An ETF is an open-ended investment fund that is traded on the ASX – just like any share. ETFs aim to closely track the performance of a given index or asset class, so ETF investors can gain exposure to a range of investment strategies, geographic regions and asset classes, often at lower costs than a traditional fund manager. ETFs and can be bought as simply as buying a share on the ASX during the trading day. ETFs are also eligible to be bought inside Self-Managed Super Funds.
While its stock ticker –
VNOM – is enough to get your attention, Viper Energy Partners has more than an unconventional acronym behind its stellar performance.
So-called “Dow Theory” teaches that different parts of the market can confirm each other. This is especially true with economically sensitive transportation companies because they often track the business cycle.
Some $1.5 billion of new stock came to market last month, according to data from ClickIPO. It might sound puny compared with recent totals, but it was still the busiest August in five years.
Like its other telco rivals, Telstra operates in an ultra-competitive market with thinning margins and high-capital infrastructure spend. With competitors – including Optus, TPG Telecom Ltd (ASX: TPM) and Vodafone – spending big on new technology and aggressively pursuing new users and as clients become more choosy when it comes to their telco providers, Telstra faces a lot of challenges on several fronts.