Here Are the Top ETFs to Invest In For the Rest of 2023
Key takeaways
- ETFs can be a lower-risk and diversified way of investing in the stock market
- The iShares MSCI Japan ETF is a good option for those looking to capitalize on international trends
- On the home front, the Vanguard Information Technology Index Fund ETF and US Global Jets ETF have also posted winning returns so far
Exchange-traded funds (ETFs) are a popular way to invest in the market, but the choice can be overwhelming. We’ve identified below some of the top-performing ETFs on the market recently to help you navigate the field — but remember, these aren’t recommendations, just some ideas to get you started with your own research.
ETFs feature in many of Q.ai’s Foundation Kits, which aim to simplify investing using a neat AI algorithm. With themes spanning from technology to global trends and different risk levels, they cater to both investment veterans and novices. The AI does the heavy lifting, aiming to optimize the value you gain from each cent without the upfront hassle.
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Top ETF picks
Some prefer to invest in ETFs because they’re usually cheaper, offer more transparency, and are pretty flexible compared to mutual funds. Here are some top performers this year.
iShares MSCI Japan ETF
One way to diversify your portfolio is with international assets. If you didn’t know already, the Japanese stock market has been flying this year — a pretty unusual statement, given that Japan has seen three decades of economic stagnation. Now Warren Buffett is pouring money into Japanese companies and the Nikkei is hitting fresh 30-year highs.
The BlackRock-run iShares MSCI Japan ETF offers broad exposure to the Japanese stock market, including large and mid-sized companies. So far it’s seen a 13.16% return since the start of 2023; given the Japanese stock market is still expected to perform well in the latter half of the year, it’s an ETF to consider for international investing.
Vanguard Information Technology Index Fund ETF
The tech market has seen some pretty incredible returns this year, with the Nasdaq recording its best half-year performance in four decades. But picking out individual stocks like Nvidia or Tesla isn’t a good strategy — and that’s where tech ETFs come in.
The Vanguard Information Technology Index Fund ETF has seen a 39.77% lift to its performance this year and hit a 52-week high in May. The ETF has a Zacks rating of a medium-risk outlook, suggesting there’s further outperformance to be had this year.
US Global Jets ETF
The travel industry is set to be another winner this year as close to three years of lockdowns have left consumers hungry for international travel. As a result, the US Global Jets ETF has gained 26.22% so far in 2023.
As companies like Delta, American Airlines and Southwest Airlines have all updated their guidance for the year as consumer demand continues, expect the stocks — and this ETF — to continue flying high.
The bottom line
ETFs are a great way to get into investing, and with a range of different sector options, there’s something for everyone. You can use AI investing to make the process even easier because it handles the upfront research for you, making ETF investing even more accessible.
Get complete diversification and help to spread your investment risk with Q.ai’s Foundation Kits. They use a state-of-the-art AI algorithm to trawl through data and predict high-performing assets weekly. It then reweights each Kit’s holdings to help ensure you get the most value from every investment, sparing you the initial hard work.
Download Q.ai today for access to AI-powered investment strategies.
