What is the QRE ETF used for?
The BetaShares QRE ETF provides a targeted exposure to some of the largest companies in the Australian resources sector and aims to track the Solactive Australia Resources Sector Index.
The BetaShares QRE ETF could be used by investors looking to invest in the Australian resources sector, which is a substantial contributor to the Australian economy. These companies are likely to grow their profits over time and pay regular tax-effective dividends to their shareholders.
Keep an eye on FUM
The BetaShares QRE ETF had $111.86 million of money invested when we last pulled the monthly numbers. Given QRE’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.
Fees and costs for investors
BetaShares charges investors a yearly management fee of 0.34% for the QRE ETF. This means that if you invested $2,000 in QRE for a full year, you could expect to pay management fees of around $6.80.
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.
Summary
These are just some of the considerations or factors you would need to look at when weighing up the QRE ETF. Before doing anything, take a look at our BetaShares QRE report – it’s free. While you’re at it, don’t forget to search our complete list of ASX ETFs.
