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Investment版 - SP500 index fund expense
相关主题
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相关话题的讨论汇总
话题: sp500话题: index话题: expense话题: vinix话题: fund
1 (共1页)
t*m
发帖数: 4414
1
There are many SP500 MFs, e.g VINIX
VINIX's total assets stands at 93.5B with expense ratio 0.05%.
That translates to an annual fee of 46.75 million USD in total.
Are there a lot work to maintain a SP500 funds? 46.75M fee seems like easy
money for Vanguard.
s********z
发帖数: 5411
2
fed can make money with keyboard and that's even easier.

easy

【在 t*m 的大作中提到】
: There are many SP500 MFs, e.g VINIX
: VINIX's total assets stands at 93.5B with expense ratio 0.05%.
: That translates to an annual fee of 46.75 million USD in total.
: Are there a lot work to maintain a SP500 funds? 46.75M fee seems like easy
: money for Vanguard.

X****r
发帖数: 3557
3
Tracking an index accurately is non-trivial. Quoting William Bernstein
in "The four pillars of investing":
'This gets to an important issue, so-called "transactional skill."
Itis often said that a monkey could run an index fund. Nothing could
befurther from the truth. Precisely tracking an index requires a
veryhigh degree of market savvy, discipline, and nerve.'
That said, I suspect a significant portion of the cost comes from
running the business itself, i.e. administrative costs, like record
keeping, customer service, auditing, being compliant with all these
laws and regulations, etc.

easy

【在 t*m 的大作中提到】
: There are many SP500 MFs, e.g VINIX
: VINIX's total assets stands at 93.5B with expense ratio 0.05%.
: That translates to an annual fee of 46.75 million USD in total.
: Are there a lot work to maintain a SP500 funds? 46.75M fee seems like easy
: money for Vanguard.

t*m
发帖数: 4414
4
I agree that tracking an index very accurately could be hard. But is it
necessary?
Say, there are two SP500 index funds, denoted as MF1 and MF2.
MF1 has a strong/expensive manager team and tracks SP500 very well, with the
correlation rho^2 at 0.995 (before any fees charged). And it's expense ratio is 0.1%
MF2 has an OK manager team and tracks SP500 fairly good, with the
correlation rho^2 at 0.985 (before any fees charged). It's expense ratio is 0.05%
In long run, will MF1 outperform MF2?

【在 X****r 的大作中提到】
: Tracking an index accurately is non-trivial. Quoting William Bernstein
: in "The four pillars of investing":
: 'This gets to an important issue, so-called "transactional skill."
: Itis often said that a monkey could run an index fund. Nothing could
: befurther from the truth. Precisely tracking an index requires a
: veryhigh degree of market savvy, discipline, and nerve.'
: That said, I suspect a significant portion of the cost comes from
: running the business itself, i.e. administrative costs, like record
: keeping, customer service, auditing, being compliant with all these
: laws and regulations, etc.

s******t
发帖数: 12883
5
I think 10 people is enough for index fund.

easy

【在 t*m 的大作中提到】
: There are many SP500 MFs, e.g VINIX
: VINIX's total assets stands at 93.5B with expense ratio 0.05%.
: That translates to an annual fee of 46.75 million USD in total.
: Are there a lot work to maintain a SP500 funds? 46.75M fee seems like easy
: money for Vanguard.

s******t
发帖数: 12883
6
还有ecb可以公然图利银行, 以1%的利率借出5000亿欧元, 让银行去赚利差。
所以我觉得搞金融和证券的是最邪恶的。

【在 s********z 的大作中提到】
: fed can make money with keyboard and that's even easier.
:
: easy

N*C
发帖数: 1987
7
刺激经济,很正常。

【在 s******t 的大作中提到】
: 还有ecb可以公然图利银行, 以1%的利率借出5000亿欧元, 让银行去赚利差。
: 所以我觉得搞金融和证券的是最邪恶的。

1 (共1页)
相关主题
请教投资SPX指数是自己开账户还是通过401K投?Tax efficient index fund needed, help!
这个portfolio配置如何?是不是大多数的Mutual Fund都是这样的
roth ira fidelity pr vanguard?Expense Ratio的问题
请教:在vanguard怎么找类似的两个MF?why index beats most active funds study is biased
请大家推荐几个好的401k里用的mutual fund吧。。。large cap value是风险最低的股票etf么?
target fund vs sp500Target Date Fund vs. expense ratio 疑问
买指数基金是expense ratio越低越好吗?退休账户钱要变现金吗
[合集] 讲讲index fund 的优缺点,呵呵反大盘的mutual fund,现在是不是时候买一些了啊?
相关话题的讨论汇总
话题: sp500话题: index话题: expense话题: vinix话题: fund