment was already hard enough before COVID-19 entered the picture.

However, experts at managed fund Vanguard have claimed that those who panicked and sold amid the losses of March 2020 likely lost out in the long run.   

“The vast majority of investors who cashed out last year would have fared better on the whole if they had left their portfolios untouched,” said Balaji Gopal, head of personal investor at Vanguard. 

As put by Mr Gopal, one of the biggest lessons that investors can learn from the pandemic is that relying on short-term market conditions to drive your financial strategy remains highly risky. 

“On average, investors can expect to see one major attention-grabbing market downturn event every two years, testing an investor’s mettle to stick to a long-term strategy,” he explained. 

Mr Gopal said that there are two big decisions that investors have to get right: when to exit and the market and when to re-enter it. 

“Investment returns are largely determined by asset allocation and an investor’s resolve to stick to it, rather than by the timing of a trade,” he said. 

Vanguard’s annual index chart tracks investment performance across a number of different asset classes and a hypothetical investment of $10,000 in 1991.

Vanguard’s most recent annual index chart found that Australian investors with a stake in the ASX who got cold feet in March 2020 were $55,843 worse off than those who held until June 2021.

Australian investors who dabbled in US stocks would have been even worse off, with potential losses of approximately $60,344.

The message from the managed fund is clear: those who chose to sit out after the early losses of the pandemic missed out on the rebound that followed.

Mr Gopal said that investors will have the best chance of investment success if they are adequately diversified across different asset classes and able to make investment decisions based on clear long-term financial goals, as opposed to market swings or commentary.

“Despite the peaks and troughs, average market returns will trend upwards over time,” he reminded investors.

As put by Vanguard in a report accompanying the fund’s latest index chart, “historical market returns show that those who ignore the emotional swirl of short-term market conditions and focus on the long-term are rewarded for their patience and discipline”.

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, proper" ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2021-08-18 00:29:18" ["slug"]=> string(86) "17237:sold-your-stocks-during-the-dip-last-year-here-s-how-much-it-might-have-cost-you" ["event"]=> object(stdClass)#11421 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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If you cashed out during last year’s COVID-19 crash, here’s how much it might have cost you.

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Consumers should be wary: Fund managers aren’t doing enough to ensure products are “true to label”, with a number of product names not aligning with underlying assets in those funds.

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A statement from the Australian Securities and Investments Commission (ASIC) said recent surveillance had found fund managers “must do more” in ensuring product naming and labelling practices are accurate for consumers.

This is especially pertinent given that during times of market volatility, consumers may be looking for alternate investment options offering regular or higher returns, “and financial product labels are used as a guide for consumers about what they are investing in”, ASIC conceded.

Having examined the appropriateness of product labels used by 37 managed funds, ASIC deputy chair Karen Chester said two significant concerns were raised across a number of products: “First, confusing and inappropriate product labels across 14 ‘cash’ funds with under $7 billion in assets. And second, redemption features not matching the liquidity of underlying assets, with a significant mismatch in three funds with under $1 billion in assets.”

According to ASIC, out of the 22 managed funds that used the term “cash” in their labelling, 14 funds had “confusing or inappropriate labels”.

It reported that some funds that were labelled as cash funds had asset holdings more akin to a bond or diversified fund, which have significantly higher risk and less liquidity compared with a traditional cash fund.

It flagged this as especially prominent in funds using words such as “cash enhanced” and “cash plus” in their labelling.

While the funds reviewed did generally display satisfactory of redemption features with liquidity, “significant mismatch” was seen in a small number of funds.

Ms Chester flagged that managed investment products “are not prudentially regulated or government-guaranteed, so it is paramount that consumers are not misled about the level of risk associated with a particular product”.

She said responsible entities must therefore ensure their products are “true to label”, stating that “this is not a nice-to-have”.

“It’s a must-have for responsible entities in meeting their legal obligations to their investors, especially in terms of market volatility.”

Explaining further, the deputy chair said inappropriate labelling of a fund can mislead investors into believing that the fund is much safer or more liquid than it actually is.

“Put simply, a fund should not use terms such as ‘cash’ or ‘cash enhanced’ unless its assets are predominantly in cash and cash equivalents.”

It comes after a warning to fund managers earlier this year that saw ASIC advise that consumers must only be given “clear, balanced and accurate information”.

At the time, the corporate regulator revealed it had put a number of managed investment schemes on notice. 

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, proper" ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2020-09-23 02:27:41" ["slug"]=> string(61) "15772:true-to-label-warning-again-given-to-fund-managers-asic" ["event"]=> object(stdClass)#11432 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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Consumers should be wary: Fund managers aren’t doing enough to ensure products are “true to label”, with a number of product names not aligning with underlying assets in those funds.

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