Find out what the ETF does
The Antipodes AGX1 is an actively managed portfolio of global equities, which focuses on building a concentrated fund of undervalued companies.
AGX1 could be used by investors to gain exposure to global equities, in a portfolio that follows the strategy of the Antipodes Global Fund.
AGX1’s FUM meets our hurdle
The Antipodes Partners AGX1 ETF had $346.09 million of money invested when we last pulled the monthly numbers. Given AGX1’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.
Pay attention to yearly costs & fees
Antipodes Partners charges investors a yearly management fee of 1.10% for the AGX1 ETF. This means that if you invested $2,000 in AGX1 for a full year, you could expect to pay management fees of around $22.00.
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 AGX1, bear in mind that this is just an introductory glance at the ETF. To explore further, check out our free Antipodes Partners AGX1 report. And for good measure, search our complete list of ASX ETFs for similar ETFs in the International shares sector to do a good comparison.
