Infinity Funds

Someone sent the following facts to me, about the there Infinity funds available from Fundsupermart.

I understand that these funds are managed by Vanguard and that charges are less than 0.3%. The local distributor add other charges that bring the expense ratio to about 1.1%.

In my view, an expense ratio of more than 1% is high for an indexed fund. I hope that the distributor can bring down the expense ratio.

INFINITY GLOBAL STOCK INDEX
Fundsupermart's Discounted Initial Sales Charge: 1.0 %
Annual Management Charge: 0.48 %
Annual Management Charge (Mother Fund): 0.29 %
Annual Expense Ratio * 1.17%
Website:
http://www.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=370281

INFINITY EUROPEAN STOCK INDEX
Fundsupermart's Discounted Initial Sales Charge: 1.0 %
Annual Management Charge: 0.48 %
Annual Management Charge (Mother Fund): 0.29 %
Transaction Fee: 0.2%
Annual Expense Ratio: 1.13%
Website:
http://www.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=370282

INFINITY US 500 STOCK INDEX
Fundsupermart's Discounted Initial Sales Charge: 1.0 %
Annual Management Charge: 0.48 %
Annual Management Charge (Mother Fund): 0.23 %
Annual Expense Ratio: 1.09%
Website:
http://www.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=370283