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
AUTHOR
Chris Dastoor
Recommended for you
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.
Flows into cash and fixed income ETFs soared in May, rising from $366 million in April to more than $1.3 billion, data from Betashares shows.
Quinbrook Infrastructure Partners has promoted its Australian head to the role of chief executive of the global investment manager.
UK-based fund manager Royal London Asset Management has appointed a Sydney-based head of regional sales as it embarks on a multiyear plan to expand its presence internationally.
