Australian and ASX-listed ETFs like the iShares IVE ETF (ASX: IVE) 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 IVE ETF.
What does the IVE ETF do for a diversified portfolio?
The iShares IVE ETF provides investors with exposure to over 900 companies from Europe, Australia, Asia, and the Far East. This is a low-cost way to access a variety of global companies through a single fund.
The iShares IVE ETF could be used by investors to gain exposure to leading global companies from Europe, Australasia and the Far East, and aims to track the performance of the MSCI EAFE Index, before fees and expenses.
How big is the iShares IVE ETF?
The iShares IVE ETF had $445.25 million of money invested when we last pulled the monthly numbers. Given IVE’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.
IVE ETF fees reviewed
iShares charges investors a yearly management fee of 0.31% for the IVE ETF. This means that if you invested $2,000 in IVE for a full year, you could expect to pay management fees of around $6.20.
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.
Next steps
Even if you like what you see, before diving straight into buying the IVE ETF, please read the ETF’s Product Disclosure Statement (PDS). Also, be sure to take a look at our iShares IVE 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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