Australian and ASX-listed ETFs like the SPDR WXOZ ETF (ASX: WXOZ) are gaining more attention than ever because of how easy they make it for investors to get exposure to the International shares sector. Here’s a quick review of the WXOZ ETF.
What does the WXOZ ETF do for a diversified portfolio?
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.
How big is the SPDR WXOZ ETF?
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 reviewed
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.
Next steps
Even if you like what you see, before diving straight into buying the WXOZ ETF, please read the ETF’s Product Disclosure Statement (PDS). Also, be sure to take a look at our SPDR WXOZ report for a more comprehensive overview of this ETF. While you’re on our website, use our complete list of ASX ETFs to search for a few different ETFs in the sector and conduct a side-by-side comparison using everything you’ve learned here.
