ASX ETF provider Global X has announced the launch of a new ASX 300 tracking ETF.
The new ETF will be under the ticker: A300 according to the provider.
There is no official release date for when the fund will be available on the ASX at the time of writing.
The broker said the fund will offer a solid "core" while having room to explore growth in other areas.
In a media release yesterday, Global X said it would be the lowest-cost ETF of its kind.
Every great mix starts with a strong core. Like the vanilla that anchors the cookies and cream. The same goes for investing: a solid core can help you stay the course, while giving you room to explore growth in other areas.
Meet A300, Global X's new 'vanilla' ETF launching soon by a provider that does every flavour well.
A300 provides exposure to the top 300 companies in Australia. It spans large, mid and small-cap stocks across a range of sectors and is the lowest-cost ETF of its kind (because vanilla doesn't have to mean boring).*
*as of 22/07/2025
Image source: Getty Images
The core model
The provider said "Core ETFs" typically refer to a group of exchange-traded funds that help form the foundation of a portfolio".
These ETFs are designed to provide exposures to a market, asset class, or sector in which the investor holds a high conviction.
In general, core ETFs are characterised by their low costs, diversified holdings, and long-term investment horizons.
How does it compare to other funds?
While the broker is yet to disclose the allocation and opening date, the name and description suggests it will rival similar funds such as Vanguard Australian Shares Index ETF (ASX: VAS).
The VAS fund aims to track the return of the S&P/ASX 300 Index
This fund has risen 40.94% over the last 5 years.
Other ASX ETFs that have a similar make-up are:
As the name suggests, these track the 200 largest companies on the ASX rather than 300.
Interestingly, this is the first Global X fund that will track the ASX 300 index.
Many of the 45 funds that are currently offered focus on thematic investing strategies.
