Returns from big tech and bitcoin have outpaced much of the rest of the Australian exchange-traded fund market over the last year.
Looking across the top 20 best performing ETFs, Michael Malseed, senior analyst at Morningstar, said many of the top-performing funds of the last 12 months offered investors very specific exposures from a handful of select themes.“It’s a pretty eclectic list of ETF offerings that have been in favour over the last year, which can give some very concentrated exposures,” he says, also noting that several of the funds that made the list were launches in the last two years.
Bitcoin-exposed funds including BetaShares Crypto Innovators ETF, which aims to track the performance of an index that provides exposure to global companies in the crypto economy, also performed well. The fund’s holdings include trading platform Coinbase and bitcoin miner Cleanspark.Global X Ultra Long Nasdaq 100 Hedge Fund came in fourth place, returning 84.5 per cent in the last 12 months. The actively managed fund offers geared exposure to the US tech-heavy Nasdaq 100 Index.
Two uranium-themed ETFs made the list: BetaShares Global Uranium ETF returned 68.3 per cent, edging out Global X Uranium ETF AUD Inc, which returned 54.6 per cent.Another outlier was BetaShares Japan ETF, which offers investors exposure to Japanese equities, which have also been on a tear following strongA strong rally in Japanese stocks in the past 12 months helped propel one country-themed fund to rank among the top-performing ETFs.
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