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ETF A300

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ETF A300

Hi James, I never miss your well presented Stock Reviews and clear portfolio direction. Could you provide your thoughts on the new ETF A300 please as a Core holding Many thanks Richard

Answer

Thanks Richard,

This is the Global X Australian 300 ETF, which holds the top 200 stocks, then the next biggest 100 to state the obvious, so expands breadth and diversification. It’s new, and its small in size (~$6m), only listing on the 8th August,  with a low 0.04% fee structure.  The medium market cap in the index is $2.2bn, and if we’re generally positive on the market, as we are, we’re naturally positive on this ETF, although we generally wait for a while after such a new listing to see how it trades.

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