I was referring to the commission to purchase, $12 for me. You are right about the expense ratio, but ACINX is actively managed, and I don't plan to have a huge position in it. ACINX has no transaction fee or commission, is my understanding. It does have that minimum purchase of $1000 that I wish wasn't there. And of course it has that closed thing going on which makes this moot for most people.
I'm not saying ETFs are wrong for everyone all the time, I'm just saying for me in my relatively small position, small cap foreign, buying in relatively slowly, especially when I already have ACINX, I don't think a small cap foreign ETF is right for me at the time.
But if I do choose to move things around or make a new investment (that doesn't happen very often) I will keep ETFs in mind, now that you've reminded me about them!
I have most of my equities in index funds (and one index ETF), but I choose to have a little bit in a few actively managed funds like ACINX just in case someone hits the jackpot.
No jackpot yet.