How the IXI ETF fits into an ASX portfolio
The iShares IXI ETF provides investors with targeted exposure to global consumer staple companies. Think along the lines of milk, chocolate, soft drink, makeup, clothes and wine.
IXI could be used by investors to gain tactical exposure to the consumer staples sector, which includes a diverse range of companies that produce essential products. This ETF aims to track the S&P Global 1200 Consumer Staples Sector Index, before fees and expenses.
IXI meets our minimum level for FUM
The iShares IXI ETF had $190.59 million of money invested when we last pulled the monthly numbers. Given IXI’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.
What about management fees and costs?
iShares charges investors a yearly management fee of 0.47% for the IXI ETF. This means that if you invested $2,000 in IXI for a full year, you could expect to pay management fees of around $9.40.
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
Before buying any ETF based on what you read here on Best ETFs, check out our iShares IXI report – it’s completely free! Then, search our complete list of ASX ETFs to do a proper side-by-side comparison of your chosen sector or thematic.
