It’s time to run a ruler over Antipodes Partners Global Shares (Quoted Managed Fund) ETF (ASX: AGX1) and iShares S&P Europe ETF (ASX: IEU). The ETFs invest across the International shares sector.
The 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.
According to our most recent data, the AGX1 ETF had $545.93 million of money invested. With AGX1’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 AGX1 ETF, read our free ETF investment report once you’re done with this article.
iShares IEU ETF (ASX:IEU)
The iShares IEU ETF provides investors with a broad exposure to leading European companies. This is a low-cost way to access a variety of European companies through a single fund.
With our numbers for December 2021, IEU’s FUM stood at $954.79 million. Since the IEU’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.
A look at the IEU ETF fee load?
iShares, the ETF issuer, charges a yearly management fee of 0.006 for the IEU ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $12.00.
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 IEU ETF report by clicking here.
