Best and Worst Performing ETFs in May

Gold price and mining stocks have made a comeback, while crypto funds have struggled after more tweets from Elon Musk and a warning from the People’s Bank of China 

Valerio Baselli 10 June, 2021 | 8:54AM
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According to Morningstar data, there are about 60 percentage points between the best and worst performing European exchange-traded products (ETPs) in May, with returns for the month ranging from 14.6% to -45%.

We have looked at the key trends in the fifth month of the year, excluding inverse and leveraged funds. These instruments, being purely passive products, reflect the evolution of the markets without the bias (good or bad) of an active manager.

The Leaders

The Top 20 of Exchange traded products (ETPs) is led in May by the Market Access NYSE Arca Gold BUGS Index UCITS ETF (GOLB), which invests in an equally weighted basket containing the major companies active in the extraction of gold; currently, the benchmark counts 51 components.

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Valerio Baselli

Valerio Baselli  is an Editor at Morningstar Italy.

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