IOZ iShares Core S&P/ASX200 ETF - My Top ETF Pick to Invest in Australian Shares
πππWhy invest in Australian Shares? Australia has been blessed with a land that is rich with agricultural resources, minerals, good infrastructure and stable government.
$iShares Core S&P/ASX 200(IOZ.AU)$ is my Top Pick as it provides low cost access to the 200 largest companies on the ASX in a single Fund. IOZ tracks the performance of the S&P/ASX 200 Index and provides a broad exposure to the various industries in Australia.
The Top 10 holdings include $BHP GROUP LTD(BHP.AU)$ $COMMONWEALTH BANK OF AUSTRAL(CBA.AU)$
BHP is the world's largest mining company with market capitalisation of AUD 225 billion and one of the top producers of commodities such as iron ore and copper.
Commonwealth Bank is the largest bank in Australia with market capitalisation of AUD 165 billion. Together with National Australia Bank, Westpac and ANZ, they are the Big 4 Banks in Australia.
CSL is a Biotechnological company that researches, develops, manufactures and market products to treat and prevent serious diseases. It has a market capitalisation of AUD 112 billion.
Woodside Energy is the largest operator of oil and gas production in Australia and is owned by BHP.
Wesfarmers is an Australian conglomerate that owns Bunnings, the largest DIY chain in Australia. It also owns KMart Australia, Officeworks, Target, Wesfarmers Chemicals, Energy and Fertilisers and Australian Pharmaceutical Industries.
Woolworths owns the largest chain of supermarkets in Australia and Big W Discount Department stores.
The Top 10 holdings weightage is 46% of the ETF. Total number of holdings is 203.
IOZ ETF is managed by Blackrock under its iShares brand. Blackrock is the world's largest fund manager with USD 9.4 Trillion in assets under management.
In February 2023, IOZ's management fee was reduced from 0.09% to 0.05%, making it one of the lowest fees in ETFs in Australia.
Dividends are paid every 3 months. The current dividend yield is 4.08%.
Performance wise, IOZ is down 1.2% year todate but up 3.4% in the past year and 8% in the past 5 years.
$iShares Core S&P/ASX 200(IOZ.AU)$ offers great value for money with a low entry point of AUD 27. 75 at the last closing price on Friday 20 October. With the current conflicts in Israel, Ukraine, slowing global economy, interest rate hikes and rising oil prices, IOZ ETF is a good tactical play to diversify my portfolio and tap into Australia, a country that is rich in minerals and resources too.
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