It’s time to run a ruler over iShares Edge MSCI World Minimum Volatility ETF (ASX: WVOL) and VanEck Vectors Gold Miners ETF (ASX: GDX). The ETFs invest across the International shares sector.
The iShares WVOL ETF (ASX:WVOL)
The iShares WVOL ETF provides exposure to the performance of developed share markets that, on the whole, have lower volatility characteristics relative to the broader global developed share markets.
According to our most recent data, the WVOL ETF had $117.93 million of money invested. With WVOL’s total funds under management (FUM) figure over $100 million, the ETF meets our team’s minimum investment criteria for FUM levels. As a general rule, our team draws the line at $100 million for ETFs in the International shares sector because we believe that, relative to smaller ETFs, achieving this amount of FUM lowers the chance that the ETF issuer will close the ETF.
To learn more about the WVOL ETF, read our free ETF investment report once you’re done with this article.
VanEck GDX ETF (ASX:GDX)
The VanEck GDX ETF gives investors exposure to companies from around the world which are involved primarily in gold mining.
With our numbers for Oct 2020, GDX’s FUM stood at $376.88 million. Since the GDX’s FUM is over $100 million, our investing team would say the ETF has met our minimum criteria for the total amount invested, otherwise known as FUM. A very sustainable ETF in the Index sector should be able to scale well and become profitable for the ETF issuer.
Are the fees for the GDX ETF bad?
VanEck, the ETF issuer, charges a yearly management fee of 0.53% for the GDX ETF. Meaning, if you invested $2,000 for a full 12-month period you could expect to pay a base management fee of around $10.60.
The management fee is above the average for all ETFs on our list of ASX ETFs, but keep in mind the ETF may be able to justify the higher price tag with superior performance over time.
Did you know that you get access to our free investment report on Best ETFs Australia? View the free GDX ETF report by clicking here.
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