Over the last 12 months, the Australian share market has been a relatively strong performer.
During this time, the benchmark index has risen by 8%.
While this is positive, there are plenty of exchange-traded funds (ETFs) that have delivered stronger returns.
For example, three ASX ETFs that have achieved this are listed below. Here's what you need to know about them and why they could continue to outperform:
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BetaShares Global Cybersecurity ETF (ASX: HACK)
The BetaShares Global Cybersecurity ETF has been on form over the last 12 months. During this time, the fund has smashed the market with a 33% return. Investors have been buying this ETF for exposure to the rapidly growing cybersecurity sector.
The good news is that the sector has been tipped to continue its meteoric growth long into the future. This is being underpinned by the shift to the cloud, artificial intelligence, and the increasing prevalence of cybercrime.
This bodes well for the companies that are held by the BetaShares Global Cybersecurity ETF. This includes leaders such as Accenture, Cisco, Crowdstrike, and Palo Alto Networks.
Betashares Global Uranium ETF (ASX: URNM)
Another ASX ETF that has smashed the market over the last 12 months has been the Betashares Global Uranium ETF. This fund has risen by an astonishing 95% since this time last year thanks to sky high uranium prices and optimism over nuclear power adoption as a clean energy.
And while this fund is unlikely to deliver such incredible returns again over the next 12 months, it appears well-placed to continue being a market-beater. This is because uranium demand is increasing at a time when supply is tightening. This has many believing that uranium prices are only going higher from here over the coming years.
Included in the fund are locally listed uranium developers Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN).
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
A third ASX ETF that has beaten the market over the past 12 months is the VanEck Vectors Video Gaming and eSports ETF. Over this time, the popular fund has generated a return of 25%.
Investors appear attracted to the growing video games and eSports markets. In respect to the former, there are estimated to be almost 3 billion active gamers globally.
And with these markets tipped to continue to grow over the next decade, this bodes well for the companies included in the fund. These are gaming industry titans such as Electronic Arts, Nintendo, Roblox, and Take-Two.
