There are plenty of global exchange-traded funds (ETFs) on the ASX, but not many come from Macquarie Group Ltd (ASX: MQG).
The Macquarie Core Global Equity Active ETF (ASX: MQEG) has been around for almost a couple of years, but is still likely to be unfamiliar to a lot of investors.
That’s why I think it is worth a closer look today, especially for investors wanting global exposure with the potential for index-beating returns.
A different way to invest globally
Most global ETFs are passive. They track an index and aim to match its performance.
The MQEG ETF takes a different approach. It is actively managed, using a systematic and data-driven process to select between 200 and 500 global shares.
The idea is to identify companies with desirable characteristics while reducing emotional bias, and to aim for consistent returns above the benchmark over time.
That’s an interesting proposition.
It blends the diversification of an ETF with the potential upside of active management.
Built on a long track record
This isn’t a brand-new idea for Macquarie Group Ltd (ASX: MQG).
The strategy behind the MQEG ETF has been developed over decades, with Macquarie Systematic Investments using data, signals, and risk controls to build portfolios designed to deliver index-plus returns.
According to the fund, the process analyses millions of data points and combines factors like valuation, sentiment, and quality to construct a diversified portfolio.
That kind of disciplined approach is designed to remove emotion and keep decisions consistent.
Early performance looks encouraging
While it’s still relatively early days, the initial results are worth noting.
The ETF aims to outperform the MSCI World ex-Australia ex-Tobacco Index over the medium to long term.
Since inception, it has delivered returns ahead of its benchmark on a net basis, suggesting that the strategy has been working so far.
Of course, past performance isn’t a guarantee of future results. But it does provide some early validation.
Cost and structure
One of the more appealing aspects of this Macquarie ETF is its cost structure.
It has a relatively low management fee (0.08%) for an active ETF, combined with a performance fee that only applies if it beats the index.
That alignment is important.
It means investors are paying more only if the fund is delivering additional value.
What you’re actually getting
Under the hood, the MQEG ETF is a globally diversified portfolio.
It has significant exposure to the United States, alongside allocations to Japan, Europe, and other developed markets.
Its holdings are constantly evolving based on the model, but examples of positions include companies like Lam Research Corp (NASDAQ: LRCX), Comcast Corp (NASDAQ: CMCSA), and Eiffage SA (FRA: EF3).
This isn’t a static portfolio. It’s designed to adapt as market conditions change.
Why I think it could be a strong buy
What stands out to me is the combination of features.
You’re getting global diversification, a disciplined, data-driven investment process, the potential for outperformance, and a relatively low-cost structure for active management
That’s not something you see every day in a single ETF.
It won’t suit everyone. Some investors will still prefer simple index tracking.
But for those open to a systematic active approach, I think the MQEG ETF could be a compelling option to consider.
Foolish takeaway
The Macquarie Core Global Equity Active ETF offers a different way to access global markets.
It combines broad diversification with a systematic strategy aimed at delivering consistent excess returns over time.
It’s still early in its journey, but based on what I’ve seen so far, I think it could be a strong buy for investors looking to add something a little different to their portfolio.
The post Is this outperforming ETF from Macquarie a strong buy? appeared first on The Motley Fool Australia.
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Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lam Research and Macquarie Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Comcast. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Lam Research. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.