On the ASX, two noteworthy ETFs are the SPDR S&P 500 Trust ETF (ASX: SPY) and SPDR S&P Global Dividend Fund ETF (ASX: WDIV).
The SPDR SPY ETF is the oldest ETF globally and provides exposure to the 500 largest US-listed shares, representing about 80% of the US stock market’s total market capitalization. As of our latest data, the SPY ETF had $127.84 million invested, meeting our team’s minimum investment criteria for FUM levels. The annual management fee for the SPY ETF is 0.09%, automatically collected by the issuer, SPDR.
On the other hand, the SPDR WDIV ETF invests in global companies with a strong track record of paying dividends for at least 10 consecutive years. As of July 2022, WDIV’s FUM was $340.25 million, exceeding our minimum criteria for total investment. The yearly management fee for the WDIV ETF is 0.5%, slightly above the average for all ETFs on our list of ASX ETFs.
Both ETFs offer investors exposure to different sectors and markets, with fees being an important consideration when choosing an ETF. It’s advisable to compare fees with other ETFs in the same sector and against industry averages to ensure you are getting good value for your investment. Remember to review the Product Disclosure Statements for both ETFs to understand the fees, tax implications, and other important information before making any investment decisions.