What is the WXOZ ETF used for?
The SPDR WXOZ Fund invests in shares of larger companies listed on stock markets outside of Australia, without hedging.
WXOZ could be used by an Australian investor to get exposure to the medium and large companies listed on stock markets throughout the world, including the USA, Japan, UK and Europe.
Keep an eye on FUM
The SPDR WXOZ ETF had $242.11 million of money invested when we last pulled the monthly numbers. Given WXOZ’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
SPDR charges investors a yearly management fee of 0.18% for the WXOZ ETF. This means that if you invested $2,000 in WXOZ for a full year, you could expect to pay management fees of around $3.60.
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.
Summary
These are just some of the considerations or factors you would need to look at when weighing up the WXOZ ETF. Before doing anything, take a look at our SPDR WXOZ report – it’s free. While you’re at it, don’t forget to search our complete list of ASX ETFs.
