Ongoing strength in the US market is lifting not just ASX ETFs holding US stocks but also those holding diversified international shares.

This is because US shares dominate diversified global ETFs as America is home to so many of the world's largest and most profitable businesses.

For example, the VGS ETF is invested in about 1,300 of the world's largest companies listed in major developed countries.

About 76% of those companies are in the US.

Another example is the iShares Global 100 AUD ETF (ASX: IOO), which seeks to track the performance of the 100 biggest global equities.

Just under 81% of IOO ETF holdings are US shares.

Last night, the benchmark index for the US market, the S&P 500 Index (SP: .INX), smashed another record high at 6,698.88 points.

The S&P 500 is up 13.8% in the year to date compared to an 8.2% bump for the S&P/ASX 200 Index (ASX: XJO).

Last night, the Dow Jones Industrial Average Index (DJX: .DJI) also hit a record 46,447.13 points, up 9% this year.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) followed suit with its own record of 22,801.90 points, up 26.8% in 2025.

On the ASX today, the ASX 200 is up 0.74% and the S&P/ASX All Ordinaries Index (ASX: XAO) is up 0.69%.

Let's look at some of the ASX ETFs holding international shares that are setting new 52-week highs, if not all-time records, today.

International ASX ETFs smash records on Tuesday

The post Own IOO, IVV, or VGS ETFs? They're smashing records today! appeared first on The Motley Fool Australia.

This follows a big session on Wall Street, with the benchmark S&P 500 Index (SP: .INX) reaching another record close of 6,656.8 points.

Today's strong market appears to be having an outsized impact on ASX exchange-traded funds (ETFs).

At the time of writing, an extraordinary number of ETFs have hit new 52-week highs, or multi-year highs, on the back of today's exuberance.

In fact, at the time of writing, 68 ASX exchange-traded funds have hit new high prices.

Macroeconomic elements may be playing a role in the market surge.

Yesterday, we had the news that the US Fed Reserve has cut interest rates and Australia's jobless rate held steady last month.

ETFs are a favoured way for Aussie investors to access international markets without the hassle of trading on an overseas exchange.

The amazing three-year run for US equities has inspired Aussie investors to think beyond the ASX 200 and the local banks and miners.

The popularity of ETFs is a global trend playing out strongly in Australia.

Betashares data shows Australian investors ploughed a record $5.28 billion into ASX ETFs in July alone.

68 ASX shares setting new records today

Here is a sample of the 68 ASX exchange-traded funds smashing new highs today.

The post 68 ASX ETFs smash multi-year highs amid strong trading on Friday appeared first on The Motley Fool Australia.

Why Magellan shares jumped higher

According to an article in the Australian Financial Review (AFR), Magellan is looking to launch a series of low-cost investments.

Magellan is reportedly planning to launch an MFG Core series of 3 listed international equity funds offering low-cost strategies.

The management fees are set to be just 50 basis points (bps) and no performance fees.

Now, I think this is big news for Magellan shares. Magellan has been a wildly successful active fund manager for decades.

However, its offering does come at a hefty cost, which has turned off some would-be investors.

However, Magellan moving into the ETF space could be a game-changer. 

What other ETF options are out there?

In the domestic space, both Vanguard Australian Shares Index ETF (ASX: VAS) and BetaShares Australia 200 ETF (ASX: A200) are popular choices.

The Vanguard fund charges just 10 bps per year while the BetaShares ETF has a fee of just 7 bps p.a.

Internationally, there are some other good options. Magellan shares provide exposure to international share management indirectly through its performance.

However, in terms of ETFs, the Vanguard MSCI Index International Shares ETF (ASX: VGS) is a popular choice. 

The Vanguard ETF aims to track the return of the MSCI World ex-Australia, tracking approximately 1,500 large-cap and mid-cap companies.

There's also the iShares Global 100 (AUD Hedged) ETF (ASX: IRU).

This iShares ETF aims to track the S&P Global 100 Hedged AUD Index with 100 multinational, blue-chip companies.

Foolish takeaway

I think this is good news for Magellan shares. More passive investment options open up new avenues for the Aussie fund manager.

However, it does risk cannibalising some of its current offerings. Just how well Magellan walks that tightrope will be the key to success in the years to come.

The post Is now a good time to buy Magellan shares? appeared first on The Motley Fool Australia.