Their investors don't know what else to do with their cash.
Getting rich and doing something with the riches involve two different skill sets that most people can't master in one life time.
Getting rich and doing something with the riches involve two different skill sets that most people can't master in one life time.
Obviously you'd never advise someone to put all their eggs in one basket, but in this case, you're comparing identical baskets - and one of them as a hole in the bottom.
Dumping all your money into an ASX200 Index Fund is a lot different to putting it all into Vanguards Total World Stock fund.
In this case, the basket would be equities.
And in that respect, both are plays in the same market for wildly different charging structures.