The BetaShares Diversified All Growth ETF (ASX: DHHF) is an ASX-listed exchange-traded fund (ETF) with plenty of positive factors going for it.
There are plenty of ETFs that Aussies can buy, which are focused on different things, such as Australian shares, US shares, European shares, Japanese shares, UK shares, global shares, emerging market shares, and so on.
But what if we could just buy one fund and get exposure to many of those underlying markets? That's what the DHHF ETF is trying to achieve.
Let's look at three elements that make the ASX ETF compelling.
Invested in various markets
BetaShares says this fund is invested in a blend of large, medium, and small-cap shares from Australia, international developed markets, and emerging markets. In other words, it's an 'all-cap, all-world' share portfolio with the potential for growth over the long term.
It's invested in approximately 8,000 different underlying shares. That's a lot of diversification.
At the end of February 2025, 41.9% of it was invested in US shares, 36.3% in ASX shares, 15.8% in development markets (excluding the US and Australia), and 5.9% in emerging markets.
In addition to the US and Australia, other countries with an allocation of more than 1% at the end of February 2025 included Japan, China, Canada, the UK, India, Taiwan, and Germany. That's plenty of good geographic exposure, in my view.
Solid returns by the ASX ETF
Making returns is what investing is all about. The exposure to the various stock markets has provided good returns. While it's not a pure US tech fund, it has done well for investors with double-digit returns.
The US share market may not always be the best-performing market – the strongest region could be Australia, Europe, the UK, or Japan over the next three or five years. Whichever region is going to perform best in the future, this fund gives a bit of exposure to those stocks.
According to BetaShares, the DHHF ETF has returned an average of 12.2% over the three years to February 2025. Of course, past performance is not a reliable indicator of future performance.
Reasonable fees
This ASX ETF offers enormous diversification. However, it costs little in terms of management fees, which I think is a very attractive feature. It leaves most of the returns in the hands of the investor, which is good for wealth-building.
Its annual management fee is 0.19%, which is a fraction of what most active managers charge.
Having said all of the above, I think the DHHF ETF can be a core position for many investors, with a few other ASX shares sprinkled in for growth or passive income potential, depending on what that investor is focused on.
