Is the FLOT ETF a good investment? Here’s where you start…
The VanEck FLOT ETF gives investors exposure to a portfolio of Australian dollar-denominated floating rate bonds of investment-grade quality.
According to our most recent data, the FLOT ETF had $386.7 million of money invested. With FLOT’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 Fixed interest – Australia 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 FLOT ETF review, available free when you click this link: access the free investment report.
A quick take of the INIF ETF
The Intelligent Investor INIF Fund is an actively managed ETF, with a focus on a research-led, value investing approach. This fund also focuses on providing investors with exposure to companies with a sustainable income yield.
With our numbers for July 2022, INIF’s FUM stood at $71.54 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 Active ETF (e.g. ETMF) sector ETFs, using our full list of ETFs.
A look at the INIF ETF fee load?
InvestSMART, the ETF issuer, charges a yearly management fee of 0.97% for the INIF ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $19.40.
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 INIF by clicking here?
