What is the HACK ETF used for?
The BetaShares HACK ETF provides investors with exposure to the performance of the world’s largest companies involved in cybersecurity – a sector with strong growth prospects as businesses begin to place an increasing emphasis on cybersecurity and the protection of data.
The BetaShares HACK ETF could be used by investors looking for tactical exposure to the performance of the world’s largest companies operating in the cybersecurity industry, which broadly includes companies involved in building, implementing and managing security protocols for private and public networks.
Keep an eye on FUM
The BetaShares HACK ETF had $624.87 million of money invested when we last pulled the monthly numbers. Given HACK’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 International shares sector because we believe that relative to smaller ETFs, achieving this amount of FUM de-risks the ETF.
Fees and costs for investors
BetaShares charges investors a yearly management fee of 0.67% for the HACK ETF. This means that if you invested $2,000 in HACK for a full year, you could expect to pay management fees of around $13.40.
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.
Summary
These are just some of the considerations or factors you would need to look at when weighing up the HACK ETF. Before doing anything, take a look at our BetaShares HACK report – it’s free. While you’re at it, don’t forget to search our complete list of ASX ETFs.
