Why this is one of the top ASX ETFs I'd buy in 2024

MotleyFool05-07

The BetaShares Global Sustainability Leaders ETF (ASX: ETHI) is a leading exchange-traded fund (ETF) pick in my opinion. I'm going to tell you why I think it's a top ASX ETF to own in 2024 and beyond....

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I'm going to tell you why I think it's a top ASX ETF to own in 2024 and beyond....</p>\n\n<a href=\"https://www.fool.com.au/2024/05/07/why-this-is-one-of-the-top-asx-etfs-id-buy-in-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDN","symbol_name":"First Trust Dow Jones Internet I","start_time":0,"source_url":"https://www.fool.com.au/2024/05/07/why-this-is-one-of-the-top-asx-etfs-id-buy-in-2024/","article_id":"2433223586","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433223586","pubTimestamp":1715027400,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The BetaShares Global Sustainability Leaders ETF  is a leading exchange-traded fund  pick in my opinion. I'm going to tell you why I think it's a top ASX ETF to own in 2024 and beyond.First, I'll point out that the ETHI ETF is one of the larger ETFs on the ASX, with net assets of around $3 billion.This investment provides an ethically screened portfolio of large global stocks that have been identified as 'climate leaders' and have also passed screens to exclude companies engaged in activities \"deemed inconsistent with responsible investment considerations\".It excludes industries like fossil fuels, gambling, tobacco, armaments, animal cruelty and payday lending. There must also be no human rights concerns, and companies must have gender diversity on the board.The ETHI ETF gives examples of businesses it has excluded. It's not invested in McDonald's because a majority of its revenue comes from junk food, Goldman Sachs has significant lending to fossil fuel projects, General Electric is a","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"FDN":"First Trust Dow Jones Internet I","ETF.AU":"UBS IQ Research Preferred AU Share","BK4588":"碎股","ROE":"ASTORIA US QUALITY KINGS ETF","BK4585":"ETF&股票定投概念","BK4550":"红杉资本持仓","ETHI.AU":"BETASHARES GLOBAL SUSTAINABI"},"translate_title":"为什么这是我在2024年最想买的ASX ETF之一","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETF.AU":1,"ETHI.AU":1,"ROE":1,"FDN":0.9},"content_text":"The BetaShares Global Sustainability Leaders ETF (ASX: ETHI) is a leading exchange-traded fund (ETF) pick in my opinion. I'm going to tell you why I think it's a top ASX ETF to own in 2024 and beyond.\nFirst, I'll point out that the ETHI ETF is one of the larger ETFs on the ASX, with net assets of around $3 billion.\nEthical leaders\nThis investment provides an ethically screened portfolio of large global stocks that have been identified as 'climate leaders' and have also passed screens to exclude companies engaged in activities \"deemed inconsistent with responsible investment considerations\".\nIt excludes industries like fossil fuels, gambling, tobacco, armaments, animal cruelty and payday lending. There must also be no human rights concerns, and companies must have gender diversity on the board.\nThe ETHI ETF gives examples of businesses it has excluded. It's not invested in McDonald's because a majority of its revenue comes from junk food, Goldman Sachs has significant lending to fossil fuel projects, General Electric is a major military and armaments manufacturer, and Tesla is \"implicated in workplace relations related controversies.\"\nThe annual management cost is just 0.59%, which I think is good value for how much ESG screening work has been done.\nStrong businesses\nThese are not just, small ethical businesses. The ETHI ETF starts with the entire global share market and what remains after the screening are 200 of the biggest (and ethical) companies from across the world.\nWhen we look at the ASX ETF's holdings, they are some of the world's leading businesses at what they do, including Nvidia, Visa, Apple, Mastercard, Toyota, Home Depot, ASML, Salesforce, Unitedhealth, Novo Nordisk, SAP and Adobe.\nMany of these businesses rank well on quality metrics such as their return on equity (ROE), earnings stability and balance sheet health.\nPleasingly, just over a third of the portfolio is invested in IT businesses, which is usually a good sector for delivering growth.\nGreat returns for this ASX ETF\nIt may not be a surprise to learn that this collective group of businesses have done very well in terms of shareholder returns.\nAccording to BetaShares, the ETHI ETF has delivered an average return per annum of 18.7% since its inception in January 2017 to 28 March 2024. Past performance is not a reliable indicator of future performance when it comes to returns of that size, considering the huge gains its Nvidia holding has seen. \nIn the past three years, the average return per annum was 15%, which seems a bit more realistic, but still very, very good.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433223586"}