The BetaShares Europe ETF – Currency Hedged ETF (ASX:HEUR)
The BetaShares HEUR ETF provides investors with exposure to the largest companies from within the Eurozone, while also generating a large portion of their revenues outside the Eurozone.
According to our most recent data, the HEUR ETF had $41.79 million of money invested. Given its funds under management (also known as FUM or ‘market cap’) is less than $100 million, you should consider if this ETF is still too small and if it is sustainable for the ETF issuer. At Best ETFs we say an ETF with more than $100 million invested is typically more sustainable than one with less than $100 million (at least). However, there are exceptions to this general rule, especially if the ETF issuer/provider is reputable and committed to growing the ETF’s FUM through effective marketing strategies and distribution to financial advisers.
To learn more about the HEUR ETF, read our free ETF investment report once you’re done with this article.
Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) ETF (ASX:MICH)
The Magellan MICH Fund is an actively-managed portfolio that invests in a select array of international infrastructure companies. The fund typically selects between 20-40 global equities from the infrastructure sector and hedges its exposure against the Australian dollar to manage currency risks.
With our numbers for July 2022, MICH’s FUM stood at $878.86 million. Since the MICH’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 Infrastructure sector should be able to scale well and become profitable for the ETF issuer.
A look at the MICH ETF fee load?
Magellan, the ETF issuer, charges a yearly management fee of 1.06% for the MICH ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $21.20.
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 MICH ETF report by clicking here.
