It’s time to run a ruler over Magellan Airlie Australian Share Fund (Managed Fund) (ASX: AASF) and ETF Securities Physical Gold ETF (ASX: GOLD). The ETFs invest in the Australian shares and Commodities sectors/industries, respectively.
The Airlie Australian Share Fund (Managed Fund) (ASX:AASF)
The Airlie Australian Share Fund invests in 15-35 companies on the Australian stock exchange using a ‘best ideas’ approach to active investing. The fund aims to have no more than 10% of its portfolio in cash. The AASF fund aims to provide long-term capital growth and regular income to their investors.
According to our most recent data, the AASF ETF had $128.4 million of money invested. With AASF’s total funds under management (FUM) figure over $100 million, the ETF meets our team’s minimum investment criteria for FUM levels. As a general rule, our team draws 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 lowers the chance that the ETF issuer will close the ETF.
To learn more about the AASF ETF, read our free ETF investment report once you’re done with this article.
ETF Securities GOLD ETF (ASX:GOLD)
The ETFS GOLD ETF provides investors with access to the precious metal of gold, by seeking to achieve a return equivalent to the movements in the gold spot price, before fees and expenses.
With our numbers for July 2021, GOLD’s FUM stood at $2195.06 million. Since the GOLD’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 Index sector should be able to scale well and become profitable for the ETF issuer.
Are the fees for the GOLD ETF bad?
ETF Securities, the ETF issuer, charges a yearly management fee of 0.40% for the GOLD ETF. Meaning, if you invested $2,000 for a full 12-month period you could expect to pay a base management fee of around $8.00.
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 GOLD ETF report by clicking here.
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