In this article, we will talk about the ETFs with the best returns during the month of August. An extremely interesting month for the economy and the stock market, with inflation starting to decline little by little but still not reaching the central bank's target and the unemployment rate increasing by a few points, all this while the rise of artificial intelligence is on the lips of all major corporations and the retail industry faces problems due to changes in the market's consumption patterns.
Large companies representing the S&P 500 concluded their quarterly reports, where we observed significant gains in the technology sector derived from the great interest in Artificial Intelligence, where NVIDIA has been one of the main beneficiaries of the topic.
However, on this occasion, we will focus on the indices that have had great performance in the last 30 days. We provide you with a brief description and the category to which each one belongs.
Equity ETF - Dynamic Energy Exploration & Production ETF (PXE)
1 Month Performance: 15.37%. Expense Ratio: 0.63%. Assets under management: $162.55 million
This ETF seeks to replicate the performance of the Dynamic Energy Exploration & Production Intellidex Index which includes companies related to energy exploration, extraction and production, especially in the oil and gas sector. PXE provides investors with an efficient way to gain exposure to this specific part of the energy industry,
Bond ETF - iShares iBonds Dec 2023 Term Muni Bond ETF (IBML)
Desempenho em 1 mês: 0,28% Índice de despesas: 0,28%. Expense Ratio: 0.18%. Assets under management: $455.06 million
ETF designed to provide investors with exposure to short-term municipal bonds maturing in December 2023. This ETF seeks to replicate the performance of high-quality, short-duration municipal bonds issued by U.S. local and regional governments.
Fixed Income ETF - FolioBeyond Alternative Income & Interest Rate Hedge ETF (RISR)
1 Month Performance: 4.34%. Expense Ratio: 0.99%. Assets Under Management: $57.5 million
This ETF uses a diversified approach that combines a portfolio of bonds and fixed income assets with short positions in interest rate futures to help mitigate the negative impact of rising interest rates on the portfolio. This combination of strategies is intended to provide investors with a more stable source of income and potentially reduce portfolio volatility in a changing interest rate environment.
Commodity ETF - Breakwave Dry Bulk Shipping ETF (BDRY)
Expense Ratio: 2.85%. Assets under management: $77.95 million
ETF that seeks to replicate the performance of the Breakwave Dry Bulk Shipping Index, designed to measure the performance of dry freight futures. This ETF focuses on the dry bulk shipping sector, which involves the transportation of commodities such as iron ore, coal, grain and other similar materials. The fund invests in financial derivatives, such as dry freight futures, to gain exposure to this market.
Currency ETF - Invesco DB US Dollar Index Bullish Fund (UUP)
1-Month Performance: 4.2% Expense Ratio: 4.2%. Expense Ratio: 0.78%. Assets Under Management: $536.21 million
Exchange-traded fund designed to track the performance of the US Dollar Index Bullish which measures the appreciation of the US dollar relative to a basket of six major currencies, assigning significant weight to each, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
*This is an illustrative example and does not represent an investment recommendation.