How ASX investors can use the ATEC ETF
The BetaShares ATEC ETF provides exposure to the top Australian technology companies that are listed on the ASX. This is a low-cost way to access the Australian technology sector through a single fund.
The BetaShares ATEC ETF could be used by investors looking to gain specific exposure to Australia’s technology sector. Navigating away from the largest ASX companies removes a lot of the exposure to the financial and resource sectors, and could diversify your Australian portfolio allocation.
ATEC meets our minimum market cap (FUM) criteria
The BetaShares ATEC ETF had $151.18 million of money invested when we last pulled the monthly numbers. Given ATEC’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.
ATEC ETF fees explained
BetaShares charges investors a yearly management fee of 0.48% for the ATEC ETF. This means that if you invested $2,000 in ATEC for a full year, you could expect to pay management fees of around $9.60.
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.
Putting it all together
If you’re weighing up investing in ATEC, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free BetaShares ATEC report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the Australian shares sector to compare your options.
