The Australian ETF industry seems to be growing faster by the day, and one of the ETFs you might have your eye is the Fidelity Global Emerging Markets Fund (Managed Fund) ETF (ASX: FEMX). In this article, we’ll provide a quick review of the FEMX ETF.
1. Exposure
The Fidelity FEMX Fund provides investors with exposure to the performance of emerging market companies. The Fidelity Global Emerging Markets Fund is a managed fund that has been operating since 2013. It listed on the ASX in October 2018, making it easier for investors to enter and exit the fund.
2. Funds under management (FUM)
The Fidelity FEMX ETF had $166.36 million of money invested when we last pulled the monthly numbers. Given FEMX’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.
3. Management fees & costs matter
Fidelity charges investors a yearly management fee of 0.99% for the FEMX ETF. This means that if you invested $2,000 in FEMX for a full year, you could expect to pay management fees of around $19.80.
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.
What now?
These are just some of the considerations or factors you would need to consider when weighing up the FEMX ETF. If you’re looking to do some further digging, be sure to read our Fidelity FEMX report – it’s free. While you’re at it, don’t forget to search our complete list of ASX ETFs. You can filter the results according to sector, issuer, size, and more.
[ls_content_block id=”4954″ para=”paragraphs”]
