The five best and worst-performing ETFs of 2022
Global X and BetaShares have delivered some of the best-performing exchange traded funds (ETFs) in the past year, recent figures have revealed.
Data compiled by investment research Morningstar and online investment adviser Stockspot found the Global X Ultra Short Nasdaq 100 Hedge Fund delivered the best returns of 2022 at an impressive 81.9%.
It was followed by BetaShares US Equities Strong Bear Hedge Fund - Currency Hedged at 44% in the second spot.
Notably, BetaShares ETFs took up three of the top five spots: BetaShares Global Energy Companies ETF - Currency Hedged (40.7%) in third place and BetaShares Australian Resources Sector ETF (23%) in fourth place.
Rounding up the top five ETFs of 2022 was the SPDR S&P/ASX 200 Resources Fund (22.9%).
However, while ETFs were poised to be among the most popular investment vehicles in 2023, there were some funds that delivered underwhelming results during the year.
Per Morningstar and Stockspot data, the worst-performing fund was BetaShares Crypto Innovators ETF with a -81.9% return. The Global X Ultra Long Nasdaq 100 Hedge Fund came in second at -70.3%.
Other poorly-performing funds were the Montaka Global Extension Fund (Quoted Managed Hedge Fund) at -47.6%, BetaShares Geared US Equity Fund - Currency Hedged (Hedge Fund) at -47.1%, and Hyperion Global Growth Companies Fund (Managed Fund) at -42.9%.
According to Stockspot’s 2022 ETF Report, the Australian ETF market was worth over $135 billion in 2022.
It was also one of the fastest-growing investment products in the country, growing four times faster than the broader Australian wealth management market.
AUTHOR
Rhea Nath
Recommended for you
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.
