BGBL AU
BGBL ETF: A Guide to Betashares Global Shares ETF
Price data last refreshed:
The BGBL ETF, or the Betashares Global Shares ETF, gives investors exposure to a broad portfolio of developed-market global shares outside Australia. For Australian investors, the main appeal is straightforward: low-cost international diversification in an Australian-domiciled ASX-listed ETF.
What it does: Broad developed-market global shares exposure excluding Australia.
Who it may suit: Australians looking for a low-cost core international equities allocation.
Main local issue for Australians: The ETF is Australian-domiciled and ASX-listed, but it is unhedged, so returns can move with the Australian dollar.
Best Australian-listed alternative: VGS for the more established Vanguard option, or HGBL if you want similar exposure hedged into AUD.
Can Australians buy this ETF?
Short answer: Yes, and easily. BGBL is listed on the ASX and is Australian-domiciled.
That matters because Australian investors can buy BGBL through a normal ASX brokerage account without needing to access a foreign exchange listing. It also means the local product structure is simpler from an administration perspective than buying a U.S.-listed ETF directly.
Top Australian Brokers
- Pepperstone - Top Australian broker - Read our review
- eToro - Invest in ASX and international shares - Read our review
Betashares provides both a PDS and a TMD for the fund through its investor materials and regulatory resources. For most Australian retail investors, that makes BGBL a much more straightforward way to build international equities exposure than buying an overseas-listed equivalent directly.
What does the ETF actually do?
BGBL is designed as a core global equities building block. Betashares says the fund aims to track an index comprising approximately 1,300 developed-market companies from more than 20 countries, excluding Australia.
In practical terms, BGBL is meant to fill a common Australian portfolio gap. Many local investors already have significant exposure to Australia through super, direct shares, and domestic ETFs like VAS or A200. BGBL is designed to complement that by providing broad international diversification.
It is equally important to understand what BGBL is not. It is not an emerging markets ETF, not a currency-hedged global shares fund, and not a concentrated U.S. mega-cap product. It is a broad, low-cost, developed markets ex-Australia equities ETF.
Overview
Betashares Global Shares ETF (BGBL) offers Australian investors exposure to a portfolio of global shares. Its profile combines a broad international equity theme with concentrated exposure to North America, technology and several large companies. The fund’s reported returns provide historical context, but do not indicate how it will perform in future.
Category
BGBL is a global-equity ETF listed in Australia, giving investors a way to research overseas share exposure alongside Australian holdings. The portfolio spans multiple regions and sectors, although its reported allocation is weighted heavily towards North America and technology.
Global share exposure can broaden an Australian-focused portfolio, but it also brings different sector and regional drivers. BGBL’s reported allocations show a strong North American tilt and meaningful exposure to large technology companies, so its performance may be particularly sensitive to developments affecting those areas.
Key facts
- Ticker
- BGBL
- Exchange
- AU
- ISIN
- AU0000269995
- Provider
- BetaShares Capital Ltd
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 2023-05-09
- UCITS
- No
Costs
- AUM
- 5.5B
The supplied profile does not include a fee figure, so it does not support a cost comparison.
Performance
- YTD
- 8.0%
- 1 year
- 10.4%
- 3 years
- 18.1%
- Dividend yield
- 1.19%
- Top 10 concentration
- 28.0%
Holdings
-
NVIDIA Corporation5.69%
-
Apple Inc.5.18%
-
-
Amazon.com Inc2.92%
-
Alphabet Inc Class A2.28%
-
Broadcom Inc1.93%
-
Alphabet Inc Class C2.02%
-
Meta Platforms Inc.1.34%
-
Tesla Inc1.25%
-
Micron Technology Inc1.24%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio has a pronounced technology presence, with technology accounting for 30.240% of sector exposure. North America represents 78.942% of regional exposure. NVIDIA, Apple and Microsoft are the three largest reported holdings, while the top 10 holdings collectively make up 28.007% of the fund.
Regions
-
North America78.9%
-
Europe Developed12.1%
-
Japan7.1%
-
United Kingdom3.2%
-
Asia Developed1.0%
-
Africa/Middle East0.4%
-
Europe Emerging0.2%
-
Asia Emerging0.2%
-
Latin America0.1%
-
Australasia0.1%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Sectors
-
Technology30.2%
-
Financial Services15.8%
-
Industrials11.1%
-
Healthcare9.5%
-
Consumer Cyclicals8.9%
-
Communication Services8.1%
-
Consumer Defensive4.8%
-
Energy4.2%
-
Basic Materials2.9%
-
Utilities2.3%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
BGBL may be of interest to Australian investors researching broad exposure to global shares, including large overseas companies. Its North American and technology weightings, overseas currency exposure and concentration in its largest holdings are important parts of that profile to consider.
Key risks
BGBL is exposed to global equity-market volatility and foreign-currency movements. Its North American allocation is substantial, and technology is its largest reported sector, creating concentration in those sources of market risk. The top 10 holdings account for 28.007% of the portfolio, so performance from major positions can also have a noticeable effect.
FAQ
What kind of exposure does BGBL provide?
It gives investors broad developed-market share exposure outside Australia, with a heavy weighting to the United States and meaningful allocations to Japan, Europe and other developed markets.
Is BGBL a concentrated fund?
It is diversified across many holdings, but the largest companies still matter. The top 10 holdings account for 26.326% of the fund, so mega-cap stocks can influence returns.
Why does the fund matter for Australian investors?
It can help reduce reliance on the domestic market by adding overseas companies, sectors and currencies that are under-represented in Australia.
What should investors watch most closely?
The largest risks are global share-market moves, the fund’s US-heavy weighting and currency fluctuations versus the Australian dollar.
Is BGBL hedged to AUD?
No. BGBL is unhedged, so exchange-rate movements affect returns. HGBL is the closest like-for-like AUD-hedged alternative from the same issuer.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
