If you’re looking for an ASX ETF in the International shares sector, chances are, the BetaShares Global Energy Companies ETF – Currency Hedged ETF (ASX: FUEL) is an ETF you’re considering. Here’s what you need to know.
How ASX investors can use the FUEL ETF
The BetaShares FUEL ETF provides investors with exposure to the performance of the largest energy companies around the world, hedged into Australian dollars.
(ASX: FUEL)
FUEL meets our minimum market cap (FUM) criteria
The BetaShares FUEL ETF had $361.45 million of money invested when we last pulled the monthly numbers. Given FUEL’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.
FUEL ETF fees explained
BetaShares charges investors a yearly management fee of 0.57% for the FUEL ETF. This means that if you invested $2,000 in FUEL for a full year, you could expect to pay management fees of around $11.40.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.51% or around $10.20 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.
Putting it all together
If you’re weighing up investing in FUEL, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free BetaShares FUEL report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the International shares sector to compare your options.
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