Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
I'm thinking of gifting some VAS shares to my granddaughter for her 21st birthday. I notice, however, that none of the directors has shares in this ETF. Does this not seem rather strange? Would appreciate your comments and whether you would consider other avenues for initiating an investment plan for a 21 year-old financial newbie.
Hi Jill,
At MM we cannot give personal advice for your granddaughter although we commend your forward thinking.
The VAS ETF simply looks to match the total return (includes dividends) from the ASX300, before fees with a management fee of o.07% – currently as would be expected the 3 largest holdings are 10.4% BHP, 7.8% CBA and 5.6% CSL.
We aren’t surprised that the directors don’t own the ETF, its just an index tracking product and insider ownership is less relevant. It’s a good way of passively investing. The other one to consider would be the IVV, which tracks the S&P 500 in the US.
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