Is the UMAX ETF a good investment? Here’s where you start…
The BetaShares UMAX ETF is an actively managed portfolio that provides investors with exposure to US equities, with a focus on enhancing the ETFs dividend yield using a âcovered callâ strategy.
According to our most recent data, the UMAX ETF had $125.8 million of money invested. With UMAX’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.
Get our team’s UMAX ETF review, available free when you click this link: access the free investment report.
A quick take of the XARO ETF
The ActiveX Ardea XARO Fund provides investors with exposure to an actively managed portfolio of fixed income products, particularly government bonds, while implementing risk management strategies that aim to provide protection from interest rate fluctuations and general market volatility.
With our numbers for July 2022, XARO’s FUM stood at $857.74 million. Since the XARO’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 XARO ETF fee load?
Fidante Partners Limited, the ETF issuer, charges a yearly management fee of 0.5% for the XARO ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $10.00.
This management fee is below the average for all ETFs on our Best ETFs Australia list of ETFs. However, you might still be able to find a cheaper ETF for less.
Did you know: you can get our full ETF review of XARO by clicking here?
