Some things you should know about the BBOZ ETF
The BetaShares BBOZ Fund is designed to provide protection from a declining Australian equity market. When the S&P/ASX 200 Accumulation Index falls, BBOZ aims to generate magnified returns for investors.
According to our most recent data, the BBOZ ETF had $270.7 million of money invested. With BBOZ’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 BBOZ 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 July 2022, GDX’s FUM stood at $390.44 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 0.53% 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 Nov 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.
