How the AGX1 ETF fits into an ASX portfolio
The Antipodes AGX1 is an actively managed portfolio of global equities, which focuses on building a concentrated fund of undervalued companies.
AGX1 could be used by investors to gain exposure to global equities, in a portfolio that follows the strategy of the Antipodes Global Fund.
AGX1 meets our minimum level for FUM
The Antipodes Partners AGX1 ETF had $346.09 million of money invested when we last pulled the monthly numbers. Given AGX1’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.
What about management fees and costs?
Antipodes Partners charges investors a yearly management fee of 1.10% for the AGX1 ETF. This means that if you invested $2,000 in AGX1 for a full year, you could expect to pay management fees of around $22.00.
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
Before buying any ETF based on what you read here on Best ETFs, check out our Antipodes Partners AGX1 report – it’s completely free! Then, search our complete list of ASX ETFs to do a proper side-by-side comparison of your chosen sector or thematic.