IOO
aug 2026
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Chart
High: $203 - aug 2026
Low : $ 27 - aug 2011
Between 2008 to 2016 the price didn't increase much .. stayed at $50
So it's quadrupled over 10 years (2016 - 2026)
If you had bought in 2011 @ $27 you would have 8X your money
Dividends are low but stellar growth over one that 15 year cycle.
2011 - $27
2015 - $50
2022 - $100
2026 - $200
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The iShares Global 100 ETF (ASX: IOO) is an exchange-traded fund traded on the Australian Securities Exchange. Managed by BlackRock, it tracks the S&P Global 100 Index, giving investors exposure to 100 of the largest multinational companies in the world like Microsoft, Apple, Amazon, and Nvidia for a management fee of 0.40%. [1, 2, 3, 4, 5]
Fund Overview and Key Details
- Index: S&P Global 100 Index
- Holdings: 100 large-cap global companies (heavy focus on major US and international tech, finance, and healthcare leaders)
- 70% exposure in the USA ...
- Management Fee: 0.40% per year
Top Sectors and Holdings
- Technology Weighting: Information technology makes up roughly 40% to 45% of the fund.
- Other Sectors: Financial services, communication services, and healthcare make up significant secondary portions.
Why Australian Investors Use IOO
- Diversification: Helps balance local portfolios that are heavily tied to Australian banks and mining stocks.
- Access: Provides simple, single-trade access to massive global titans that cannot be bought directly on the ASX.
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ARGO vs IOO buffett style 2026 sept
The iShares Global 100 ETF (ASX: IOO) significantly outperforms Argo Investments (ASX: ARG) in long-term capital growth, whereas Argo wins heavily on high-yield, franked domestic income fit for a traditional dividend focus. [1, 2]
Here is a side-by-side comparison evaluated through a Warren Buffett-style lens (focusing on economic moats, rational capital allocation, cost consciousness, and owner earnings).
Key Metric Comparison
| Financial Metric | Argo Investments (ASX: ARG) | iShares Global 100 ETF (ASX: IOO) |
|---|---|---|
| Asset Type | Listed Investment Company (LIC) | Exchange Traded Fund (ETF) |
| Primary Focus | Australian Blue-Chip Equities | Top 100 Large-Cap Global Multinationals |
| 10-Year Growth (p.a.) | ~8.1% to 9.0% total return (NTA/Total Return) | ~15.8% to 17.2% total return (annualized) |
| Price-to-Earnings (P/E) | ~26.9x – 27.3x (Trailing TTM) | ~25.0x – 29.5x (Composite of mega-caps) |
| Dividend / Yield | ~4.1% – 4.4% (100% Fully Franked) | ~0.8% – 1.2% (Unfranked/Global flows) |
| 10-Yr Dividend Growth | ~2.7% average annual growth (volatile) | Varies widely (reinvests heavily into growth) |
| Management Costs | ~0.10% – 0.14% (MER) | 0.40% (MER) |
Long-Term 10-Year Growth
- ASX: IOO (Winner for Compounding): Delivered stellar historical annualized total returns of roughly 15% to 17% over the past decade. It captures high-returning economic monopolies with immense pricing power (e.g., Microsoft, Apple, Nvidia, Alphabet). Buffett famously loves tech/consumer mainstays with wide moats, making IOO's underlying asset roster structurally superior for pure capital accumulation. [1, 2, 3]
- ASX: ARG (Steady Value): Trailed global equities, delivering total annual returns around 8% to 9%. Argo tracks the broader Australian blue-chip ecosystem (heavy on banks, miners, and domestic cyclicals). While stable, Australia lacks the high-growth technology sectors needed for hyper-compounding. [1, 2, 3]
Valuation (P/E Ratio)
- ASX: ARG (~27x P/E): Trades at a rich trailing earnings multiple relative to its underlying slow-growth asset base. Buffett looks for a margin of safety; paying ~27 times earnings for an asset portfolio growing at single digits requires careful justification. [1, 2]
- ASX: IOO (~29x P/E): Also commands a high multiple, driven by the premium pricing of global tech giants. However, these companies back their multiples with double-digit underlying earnings-per-share (EPS) growth and massive cash generation—aligning better with Buffett's concept of paying up for truly exceptional business quality. [1]
Dividends & Dividend Growth
- ASX: ARG (Winner for Income): Yields over 4% (fully franked, pushing grossed-up yields past 6%). Argo operates a unique profit reserve structure, allowing management to smooth out dividend payouts during market downturns. However, 10-year dividend growth has been sluggish (~2.7% annualized), and high payout ratios (~112%) mean earnings must play catch-up to support larger hikes. [1, 2, 3, 4]
- ASX: IOO: Yields a meager ~0.8% to 1.2%. Global mega-caps prefer retaining earnings to compound intrinsic value or execute share buybacks rather than dishing out high cash yields. Distribution growth is lumpy and low. [1]
A Warren Buffett-Style Verdict
- On Economic Moats & Quality: IOO wins. Buffett famously advocates for buying the best businesses in the world rather than average local proxies. IOO gives you direct ownership of world-class franchises with unassailable global moats. [1]
- On Rational Capital Allocation: IOO wins on compounding, ARG wins on cash returns. Argo is a wonderful, conservative steward with ultra-low internal costs (0.10%) and zero balance-sheet risk, but it is handcuffed to a concentrated, slow-growth domestic market. IOO charges a higher fee (0.40%), but allocates capital into enterprises achieving high returns on equity (ROE) that far outpace the fee penalty. [1, 2, 3]
- The Bottom Line: Choose IOO if your goal is multi-decade wealth creation and compounding (growth style). Choose ARG if you are in retirement phase and require predictable, tax-advantaged franked income (value/income style).
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