Is 2023 going to be the year to invest in ASX ETFs like the iShares Core Cash ETF (ASX: BILL) and Global X Physical Gold ETF (ASX: GOLD)?
How an Aussie (or Kiwi!) investor can use the BILL ETF
The iShares BILL ETF provides investors with exposure to short-term Australian dollar-denominated bank bills with term to maturities of up to three months.
According to our most recent data, the BILL ETF had $298.69 million of money invested. With BILL’s total funds under management (FUM) figure over $100 million, the ETF meets our team’s minimum investment criteria for FUM levels. As a general rule, our team draws the line at $100 million for ETFs in the Cash – Australian sector because we believe that, relative to smaller ETFs, achieving this amount of FUM lowers the chance that the ETF issuer will close the ETF.
Fees to consider
According to our numbers, the annual management fee on…
