It’s time to run a ruler over SPDR S&P/ASX 200 ETF (ASX: STW) and Antipodes Partners Global Shares (Quoted Managed Fund) ETF (ASX: AGX1). The ETFs invest in the Australian shares and International shares sectors/industries, respectively.
The SPDR STW ETF (ASX:STW)
The SPDR STW ETF is Australia’s first ETF and has been operating for over 15 years. STW provides exposure to the largest 200 Australian shares, based on market capitalisation. This is a low-cost way to access top Australian companies through a single fund.
According to our most recent data, the STW ETF had $4221.53 million of money invested. With STW’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 Australian 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 STW ETF, read our free ETF investment report once you’re done with this article.
Antipodes Partners AGX1 ETF (ASX:AGX1)
The Antipodes AGX1 is an actively managed portfolio of global equities, which focuses on building a concentrated fund of undervalued companies.
With our numbers for Dec 2020, AGX1’s FUM stood at $27.58 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 Active ETF (e.g. ETMF) sector ETFs, using our full list of ETFs.
Are the fees for the AGX1 ETF bad?
Antipodes Partners, the ETF issuer, charges a yearly management fee of 1.10% for the AGX1 ETF. Meaning, if you invested $2,000 for a full 12-month period you could expect to pay a base management fee of around $22.00.
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 AGX1 ETF report by clicking here.