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Highlights
ETFs provide investors with an option to access many shares via a single investment.
Rising inflation and interest rates have kept tech market investors on the tenterhooks.
Many tech ETFs are facing pressure on account of weakness in tech stocks.
The year 2022 has been tricky for the tech sector so far. The concerns on rising inflation and interest rates have added a lot of uncertainty to the sector. While exchange-traded funds (ETFs) are considered good options to combat the effects of inflation, these funds too have faced pressure of late.
On this note, let’s discuss how these three ASX-listed ETFs have performed in the past month:
BetaShares Asia Technology Tigers ETF (ASX:ASIA)
BetaShares Asia Technology Tigers ETF provides investors exposure to the top 50 tech and online retail stocks. Alibaba, Tencent, JD.com, Pinduoduo, and Baidu are a few big Asian firms which are part of the ETF.
The tech fund has witnessed pressure so far in 2022 on account of weakness in tech stocks and concerns around extended COVID-19 lockdowns in China.
In the past month, BetaShares Asia Technology Tigers ETF has given a negative return of 0.14% (as of 30 May 2022).
The ETF has given a negative return of nearly 22% on a YTD (year-to-date) basis while in the past one year, it has provided a negative return of over 35%. In the last five years, the ETF has given a return of nearly 20%.
BetaShares Crypto Innovators ETF (ASX:CRYP)
BetaShares Crypto Innovators ETF tracks the performance of an index that provides exposure to global companies which are at the forefront of the crypto economy. Coinbase, Riot Blockchain, and Microstrategy are among the 50 firms which are part of the ETF.
The fund has also felt the pinch due to slowdown in the tech sector and uncertainty in the cryptocurrency market.
In the past month, BetaShares Crypto Innovators ETF has given a negative return of 28.51%.
The ETF has given a negative return of nearly 59% on a YTD basis and a negative return of over 71% in the past one year. In the last five years, the ETF has again given a negative return of over 71%.
VanEck Vectors Video Gaming and Esports ETF (ASX:ESPO)
VanEck Vectors Video Gaming and Esports ETF is into video gaming and e-sports. The ETF includes companies which work in the field of video game development, hardware, and esports.
Tencent, Nvidia, Activision Blizzard, Netease, Nintendo, Advanced Micro Devices, Electronic Arts, Nexon, Bandai Namco and Zynga are among the largest companies comprising the fund.
In the past month, VanEck Vectors Video Gaming and Esports ETF has given a return of 3.95%.
The ETF has given a negative return of nearly 20% on a YTD basis while in the past one year, it has provided a negative return of nearly 17%. In the last five years, the ETF has given a negative return of over 7%.
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