Exchange-traded
funds,
or
ETFs,
are
often
low-cost
instruments
for
investors
to
track
popular
indexes
or
leverage
experienced
manager
choices
in
an
attempt
to
beat
the
market.
The
best
ones
serve
as
building
blocks
for
a
portfolio,
and
unlike
open-end
mutual
funds,
all
ETFs
are
traded
throughout
the
day
on
an
exchange.
In
the
second
quarter
of
2024,
the
top-performing
ETFs
included
Turkey
equity
funds
Amundi
MSCI
Turkey
(TUR)
and
iShares
MSCI
Turkey
(IDTK).
Data
in
this
article
is
sourced
from
Morningstar
Direct.
Screening
for
the
Best-Performing
ETFs
To
find
the
quarter’s
best-performing
ETFs,
we
screened
those
in
Morningstar’s
equity,
allocation,
or
fixed-income
categories
that
are
available
in
the
UK.
We
excluded
exchange-traded
notes,
known
as
ETNs,
and
ETFs
with
less
than
$25
million
(£19.7
million)
in
total
assets.
We
also
excluded
funds
that
fall
into
Morningstar’s
“trading”
categories,
as
these
funds
are
designed
for
active
traders
and
are
not
suitable
for
long-term
investors.
All
returns
are
quoted
in
GBP.
Within
our
list,
two
funds
fell
into
the
Turkey
equity
category,
where
the
average
name
rose
25.98%
in
the
second
quarter.
The
10
Best-Performing
ETFs
for
Q2
2024
1.
Amundi
MSCI
Turkey
UCITS
ETF
(TUR)
2.
iShares
MSCI
Turkey
UCITS
ETF
(IDTK)
3.
Amundi
MSCI
Semiconductors
ESG
Screened
UCITS
ETF
(CHIP)
4.
Invesco
Technology
S&P
US
Select
Sector
UCITS
ETF
(XLKS)
5.
HSBC
MSCI
Taiwan
UCITS
Capped
ETF
(HTWD)
6.
Global
X
Silver
Miners
UCITS
ETF
(SILV)
7.
iShares
S&P
500
Information
Technology
Sector
UCITS
ETF
USD
(Acc)
(IUIT)
8.
iShares
MSCI
Taiwan
UCITS
ETF
(ITWN)
9.
Xtrackers
MSCI
Taiwan
UCITS
ETF
(XMTD)
10.
Xtrackers
MSCI
USA
Information
Technology
UCITS
ETF
(XUTC)
Metrics
for
the
Best-Performing
ETFs
Amundi
MSCI
Turkey
UCITS
ETF
•
Morningstar
Rating:
2
stars
•
Expense
Ratio:
0.45%
•
Morningstar
Category:
Turkey
Equity
The
£121
million
Amundi
MSCI
Turkey
was
the
best-performing
ETF
in
the
second
quarter,
with
a
21.64%
return.
The
passively
managed
Amundi
ETF
fell
short
of
the
25.98%
gain
on
the
average
fund
in
Morningstar’s
Turkey
equity
category
for
the
quarter.
Over
the
last
12
months,
Amundi
MSCI
Turkey
has
returned
65.06%,
underperforming
the
77.58%
gain
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
53rd
percentile.
Amundi
MSCI
Turkey
has
a
Morningstar
Medalist
Rating
of
Neutral.
It
was
launched
in
March
2019.
iShares
MSCI
Turkey
UCITS
ETF
•
Morningstar
Rating:
1
star
•
Expense
Ratio:
0.74%
•
Morningstar
Category:
Turkey
Equity
The
second-best
performing
ETF
in
the
second
quarter
was
the
£98
million
iShares
MSCI
Turkey.
The
passively
managed
iShares
ETF
returned
21.19%,
underperforming
the
average
Turkey
equity
fund,
which
gained
25.98%.
Looking
back
over
the
last
12
months,
iShares
MSCI
Turkey
has
returned
61.70%,
underperforming
the
77.58%
return
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
84th
percentile.
iShares
MSCI
Turkey
has
a
Negative
Morningstar
Medalist
Rating.
Amundi
MSCI
Semiconductors
ESG
Screened
UCITS
ETF
•
Morningstar
Rating:
N/A
•
Expense
Ratio:
0.35%
•
Morningstar
Category:
Equity
Technology
The
£371
million
Amundi
MSCI
Semiconductors
ESG
Screened
ranked
third
for
the
quarter,
returning
17.90%.
The
Amundi
ETF,
which
is
passively
managed,
topped
the
3.28%
average
return
on
funds
in
the
equity
technology
category
for
the
second
quarter.
Over
the
last
12
months,
the
Amundi
ETF
has
returned
81.81%,
ahead
of
the
23.07%
gain
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
first
percentile.
Amundi
MSCI
Semiconductors
ESG
Screened
takes
environmental,
social,
and
governance
criteria
into
consideration.
This
fund
has
a
Morningstar
Medalist
Rating
of
Silver.
Invesco
Technology
S&P
US
Select
Sector
UCITS
ETF
•
Morningstar
Rating:
5
stars
•
Expense
Ratio:
0.14%
•
Morningstar
Category:
Equity
Technology
With
a
14.05%
return,
the
£856
million
Invesco
Technology
S&P
US
Select
Sector
ranked
fourth
in
the
quarter.
The
passively
managed
Invesco
ETF
outperformed
the
3.28%
return
on
the
average
equity
technology
fund.
Over
the
last
12
months,
the
fund
has
gained
48.19%,
ahead
of
the
23.07%
return
on
funds
in
its
category,
placing
it
in
the
seventh
percentile
for
the
period.
Invesco
Technology
S&P
US
Select
Sector
has
a
Bronze
Morningstar
Medalist
Rating.
It
was
launched
in
December
2009.
HSBC
MSCI
Taiwan
UCITS
Capped
ETF
•
Morningstar
Rating:
4
stars
•
Expense
Ratio:
0.50%
•
Morningstar
Category:
Taiwan
Large-Cap
Equity
The
fifth-best
performing
ETF
was
the
£116
million
HSBC
MSCI
Taiwan
UCITS
Capped
ETF,
which
gained
13.76%
in
the
second
quarter.
This
passively
managed
HSBC
ETF
beat
the
8.09%
average
return
on
funds
in
the
Taiwan
large-cap
equity
category.
Over
the
past
year,
the
ETF
rose
35.81%,
outperforming
the
32.79%
return
on
the
average
fund
in
its
category
and
placing
it
in
the
41st
percentile.
The
HSBC
MSCI
Taiwan
UCITS
Capped
ETF,
launched
in
March
2011,
has
a
Morningstar
Medalist
Rating
of
Neutral.
Global
X
Silver
Miners
UCITS
ETF
•
Morningstar
Rating:
N/A
•
Expense
Ratio:
0.70%
•
Morningstar
Category:
Equity
Precious
Metals
The
£66
million
Global
X
Silver
Miners
was
the
sixth-best
performing
UK
ETF
in
the
second
quarter,
with
a
13.75%
return.
The
return
on
the
passively
managed
Global
X
ETF
topped
the
7.49%
gain
on
the
average
fund
in
Morningstar’s
equity
precious
metals
category.
Looking
back
over
the
last
12
months,
Global
X
Silver
Miners
has
returned
19.20%,
outperforming
the
14.46%
return
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
30th
percentile.
The
Negative-rated
Global
X
Silver
Miners
was
launched
in
May
2022.
iShares
S&P
500
Information
Technology
Sector
UCITS
ETF
USD
(Acc)
•
Morningstar
Rating:
5
stars
•
Expense
Ratio:
0.15%
•
Morningstar
Category:
Equity
Technology
The
seventh-best
performing
ETF
in
the
second
quarter
was
the
£6.8
billion
iShares
S&P
500
Information
Technology
Sector.
The
passively
managed
iShares
ETF
returned
13.74%,
outperforming
the
average
equity
technology
fund,
which
gained
3.28%.
Looking
back
over
the
last
12
months,
iShares
S&P
500
Information
Technology
Sector
has
returned
43.04%,
outperforming
the
23.07%
return
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
13th
percentile.
iShares
S&P
500
Information
Technology
Sector
has
a
Morningstar
Medalist
Rating
of
Gold.
It
was
launched
in
November
2015.
iShares
MSCI
Taiwan
UCITS
ETF
•
Morningstar
Rating:
3
stars
•
Expense
Ratio:
0.74%
•
Morningstar
Category:
Taiwan
Large-Cap
Equity
The
£392
million
iShares
MSCI
Taiwan
ranked
eighth
for
the
quarter,
returning
13.57%.
The
iShares
ETF,
which
is
passively
managed,
topped
the
8.09%
average
gain
on
funds
in
the
Taiwan
large-cap
equity
category.
Over
the
last
12
months,
the
iShares
ETF
has
returned
34.87%,
ahead
of
the
32.79%
return
on
the
average
fund
in
its
category,
leaving
it
in
the
37th
percentile
for
performance.
The
Bronze-rated
iShares
MSCI
Taiwan
was
launched
in
October
2005.
Xtrackers
MSCI
Taiwan
UCITS
ETF
•
Morningstar
Rating:
4
stars
•
Expense
Ratio:
0.65%
•
Morningstar
Category:
Taiwan
Large-Cap
Equity
With
a
13.56%
gain,
the
£91
million
Xtrackers
MSCI
Taiwan
ranked
ninth
in
the
second
quarter.
The
passively
managed
Xtrackers
ETF
outperformed
the
8.09%
return
on
the
average
Taiwan
large-cap
equity
fund.
Over
the
last
12
months,
the
fund
has
returned
34.97%,
ahead
of
the
32.79%
return
on
funds
in
its
category,
placing
it
in
the
48th
percentile.
Xtrackers
MSCI
Taiwan,
launched
in
June
2007,
has
a
Morningstar
Medalist
Rating
of
Silver.
Xtrackers
MSCI
USA
Information
Technology
UCITS
ETF
•
Morningstar
Rating:
5
stars
•
Expense
Ratio:
0.12%
•
Morningstar
Category:
Equity
Technology
The
tenth-best
performing
ETF
was
the
£1.6
billion
Xtrackers
MSCI
USA
Information
Technology,
which
gained
12.65%
in
the
second
quarter.
The
passively
managed
Xtrackers
ETF
beat
the
3.28%
average
return
on
funds
in
the
equity
technology
category.
Over
the
past
year,
Xtrackers
MSCI
USA
Information
Technology
rose
41.26%,
outperforming
the
23.07%
return
on
the
average
fund
in
its
category
and
placing
it
in
the
16th
percentile.
Xtrackers
MSCI
USA
Information
Technology
has
a
Morningstar
Medalist
Rating
of
Silver.
It
was
launched
in
September
2017.
What
Are
ETFs?
Exchange-traded
funds
are
investments
that
trade
throughout
the
day
on
stock
exchanges,
much
like
individual
stocks.
They
differ
from
traditional
mutual
funds
–
known
as
open-end
funds
–
which
can
only
be
bought
or
sold
at
a
single
price
each
day.
Historically,
ETFs
have
tracked
indexes,
but
in
recent
years,
more
ETFs
have
been
actively
managed.
ETFs
cover
a
range
of
asset
classes,
including
stocks,
bonds,
commodities,
and
most
recently
cryptocurrency.
The
Best
ETFs:
More
Ideas
to
Consider
Investors
who
would
like
to
find
more
of
the
top-performing
or
cheapest
ETFs
can
do
the
following:
•
Read
the
latest
articles
on
ETFs.
•
Use
the
ETF
screener
to
find
the
best
ETFs
according
to
your
specific
criteria.
You
can
search
for
funds
based
on
their
fees,
Morningstar
Medalist
Ratings,
manager
tenures,
and
more.
•
Compare
funds
and
ETFs
side
by
side
and
easily
follow
their
valuations,
ratings,
and
fees.
This
article
was
compiled
by
Bella
Albrecht,
edited
by
Lauren
Solberg,
and
reviewed
by
Sunniva
Kolostyak.
This
article
was
generated
with
the
help
of
automation
and
reviewed
by
Morningstar
editors.
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