Last year's hottest US exchange-traded funds were focused on the technology themes that did well during the pandemic. And the hottest of all, Cathie Wood's ARK Innovation ETF, proved it was no one-hit wonder.
It says a lot about the stellar 2020 performance of United States technology stocks that the best-performing actively managed equity fund in Australia does not make it into the US top 20.
The best-performing Australian equity fund in 2020 was the Collins St Value Fund, which was up 43.6 per cent, according to the Mercer Investment survey of 79 funds published on Tuesday.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
