Only three Australian equity exchange traded funds (ETFs) have outperformed in the sector coming out of the March sell-off.
According to FE Analytics, within the Australian Core Strategies universe, the Australian equities sector had returned 20.74% since 31 March, 2020, to 31 October, 2020.
In the 200-plus strong sector, only 18 were ETFs and the three that beat the sector average were VanEck Australian Equal Weight (25.47%), BetaShares Australian Ex-20 Portfolio Diversifier (25.26%) and BlackRock iShares Edge MSCI Australia Multifactor (23.34%).
Rather than tracking the ASX 200 or 300, the VanEck Australian Equal Weight ETF tracked the MVIS Australia Equal Weight Index which was a “pure-play index that includes the largest and most liquid ASX-listed companies, combining benchmark with blue-chip characteristics, purpose-built to capture the true performance of the Australian equities market, with real diversification across both securities and sectors”.
The BetaShares Ex-20 ETF tracked the ASX 200, minus the top 20 stocks, giving exposure to mid-...