12 ASX exchange-traded funds (ETFs) smashing new 52-week highs today

We have not one, not two, but a dozen new 52-week highs to discuss.

Three businesspeople leap high with the CBD in the background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's been a fairly positive day for ASX shares and the S&P/ASX 200 Index (ASX: XJO) so far this Thursday. After falling over both Tuesday and yesterday, the ASX 200 has recovered somewhat this session, posting a current gain of 0.49%. But it's been a far better day for the ASX's exchange-traded fund (ETF) sector.

Today, we have seen not one, not five, not 10, but 12 ASX ETFs hit new 52-week highs.

Here's the whole dozen, plus the new 52-week high each has hit this Thursday:

  • VanEck MSCI International Quality ETF (ASX: QUAL), with a new high of $42.04 per unit
  • BetaShares NASDAQ 100 ETF (ASX: NDQ), at $31.71
  • iShares Global 100 ETF (ASX: IOO) at $109.77
  • Vanguard Ethically Conscious International Shares Index ETF (ASX: VESG) at $71.43
  • iShares Core MSCI World ex-Aus ESG Leaders ETF (ASX: IWLD) at $43.81
  • iShares MSCI Japan ETF (ASX: IJP) at $92.92
  • Global X FANG+ ETF (ASX: FANG) at $16.29
  • BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ) at $11.78
  • BetaShares Japan ETF (ASX: HJPN) at $15.88
  • VanEck Video Gaming and Esports ETF (ASX: ESPO) at $9.90
  • BetaShares Global Shares ETF (ASX: BGBL) at $51.23
  • Global X S&P 500 Covered Call ETF (ASX: UYLD) at $10.93

So, a happy day for these ETFs and their ASX investors today, to be sure.

Not so-cheaper by the dozen: Why are these 12 ASX exchange-traded funds at new highs today?

You might notice that all 12 of these ASX exchange-traded funds have something in common. The whole dozen represent international shares. Yep, there are no ASX-tracking ETFs here, index funds or otherwise.

In fact, 10 out of the 12 ASX exchange-traded funds on this list are heavily weighted to United States markets, with the two exceptions being the Japanese-focused funds.

So there are two primary reasons why these ETFs are doing so well today. The first is the Australian dollar. It was only last week that the Aussie dollar was closing on being able to buy 68 US cents. But this week, our coal currency has taken a bit of a dip and is buying closer to 66.5 US cents right now.

That might not seem like a big difference, but it is worth a lot when you have a portfolio of American or Japanese shares. If our dollar buys fewer US dollars or yen, then investments denominated in these currencies are worth more when priced in Australian dollars. As such, all 12 of these ETFs are benefitting enormously from the falling currency.

The second is the strength of the US and Japanese markets in general. Last night alone, we saw the US S&P 500 Index add a healthy 1.19%, with big names like Amazon.com and Alphabet recording a 1.85% and 1.16% gain respectively.

And in Tokyo, the Nikkei 225 Index has added 1.46% today thus far, after putting on almost 4% so far this week.

So with these two factors in play, it's not too surprising to see these ASX exchange-traded funds that are heavy with US and Japanese shares clock new 52-week highs today.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended VanEck Vectors Video Gaming And eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ETFs

A smiling woman with a satisfied look on her face lies on a rug in her home with her laptop open and a large cup on the floor nearby, gazing at the screen. researching new ETFs

Why Vanguard MSCI Index International Shares ETF (VGS) is a great buy for almost anyone

I love this ETF for its portfolio.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.

Buy these ASX ETFs for easy passive income

These ETFs could be great options if you're looking for easy income.

Read more »

digitised face hovering above share investor looking at computer screens
Share Market News

The pros and cons of buying the Global X Fang+ ETF (FANG) right now

Should we take a bite of the FANG ETF?

Read more »

A young man wearing glasses writes down his stock picks in his living room.

3 reasons to buy another ASX ETF over the Vanguard Australian Shares Index ETF (VAS)

Here’s why the VAS ETF may not always be the best choice.

Read more »

ETF spelt out with a rising green arrow.

3 excellent ASX ETFs to buy in March

Here are a few ETFs to consider this autumn.

Read more »

a man smiles broadly as he holds up five fingers on one hand and two fingers on the other hand.
Technology Shares

How to invest in the magnificent seven stocks on the ASX

Want to invest in the magnificent seven? It's easy on the ASX.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.

14% in 4 months: How has the Vanguard Australian Shares ETF (VAS) managed it?

These ETF investors have had a massive few months.

Read more »

The sea's vastness is rivalled only by the refreshing feel of the drinks two friends share as they saunter along its edge, symbolising passive income.
Dividend Investing

$7,000 of money to spare? Here's how I'd aim to turn that into $1,000 in annual extra income

ASX dividend shares can provide investors with a tidy extra income.

Read more »