How ASX investors can use the IHOO ETF
The iShares IHOO ETF provides investors with exposure to the largest 100 global companies. This is a low-cost way to access a variety of global companies through a single fund.
The iShares IHOO ETF could be used by investors looking to gain global exposure to equities, while hedging their exposure to the volatility of the Australian dollar on the holdings.
IHOO meets our minimum market cap (FUM) criteria
The iShares IHOO ETF had $154.1 million of money invested when we last pulled the monthly numbers. Given IHOO’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.
IHOO ETF fees explained
iShares charges investors a yearly management fee of 0.43% for the IHOO ETF. This means that if you invested $2,000 in IHOO for a full year, you could expect to pay management fees of around $8.60.
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.
Putting it all together
If you’re weighing up investing in IHOO, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free iShares IHOO report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the International shares sector to compare your options.
