Which ETFs have seen the best first nine months of 2020?
As we have passed the three-quarter mark of the year, the best exchange traded funds (ETFs) in the first nine months of 2020 are focused on either China or gold.
According to FE Analytics, BetaShares Asia Technology Tigers saw the best returns, returning 38.63% since the start of the year to 30 September.
This was followed by BetaShares Global Gold Miners ETF Currency Hedged (38.13%), VanEck Vectors China New Economy (33.37%), VanEck Vectors Gold Miners (31.08%), BetaShares NASDAQ 100 (28.53%).
Located in the specialist equities sector, with the Australian Core Strategies universe, the Asia tech fund tracked the performance of the Solactive Asia ex-Japan Technology and Internet Tigers Index.
The Index tracked the price movements of a portfolio containing the top 50 technology and online retail stocks, that had their main area of business in Asia excluding Japan.
Its top holdings were shopping platforms Meituan Dianping and Alibaba; Taiwan Semiconductor; internet entertainment holding company, Tencent; and Samsung.
VanEck’s China New Economy fund was in the Asia Pacific Single Country sector and focused on a broader base of consumer discretionary, consumer staples, healthcare, and technology sectors that were domiciled and listed in Mainland China with 120 total holdings.
The BetaShares gold ETF tracked the Nasdaq Global Gold index, while the VanEck fund tracked
the NYSE Arca Gold Miners Index and were both in the ACS Commodity and Energy sector.
The BetaShares NASDAQ fund was in the North America equity sector and its success was largely due to the performance of tech heavy equities that dominated the index.
Its top holdings included Apple, Amazon, Microsoft, Facebook, Tesla and Alphabet (Google).
Best-performing ETFs for the first nine months of 2020
AUTHOR
Chris Dastoor
Recommended for you
Franklin Templeton has announced it will close its Australian Core Plus Bond Fund, having changed two fixed income funds in its Brandywine range last week.
Investment solution provider Channel Capital has appointed James Archer as its latest distribution director, joining from Pinnacle Investment Management.
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
