Find out what the ETF does
The BetaShares FAIR ETF provides exposure to the largest Australian shares and focuses on companies which operate ethically. FAIR has been certified by the Responsible Investment Association Australasia (RIAA), as part of the Responsible Investment Certification Program.
The BetaShares FAIR ETF could be used by investors to get exposure to a narrow (less than 100) basket of Australia’s largest public companies, that meet certain sustainability and ethical standards. These companies are likely to grow their profit over time and pay regular tax-effective dividends to their shareholders.
FAIR’s FUM meets our hurdle
The BetaShares FAIR ETF had $1233.39 million of money invested when we last pulled the monthly numbers. Given FAIR’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.
Pay attention to yearly costs & fees
BetaShares charges investors a yearly management fee of 0.49% for the FAIR ETF. This means that if you invested $2,000 in FAIR for a full year, you could expect to pay management fees of around $9.80.
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.
Our takeaway
If you’re thinking about investing in FAIR, bear in mind that this is just an introductory glance at the ETF. To explore further, check out our free BetaShares FAIR report. And for good measure, search our complete list of ASX ETFs for similar ETFs in the Australian shares sector to do a good comparison.
