What does the ATEC ETF do for a diversified portfolio?
The BetaShares ATEC ETF provides exposure to the top Australian technology companies that are listed on the ASX. This is a low-cost way to access the Australian technology sector through a single fund.
The BetaShares ATEC ETF could be used by investors looking to gain specific exposure to Australia’s technology sector. Navigating away from the largest ASX companies removes a lot of the exposure to the financial and resource sectors, and could diversify your Australian portfolio allocation.
How big is the BetaShares ATEC ETF?
The BetaShares ATEC ETF had $151.18 million of money invested when we last pulled the monthly numbers. Given ATEC’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.
ATEC ETF fees reviewed
BetaShares charges investors a yearly management fee of 0.48% for the ATEC ETF. This means that if you invested $2,000 in ATEC for a full year, you could expect to pay management fees of around $9.60.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.5% or around $10.00 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.
Next steps
Even if you like what you see, before diving straight into buying the ATEC ETF, please read the ETF’s Product Disclosure Statement (PDS). Also, be sure to take a look at our BetaShares ATEC report for a more comprehensive overview of this ETF. While you’re on our website, use our complete list of ASX ETFs to search for a few different ETFs in the sector and conduct a side-by-side comparison using everything you’ve learned here.
