In this article, we’ll try to explain why the Magellan Airlie Australian Share Fund (Managed Fund) (ASX: AASF) and VanEck Vectors Gold Miners ETF (ASX: GDX) are two ASX ETFs worth taking a look at in FY21.
Some things you should know about the AASF ETF
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 $289.69 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.
Like the look of the AASF ETF? Grab our ETF free investment report.
The GDX ETF – a quick look for savvy investors
The VanEck GDX ETF gives investors exposure to companies from around the world which are involved primarily in gold mining.
With our numbers for December 2021, GDX’s FUM stood at $466.12 million. Since the GDX’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 GDX ETF fee load?
VanEck, the ETF issuer, charges a yearly management fee of 0.0053 for the GDX ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $10.60.
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.
The VanEck GDX ETF might be one idea for the watchlist but before you go any further, click here to get our full ETF review – it’s free.
So how can you actually invest the GDX ETF? By getting a free brokerage account with Pearler. If you join Pearler in the month of Jun 2022, with your free Pearler account you can buy the GDX ETF and pay $0 in brokerage fees. All you have to do is buy and hold the ETF for 12 months.
You can invest as little as $500 in the GDX ETF to take-up this offer. Sounds pretty good, right? To invest in GDX for $0 brokerage, simply click here to visit Pearler’s website and sign up.
