Gold shines in commodities and energy sector in 2019
It was gold funds that dominated the commodity and energy sector, solely due to the mid-year spike in the demand for gold which was sustained until the end of the year.
According to FE Analytics, the commodity and energy sector within the Australian Core Strategies universe returned 24.14% for calendar year 2019.
The best performing funds in the sector for 2019 were BetaShares Global Gold Miners ETF (50.98%), Market Access NYSE Arca Gold BUGS Index (49.65%), Select Baker steel Gold (42.29%), VanEck Vectors Gold Miners ETF (39.43%) and BetaShares Crude Oil Index ETF (30.75%).
The BetaShares Global Gold Miners ETF largest region weightings were in North America (71.8%), South Africa (16.6%), Americas (3%), UK (2.5%) and Pacific Basin (2.4%), as of 30 November, 2019.
Market Access NYSE Arca Gold BUGS Index region weightings were North America (88.52%), South Africa (7.53%) and Americas (3.95%), as of 29 November, 2019.
VanEck Vectors Gold Miners ETF top region weightings were Canada (51.58%), US (18.18%), Australia (14.12%), South Africa (8.09%) and China (1.94%).
Top performing commodity and energy funds v sector over the year to 31 December 2019
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
