What does the QRE ETF do for a diversified portfolio?
The BetaShares QRE ETF provides a targeted exposure to some of the largest companies in the Australian resources sector and aims to track the Solactive Australia Resources Sector Index.
The BetaShares QRE ETF could be used by investors looking to invest in the Australian resources sector, which is a substantial contributor to the Australian economy. These companies are likely to grow their profits over time and pay regular tax-effective dividends to their shareholders.
How big is the BetaShares QRE ETF?
The BetaShares QRE ETF had $111.86 million of money invested when we last pulled the monthly numbers. Given QRE’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 Australian shares sector because we believe that relative to smaller ETFs, achieving this amount of FUM de-risks the ETF.
QRE ETF fees reviewed
BetaShares charges investors a yearly management fee of 0.34% for the QRE ETF. This means that if you invested $2,000 in QRE for a full year, you could expect to pay management fees of around $6.80.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.5% or around $10.00 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.
Next steps
Even if you like what you see, before diving straight into buying the QRE ETF, please read the ETF’s Product Disclosure Statement (PDS). Also, be sure to take a look at our BetaShares QRE report for a more comprehensive overview of this ETF. While you’re on our website, use our complete list of ASX ETFs to search for a few different ETFs in the sector and conduct a side-by-side comparison using everything you’ve learned here.