If you’re looking for an ASX ETF in the International shares sector, chances are, the SPDR S&P World ex Australian Fund ETF (ASX: WXOZ) is an ETF you’re considering. Here’s what you need to know.
How ASX investors can use the WXOZ ETF
The SPDR WXOZ Fund invests in shares of larger companies listed on stock markets outside of Australia, without hedging.
WXOZ could be used by an Australian investor to get exposure to the medium and large companies listed on stock markets throughout the world, including the USA, Japan, UK and Europe.
WXOZ meets our minimum market cap (FUM) criteria
The SPDR WXOZ ETF had $301.04 million of money invested when we last pulled the monthly numbers. Given WXOZ’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.
WXOZ ETF fees explained
SPDR charges investors a yearly management fee of 0.30% for the WXOZ ETF. This means that if you invested $2,000 in WXOZ for a full year, you could expect to pay management fees of around $6.00.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.51% or around $10.20 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 WXOZ, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free SPDR WXOZ report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the International shares sector to compare your options.
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