Cash, technology and uranium exchange-traded funds (ETFs) were among the most popular and best performing of the past year, while renewable energy ETFs have delivered some of the poorest results, according to the 2023 Stockspot ETF report.
Australian investors are piling into cash ETFs after 12 cash rate rises by the Reserve Bank of Australia. The most rapid tightening cycle in a generation has made investing in cash a “no brainer”, Stockspot chief executive and founder Chris Brycki said.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
