It’s time to run a ruler over BetaShares FTSE RAFI Australia 200 ETF (ASX: QOZ) and BetaShares Managed Risk Global Share Fund (Managed Fund) ETF (ASX: WRLD). The ETFs invest in the Australian shares and International shares sectors/industries, respectively.
The BetaShares QOZ ETF (ASX:QOZ)
The BetaShares QOZ ETF provides exposure to a ‘fundamentally weighted’ index of 200 large Australian shares. This ETF focuses on weighting the portfolio with a focus on ‘economic importance’ rather than market capitalisation, while also aiming to outperform traditional market-cap weighted indices.
According to our most recent data, the QOZ ETF had $403.91 million of money invested. With QOZ’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 QOZ ETF, read our free ETF investment report once you’re done with this article.
BetaShares WRLD ETF (ASX:WRLD)
The BetaShares WRLD ETF provides investors with exposure to an actively managed portfolio of global shares, seeking to reduce volatility and defend against losses in declining markets.
With our numbers for December 2021, WRLD’s FUM stood at $35.44 million. Given it has less than $100 million invested, ask yourself (or your adviser) if the ETF is still too small (and if you should wait to buy into it). If you’re concerned the ETF might not be established enough, compare it alongside one of the other Hedge fund sector ETFs, using our full list of ETFs.
A look at the WRLD ETF fee load?
BetaShares, the ETF issuer, charges a yearly management fee of 0.0054 for the WRLD ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $10.80.
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 WRLD ETF report by clicking here.