It’s time to run a ruler over iShares S&P Europe ETF (ASX: IEU) and BetaShares FTSE RAFI Australia 200 ETF (ASX: QOZ). The ETFs invest in the International shares and Australian shares sectors/industries, respectively.
The iShares IEU ETF (ASX:IEU)
The iShares IEU ETF provides investors with a broad exposure to leading European companies. This is a low-cost way to access a variety of European companies through a single fund.
According to our most recent data, the IEU ETF had $954.79 million of money invested. With IEU’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 International 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 IEU ETF, read our free ETF investment report once you’re done with this article.
BetaShares QOZ ETF (ASX:QOZ)
The BetaShares QOZ ETF provides exposure to a ‘fundamentally weighted’ index of 200 large Australian shares. This ETF focuses on weighting the portfolio with a focus on ‘economic importance’ rather than market capitalisation, while also aiming to outperform traditional market-cap weighted indices.
With our numbers for December 2021, QOZ’s FUM stood at $403.91 million. Since the QOZ’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.
A look at the QOZ ETF fee load?
BetaShares, the ETF issuer, charges a yearly management fee of 0.004 for the QOZ ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $8.00.
This management fee is below the average for all ETFs on our Best ETFs Australia list of ETFs. However, you might still be able to find a cheaper ETF for less.
Did you know that you get access to our free investment report on Best ETFs Australia? View the free QOZ ETF report by clicking here.
