Last Week’s Top-Performing ETF Areas: China, Electric Vehicles, Cannabis, and Turkey

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During the last week, the following ETF areas performed exceptionally well:

  1. China: The Global X MSCI China Real Estate ETF (CHIR) recorded a gain of 16.1%. This ETF tracks the MSCI China Real Estate 10/50 Index, which includes companies from the real estate sector in the MSCI China Index. The fund has an expense ratio of 66 bps and provides an annual yield of 5.58%.
  2. Electric Vehicles: The Defiance Pure Electric Vehicle ETF (EVXX) surged by 23.6%. This ETF aims to track the performance of the five largest electric vehicle manufacturers included in the Solactive Pure US Electric Vehicle Index, with equal-weighted positions on a quarterly basis. The fund has an expense ratio of 68 bps.
  3. Cannabis: The Global X Cannabis ETF (POTX) saw a significant increase of 10.4%. This ETF provides exposure to exchange-listed companies actively involved in the cannabis industry. It has an expense ratio of 51 bps and yields 4.27% annually.
  4. Turkey: The iShares MSCI Turkey ETF (TUR) showed a growth of 6.5%. The underlying MSCI Turkey IMI 25/50 Index measures the performance of the broad-based equity market in Turkey, consisting of stocks primarily traded on the Istanbul Stock Exchange. The fund has an expense ratio of 58 bps and yields 3.76% annually.
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