Ever wondered which exchange traded funds (ETFs) other people are buying?
Well, Commonwealth Bank of Australia (ASX: CBA) has spilled the beans on this and revealed the three most popular ETFs of 2024 so far.
Let's see which funds are the most popular on the CommSec platform. They are as follows:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Unsurprisingly, the most popular ETF among CommSec investors is the BetaShares NASDAQ 100 ETF.
This fund is filled to the brim with some of the highest quality stocks the world has to offer. This includes iconic companies such as Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA).
The good news is that this fund has delivered for investors this year. At the end of October, it has recorded a gain of approximately 22%. CommSec said:
In news that will surprise no-one: AI innovation continues to reshape our lives thanks to the offerings from high-growth tech companies like Apple, Amazon and Google. We're seeing leaps in cloud computing, advancements in AI-driven speech recognition and smarter advertising algorithms that enhance social media engagement. The progress is driving both growth and opportunity across the tech landscape.
iShares Core S&P/ASX 200 ETF (ASX: IOZ)
Another ASX ETF that is popular with investors is the iShares Core S&P/ASX 200 ETF. As its name implies, this fund gives investors access to the 200 ASX shares listed on the benchmark ASX 200 index.
It has had a reasonably successful 10 months, rising almost 7% during the period. Commenting on the fund, CommSec said:
One reason CommSec investors love this ETF is that it's an easy and affordable way to get exposure across Australia's equity market. In other words, you get a diversified portfolio with one fund that covers the top 200 companies listed on the Australian Securities Exchange. In 2024, growth has been partly boosted by Aussie tech stocks, major banks and solid gains from our retailers.
iShares Global 100 ETF (ASX: IOO)
Finally, the third most popular ASX ETF has been the iShares Global 100 ETF. It gives investors access to 100 of the biggest and best blue chips in the world.
And luckily for buyers, it has delivered impressive returns during the first 10 months of 2024. Over the period, the ETF achieved a return of 27%. Speaking about the fund, CommSec said:
The fund's tech-heavy focus (about 43%) has really been the star of its impressive performance, with AI-driven innovations shaking up industries everywhere. Even beyond tech, companies like Procter & Gamble and LVMH are getting in on the action, using digital tools to enhance customer experiences and streamline how they operate. It's not just about gadgets – it's about how companies across sectors are tapping into tech to stay ahead.
