Thread by @Nerina_Visser

#2022ETFScorecard – a thread of 10 key insights from the performance of @JSE_Group-listed #ETFs in 2022
NOTE: Past performance is no indication of future performance. This is not advice for 2023.

#2022ETFScorecard 1/10 Top 3 themes: Platinum (#NGPLT 17.3% #ETFPLT 16.9%); SA Value (#GIVISA 15.2% #DIVTRX 14.2% #STXDIV 12.8% #NFEVAL 10.9% #SMART 9.1% #STXRAF 8.6%); Gold (#KCCGLD 6.6% #GLD 6.6% ETFGLD 6.5%)

#2022ETFScorecard 2/10 Good performance special mention to interest-sensitive investments: Preference shares (#PREFTX 11.6%); SA Financials (#STXFIN 9.7%); Namibian government bonds (#NFNAMB 7.9%); SA cash (#NFTRCI 5.1%)

#2022ETFScorecard 3/10 Worst 3 themes: Tech (#SYG4IR -30.3% #STXNDQ -29.0% #ETF5IT -24.2%); Global Property (#NEWPRP -24.8% #GLPROP -20.9% #SYGP -20.0% #ETFGRE -17.8%); EMs (#SYGEMF -24.4% #STXCHN -16.6% #STXEME -16.3% #STXEMG -14.4%)

#2022ETFScorecard 4/10 Poor performance special mention to US equities: #SYGUS -15.2% #STX500 -13.5% #ETF500 -13.3% #SYG500 -13.0% #CSP500 -12.5%

#2022ETFScorecard 5/10 Local better than global with average of all local #ETFs 4.3% vs. global of -13.4% despite #ZARUSD depreciation of 8.1%

#2022ETFScorecard 6/10 Equities and Bonds broad-based indices all below inflation: SA equities (from 3.5% to 5.0%) vs. SA bonds (from 2.4% to 4.0%); Global equities (from -11.6% to -13.0%) vs. Global bonds (from -3.3% to -12.8%)

#2022ETFScorecard 7/10 It pays to be selective in local property #CSPROP 2.5% (focussed on yield not size); #ETFSAP -0.9% (only local primary listings); #STXPRO -3.3% (includes primary listings offshore)

#2022ETFScorecard 8/10 Precious Metal Commodities: Platinum (#NGPLT 17.3% #ETFPLT 16.9%) and Gold (#KCCGLD 6.6% #GLD 6.6% ETFGLD 6.5%) positive; Rhodium (#ETFRHO -10.8%) and Palladium (#ETFPLD -1.7% #NGPLD -1.4%) negative

#2022ETFScorecard 9/10 Smart Beta (factors, thematics) outperformed Vanilla (market-cap based) on average (5.4% local -13.1% global vs. 3.7% local -14.1% global) but it varied a lot (from 15.2% to -1.5% local, 1.0% to -30.3% global)

#2022ETFScorecard 10/10 Special mention to some smart beta #ETFs: #value in SA (11.8% on average); healthcare (#SYGH 1.0%), infrastructure (#STXIFR -0.5%) in global markets but beware the poor performers (#NFEMOM -1.5% #SYG4IR -30.3%)