How ASX investors can use 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.
An investor would invest in this fund if they want to get some exposure to select Australian shares and that with a high conviction approach (i.e. the shares will be picked by the investment team at Airlie).
AASF meets our minimum market cap (FUM) criteria
The Magellan AASF ETF had $289.69 million of money invested when we last pulled the monthly numbers. Given AASF’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 Australian shares sector because we believe that relative to smaller ETFs, achieving this amount of FUM de-risks the ETF.
AASF ETF fees explained
Magellan charges investors a yearly management fee of 0.78% for the AASF ETF. This means that if you invested $2,000 in AASF for a full year, you could expect to pay management fees of around $15.60.
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 AASF, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free Magellan AASF report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the Australian shares sector to compare your options.
