An Exchanged Traded Fund (EFTs) are a kind of listed shares that are exchanged on a stock exchange. Similarly, it aims at closely monitoring and providing returns of a specific index or asset class-without any fees. Above all, the major advantages of EFTs are Simplicity, Liquidity, Transparency, Cost-effective, and SMSF friendly (Self-Managed Super Funds).
CommSec Pocket is an investing product from CommonWealth Bank for beginners new to the share market. Also, it’s for those who want a simpler investing experience. Moreover, they have seven different investment options to choose from. In addition, they are easy to select and decide where to invest.
You can apply a minimum amount to get the most out of your investment with the help of the CommSec Pocket App. In addition, there is no need to maintain a certain investment balance. In conclusion, the minimum investment amount includes the trade (brokerage) fee, plus a little extra to account for possible price fluctuations.
What Options are Available for Investment?
It must be running in most people’s minds as CommSec Pocket classified into 7 different investment options as mentioned below:
Aussie Top 200
It’s one of the simple, low-cost ways to invest in around 200 of the biggest companies on the ASX which includes blue chips as well.
Holders of Australian dividends could take advantage of revenue and potential capital gains. In addition, these 30+ companies are known for paying above-average dividends.
Global 100 can get exposure to around 100 global blue chips companies, including some of the best-known brands in the world.
Here you can get diversified access to 800+ companies in the world’s fast-growing economies, like China, Taiwan, Korea, and more.
This classifies your investment in medical innovation with 100 companies approx. that are striving to help us live longer and healthier lives.
This option allows you to invest confidently in about 200 leading, sustainable, and ethical companies. In conclusion, it’s one of the cheapest options that we found.
It’s the final option and competitive one as well. With exposure to some 100 of NASDAQ ‘s largest technology innovators and non-financial companies, you can invest in the technological revolution.
How does it work?
- An ETF supplier takes account of and creates a basket of assets with a unique ticker, including stocks, bonds, commodities, or currencies.
- Investors can purchase a share, just as they can purchase a share of a company.
- The ETF is traded by buyers and sellers all day on an exchange, similar to a stock.