If you’re looking for an ASX ETF in the International shares sector, chances are, the iShares MSCI EAFE ETF (ASX: IVE) is an ETF you’re considering. Here’s what you need to know.
How ASX investors can use the IVE ETF
The iShares IVE ETF provides investors with exposure to over 900 companies from Europe, Australia, Asia, and the Far East. This is a low-cost way to access a variety of global companies through a single fund.
IVE meets our minimum market cap (FUM) criteria
The iShares IVE ETF had $380.83 million of money invested when we last pulled the monthly numbers. Given IVE’s total funds under management (FUM) figure is over $100 million, the ETF has met our minimum criteria for the total amount of money invested, otherwise known as FUM. We draw 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 de-risks the ETF.
IVE ETF fees explained
iShares charges investors a yearly management fee of 0.31% for the IVE ETF. This means that if you invested $2,000 in IVE for a full year, you could expect to pay management fees of around $6.20.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.5% or around $10.00 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.
Putting it all together
If you’re weighing up investing in IVE, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free iShares IVE report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the International shares sector to compare your options.