I have mentioned before that the only thing I got from Australian history at school aside from our national preoccupation with celebrating defeat (Gallipoli) and eulogising drunken brawls (Rum Rebellion and Eureka Stockade) was the fact that the people who made the real money from our various gold rushes were the people who sold the miners their various tools. In the past, I have looked at the comparative returns of various indices and companies that manage the underlying exchange. I thought I would take this one step further and look at one of the worlds largest product issuers Blackrock who via their subsidiary iShares have some 800 plus ETFs in their stable. The chart below looks at the performance of BKL versus the S&P500.
As you can see it is not much of a contest so to misuse an old adage it is better to be poacher rather than game keeper.
