Don’t you wonder if now is the time to start analysing the BetaShares Australia Top 20 Equity Yield Max Fund (Managed Fund) ETF (ASX: YMAX) and BetaShares Global Agriculture ETF – Currency Hedged ETF (ASX: FOOD)? These Exchange-Traded Funds (ETFs) aim to provide exposure to the Australian shares and International shares sectors, respectively.
Is the YMAX ETF a good investment? Here’s where you start…
The BetaShares YMAX ETF is an actively managed portfolio of Australia’s top 20 blue-chip companies, designed to maximise income by using covered calls.
According to our most recent data, the YMAX ETF had $335.68 million of money invested. With YMAX’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.
Get our team’s YMAX ETF review, available free when you click this link: access the free investment report.
A quick take of the FOOD ETF
The BetaShares FOOD ETF provides investors with exposure to the performance of the largest agricultural companies in the world (excluding Australia), hedged into Australian dollars.
With our numbers for December 2021, FOOD’s FUM stood at $60.83 million. Given it has less than $100 million invested, ask yourself (or your adviser) if the ETF is still too small (and if you should wait to buy into it). If you’re concerned the ETF might not be established enough, compare it alongside one of the other Index sector ETFs, using our full list of ETFs.
A look at the FOOD ETF fee load?
BetaShares, the ETF issuer, charges a yearly management fee of 0.0057 for the FOOD ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $11.40.
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: you can get our full ETF review of FOOD by clicking here?
