1 / Amundi MSCI Turkey UCITS ETF
With assets under management of €151m, this ETF is made up of 17 companies whose capitalization and liquidity are among the highest in the country.
Over the past year, Turkish stock markets have enjoyed a boom, with record gains. In the spring of 2023, President Erdogan approved sharp interest-rate hikes to combat inflation. The Turkish market is dominated by banking and finance companies, which have clearly benefited from the high rates. On the other hand, the government has approved measures to prioritize investment.
The ETF has gained 47.3% since the beginning of the year, helped by its financial stocks (28.9% of outstandings). The remainder is made up mainly of industrial companies (27.5%), non-cyclical consumer goods (16.1%), energy (8.3%) and materials (6.8%).
ETF identity card :
Assets under management: 151 MEUR
Number of positions: 17
ISIN code: LU1900067601
Ticker: TUR
Fees: 0.45
2 / iShares S&P 500 Information Technology Sector UCITS ETF
Unsurprisingly, American technology companies feature prominently in this ranking. The Magnificent Seven (Apple, Microsoft, Amazon, Alphabet, Nvidia, Tesla and Meta Platforms) have continued to lead the indices in recent quarters, thanks to their excellent results.
The iShares S&P 500 Information Technology Sector UCITS ETF gained 17.1% over the quarter. It comprises 67 holdings, but its top 10 represent around 75% of the investment. These include Microsoft (22.3%), Apple (19%), Nvidia (18%), Broadcom (5.2%), Advanced Micro Devices (1.9%), Salesforce (1.9%), Adobe (1.8%), Oracle (1.7%), Qualcomm (1.7%) and Applied Materials (1.5%).
ETF ID card:
Assets under management: $8.75 bn
Number of positions: 67
ISIN code: IE00B3WJKG14
Ticker: IUIT
Fees: 0.15
3 / HSBC MSCI Taiwan Capped UCITS ETF
This ETF invests in Taiwan's biggest companies, and if it's one of this quarter's top performers, it's almost entirely thanks to TSMC, the world's semiconductor factory. This giant alone accounts for 34.4% of the total. The other 87 companies share the rest of the pie, but with a clear dominance of technology stocks that followed in TSMC's footsteps, resulting in a very good overall performance (around +15%). Excluding TSMC, the best-represented companies were Hon Hai Precision Industry (7.3%), MediaTek (5.8%), Quanta Computer (2.3%), Delta Electronics (2.1%), CTBC Financial Holding (1.8%) and United Microelectronics (1.7%).
Note that a similar product is provided by Blackrock, the iShares MSCI Taiwan UCITS ETF with higher fees at 0.74% versus 0.5% for HSBC's.
ETF ID card:
Assets under management: $149m
Number of positions: 88
ISIN code: IE00B3S1J086
Ticker: HTWN
Fees: 0.50
You can find these ETFs on MarketScreener:
- ETF Turkey
- ETF technologies USA
- ETF Taiwan