I've been looking at some of the Index Funds available to US citizens:
They all have very small minimums (~$1,000 with $100 a month deposits), with very small expense ratios (~0.25%)
But when I try and find literally ANYTHING available to Australian's, all I can turn up is Vanguards own Australian site, it's $5000 minimums for all funds, AND, your expense ratios are around 0.9%!
Am I missing something here?
Whenever the topic of index funds gets brought up people seem to just keep mentioning ETFs. I don't want to be paying brokerage fees every time I want to buy in, I want an index fund in Australia that doesn't have outlandish fees and minimums, does anything like the U.S. funds exist?