Australian and ASX-listed ETFs like the BetaShares HACK ETF (ASX: HACK) are gaining more attention than ever because of how easy they make it for investors to get exposure to the International shares sector. Here’s a quick review of the HACK ETF.
What does the HACK ETF do for a diversified portfolio?
The BetaShares HACK ETF provides investors with exposure to the performance of the world’s largest companies involved in cybersecurity – a sector with strong growth prospects as businesses begin to place an increasing emphasis on cybersecurity and the protection of data.
How big is the BetaShares HACK ETF?
The BetaShares HACK ETF had $277.99 million of money invested when we last pulled the monthly numbers. Given HACK’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.
HACK ETF fees reviewed
BetaShares charges investors a yearly management fee of 0.67% for the HACK ETF. This means that if you invested $2,000 in HACK for a full year, you could expect to pay management fees of around $13.40.
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 HACK ETF, please read the ETF’s Product Disclosure Statement (PDS). Also, be sure to take a look at our BetaShares HACK 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.
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