I saw this today:
This week REST Super launched a suite of index funds that have 0% fees:
Australian Shares Index Fund – which tracks the 300 biggest companies in Australia (think the banks, Woolies, CSL, Sydney Airport).
Overseas Shares Index Fund – which tracks 1,576 of the biggest companies in the world (think Amazon, Alphabet (Google), Berkshire Hathaway, and Toyota ... though no tobacco stocks, which this fund has chosen to strip out). Dividends are reinvested in Aussie dollars.
Balanced Index Fund, which consists of 30% Australian shares, 45% overseas shares, 20% bonds and 5% cash.
(Technical point: REST is using Macquarie Bank’s True Index funds, which use derivatives to manage their portfolio. REST say they have done their due diligence, and are comfortable with the risk).