Are the MKAX and HEUR ETFs worth keeping tabs on in Nov?

It’s time to run a ruler over Montaka Montaka Global Extension Fund (ASX: MKAX) and BetaShares Europe ETF – Currency Hedged ETF (ASX: HEUR). The ETFs invest across the International shares sector.

The Montaka Global Extension Fund (ASX:MKAX)

The Montaka Global Extension fund is a listed managed fund which aims to offer investors exposure to long-term structural winning companies in attractive industries. Typically, the MKAX fund aims to hold 15 to 30 long positions in companies which are medium to large cap, together with 10-40 stock-specific short positions.

According to our most recent data, the MKAX ETF had $40.57 million of money invested. Given its funds under management (also known as FUM or ‘market cap’) is less than $100 million, you should consider if this ETF is still too small and if it is sustainable for the ETF issuer. At Best ETFs we say an ETF with more than $100 million invested is typically more sustainable than one with less than $100 million (at least). However, there are exceptions to this general rule, especially if the ETF issuer/provider is reputable and committed to growing the ETF’s FUM through effective marketing strategies and distribution to financial advisers.

To learn more about the MKAX ETF, read our free ETF investment report once you’re done with this article.

BetaShares HEUR ETF (ASX:HEUR)

The BetaShares HEUR ETF provides investors with exposure to the largest companies from within the Eurozone, while also generating a large portion of their revenues outside the Eurozone.

With our numbers for Oct 2020, HEUR’s FUM stood at $23.15 million. Given it has less than $100 million invested, ask yourself (or your adviser) if the ETF is still too small (and if you should wait to buy into it). If you’re concerned the ETF might not be established enough, compare it alongside one of the other Index sector ETFs, using our full list of ETFs.

Are the fees for the HEUR ETF bad?

BetaShares, the ETF issuer, charges a yearly management fee of 0.56% for the HEUR ETF. Meaning, if you invested $2,000 for a full 12-month period you could expect to pay a base management fee of around $11.20.

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 HEUR ETF report by clicking here.

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