MONEYWEB
app instead?
Despite the top performers being as expected.
By Patrick Cairns, Citywire
14 Jan 2021 00:01
The worst-performing funds didnât come as a surprise either. Image: Shutterstock
For the third consecutive year, the 1nvest Rhodium ETF (exchange-traded fund) finished 2020 as the top-performing JSE-listed ETF. It returned a remarkable 187.1% over the year.
This followed its 140.9% gain in 2019, and 64.6% return in 2018. Over the last three years, it has delivered an annualised return of 125%.
It nevertheless remains a niche product. Its latest fact sheet shows a net asset value of just R2.3 billion.
Tech at the top
More interesting to fund selectors will be the performance of mainstream ETFs tracking market indices. It will be no surprise that among this group, ETFs focused on global tech counters were 2020’s top performers: