It’s time to run a ruler over Vaneck MSCI Australian Sustainable Equity ETF (ASX: GRNV) and Platinum Funds Management Asia Fund (Quoted Managed Hedge Fund) ETF (ASX: PAXX). The ETFs invest in the Australian shares and International shares sectors/industries, respectively.
The Vaneck GRNV ETF (ASX:GRNV)
For a diversified portfolio of sustainable Australian companies, the VanEck GRNV ETF may be of interest. This ETF focuses on Australian companies that have high environmental, social and governance (ESG) performance, based on MSCI ESG Research. GRNV has been certified by the Responsible Investment Association Australasia (RIAA), as part of the Responsible Investment Certification Program.
According to our most recent data, the GRNV ETF had $103.49 million of money invested. With GRNV’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 GRNV ETF, read our free ETF investment report once you’re done with this article.
Platinum Funds Management PAXX ETF (ASX:PAXX)
The Platinum PAXX Fund is an actively-managed fund that invests in a diversified portfolio of Asian companies, excluding Japan. The fund typically selects between 50-100 Asian companies that the investment team at Platinum believe to be undervalued by the market.
With our numbers for December 2021, PAXX’s FUM stood at $133.62 million. Since the PAXX’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 Active ETF (e.g. ETMF) sector should be able to scale well and become profitable for the ETF issuer.
A look at the PAXX ETF fee load?
Platinum Funds Management, the ETF issuer, charges a yearly management fee of 0.011 for the PAXX ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a 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 PAXX ETF report by clicking here.
