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Alternate-traded funds targeted on bitcoin (BTC-USD), blockchain know-how and the Indian economic system represented the top-performing themes throughout H1 2024, Ned Davis Analysis stated.
The Grayscale Bitcoin Belief ETF (GBTC) topped NDR’s record launched Thursday as a part of its mid-year outlook, Grayscale’s John Hoffman on the Searching for Alpha Summit final week predicted that crypto is “going to be in each portfolio” over the following 20 years.
To this point in 2024, the MSCI World Index (URTH) has gained 11%. The S&P 500 (SP500)(SPY)(VOO) has superior ~15%, powered largely by mega-cap tech shares together with Nvidia (NVDA) and Meta (META).
Right here’s NDR’s record of themes and ETFs with YTD performances by early Friday. *ETF’s weight within the ‘Magnificent 7’ are in parenthesis:
- Theme: Bitcoin – Grayscale Bitcoin Belief ETF (GBTC) – YTD acquire: 54.5%
- Theme: Blockchain – Amplify Transformational Information Sharing ETF (BLOK)*(1.4) – YTD acquire: 20.3%
- Theme: India – Columbia India Client (INCO) – YTD acquire: 19.2%
- Theme: 5G & IoT – Defiance 5G Subsequent Gen Connectivity ETF (FIVG) *(12.9) – YTD acquire: 16.5%
- Theme: Video Video games – VanEck Video Gaming and eSports ETF (ESPO) – YTD acquire: 18.3%
- Theme: Local weather Change – Xtrackers MSCI USA Local weather Motion Fairness ETF (USCA)*(32.0) – YTD acquire: 16.3%
- SPDR S&P 500 ETF Belief (SPY)*(32.5) – YTD acquire: 15.3%
- Theme: AI & Automation – International X Synthetic Intelligence & Expertise ETF (AIQ)*(24.1) – YTD acquire: 14.7%
- Theme: ESG – iShares ESG Conscious MSCI USA ETF (ESGU)*(31.0) – YTD acquire: 14.6%
- Theme: Metaverse: Roundhill Ball Metaverse ETF (METV)*(33.7) – YTD acquire: 14.5%
- Theme: Environmental Providers – VanEck Environmental Providers ETF (EVX) – YTD acquire: 11.9%
- Theme: MLPs – Alerian MLP ETF (AMLP) – YTD acquire: 12%
- Theme: Millennials International X Millennials Client ETF (MILN)
- *(12.8) – YTD acquire: 9.1%
- Theme: Gold/Silver Miners – VanEck Gold Miners ETF (GDX) – YTD acquire: 10.7%
- Theme: Rising Markets – The Rising Markets Web & Ecommerce ETF (EMQQ) – YTD acquire: 8.3%
