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LGS adds 15 new ETFs
Responding to the growth of the exchange traded fund (ETF) market in the country, Local Government Super (LGS) has added 15 new ETFs to its DIY investment option.
This addition increases its number of ETFs available to 28.
LGS chief executive, Peter Lambert, said the addition was driven by members' desire for more choice and control, allowing them to further diversify their portfolios and providing easy access to these new opportunities.
"ETFs are a popular and effective investment option, combining the investment advantages of a managed fund with the ease and cost-effectiveness of share trading," Lambert said.
"We've been keeping a close eye on what's available with a view to opening this door for members who want to be more hands-on with their retirement savings."
Lambert noted members would be offered ETFs from providers such as Vanguard, Russell, and BetaShares.
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