What to know about the Global X TECH ETF
The ETFS TECH ETF provides investors with exposure to the performance of shares in around 30 undervalued competitively-advantaged global technology businesses. Think global social media companies, online or cloud-based platforms, leaders in artificial intelligence, software creators and digital advertisers.
According to our most recent data, the TECH ETF had $295.65 million of money invested. With TECH’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 International shares 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.
Keep learning about the TECH ETF. Click here to access our free ETF review.
The SPDR WXOZ ETF – key points
The SPDR WXOZ Fund invests in shares of larger companies listed on stock markets outside of Australia, without hedging.
With our numbers for July 2022, WXOZ’s FUM stood at $242.11 million. Since the WXOZ’s FUM is over $100 million, our investing team would say the ETF has met our minimum criteria for the total amount invested, otherwise known as FUM. A very sustainable ETF in the Index sector should be able to scale well and become profitable for the ETF issuer.
A look at the WXOZ ETF fee load?
SPDR, the ETF issuer, charges a yearly management fee of 0.18% for the WXOZ ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $3.60.
This management fee is below the average for all ETFs on our Best ETFs Australia list of ETFs. However, you might still be able to find a cheaper ETF for less.
Before rushing out and investing in the WXOZ fund, consider searching our full ETF list to compare the fees and costs of another ETF side-by-side. Another idea might be using our website to get a free but comprehensive investment review on WXOZ.
