How ASX investors can use the OOO ETF
The BetaShares OOO ETF provides investors with exposure to crude oil futures, hedged into Australian dollars.
The BetaShares OOO ETF could be used by investors to take a view on oil prices in the future or to diverisify a portfolio with the commodity of oil.
OOO meets our minimum market cap (FUM) criteria
The BetaShares OOO ETF had $180.12 million of money invested when we last pulled the monthly numbers. Given OOO’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 Commodities sector because we believe that relative to smaller ETFs, achieving this amount of FUM de-risks the ETF.
OOO ETF fees explained
BetaShares charges investors a yearly management fee of 1.29% for the OOO ETF. This means that if you invested $2,000 in OOO for a full year, you could expect to pay management fees of around $25.80.
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 OOO, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free BetaShares OOO report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the Commodities sector to compare your options.
