US President Donald Trump’s hardline approach to China and Iran paid off for investors who bet on commodity-focused exchange-traded products. JSE-listed exchange-traded funds (ETFs) that track commodities — especially oil and rhodium — outperformed those tracking equities in the quarter to June, according to a report by etfsa.co.za. Two commodities recently lifted by Trump’s foreign policy direction topped the list comparing the JSE’s 92 exchange-traded products on Wednesday. South African investors’ best bet in terms of equities would have been an ETF tracking US markets. ETFs can be bought and sold like shares, allowing investors to track a basket of assets through a single investment product.
Rhodium ETF The June quarter provided ammunition for those on the traditional, low-cost, market-cap weighted index tracking side of the passive versus active debate. According to the report, Satrix’s resources 10 index tracker gained 20.34%, while Absa NewFunds S&P Givi Resi ETF, which...
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