Top ETF performers of the week: Colombia and Commodity ETFs

Colombia and Soft Commodity ETFs topped the weekly best performers list

Colombian shares on the rise

Colombia’s main index, the COLCAP, went green for five straight days and ended last week up by +3.2%. The rally was bolstered by stronger investor inflows as the government announces that it will sign contracts for new road projects. The Colombia peso also jumped by more than 3% during that span, further adding to investors’ appetite.

Transport Minister Angela Maria Orozco said that she will sign contracts for road projects worth $5.39 billion before the government term ends next year. The plan will rejuvenate Colombia’s infrastructure, which is considered as one of the main factors holding back the economy.

Fondo Bursátil iShares COLCAP ETF (ICOLCAP), rose by 6.8% last week, followed by Global X Colombia Select ETF (HCOLSEL) and iShares MSCI Colombia Capped ETF (ICOL) with +6.5% and +6.1% respectively. All three ETFs invest in large cap Colombian Equities.

Soft Commodities prices soar as production falter

This year’s mix of drought and frost had dented sugar, wheat, corn and coffee production prospects in Brazil and other large soft commodities exporters, potentially leading to a global deficit in the 2021/22 season. The negative outlook pushed some soft commodities prices to all-time highs and switch exporters to importers to meet demands.

As a result, ETFs or ETCs (exchange traded commodities) with exposure to these edible commodities have soared in prices.

In Europe, WisdomTree Sugar (SUGA) posted +6.50% in weekly returns. This ETC exposes you to sugar, as a commodity. Others ETCs with positive weekly performance are WisdomTree Wheat (WHEAT) and WisdomTree Cocoa (COCO) with +5.50% and +5.20% gains respectively.

In America, the top performer was Teucrium Wheat Fund (WEAT) with +6.41%

Honorable Mentions: Crypto ETFs, European Insurers and Breakwave Dry Bulk Shipping ETF

Cryptocurrencies continue their bullish run as total Crypto market tops $2 trillion for the first time in nearly 3 months, led by Bitcoin and Ethereum. Crypto ETFs have dominated our weekly top or bottom ETF lists due to their wild swing. This week, our European list was topped by 21Shares Cardano ETP with +44% gains. In our American list, Evolve Ether ETF led the charge with +16%.

European Insurers had a nice run last week with several majors Zurich insurance group and Aegon NV reported strong earnings in the first half while British insurer Aviva rose 3.3% after saying it would return at least 4 billion pounds to shareholders. Invesco STOXX Europe 600 Optimised Insurance UCITS ETF increased by +4.00% last week

Also, the Breakwave Dry Bulk Shipping ETF continue to shine as the best performing ETF year-to-date with an added weekly gain of +5.50%

Top 10 ETFs of the Week: Columbia and Soft Commodities ETFs (note: Cryptos are excluded)

Europe

• WisdomTree Sugar: +6.50%
• WisdomTree Wheat: +5.50%
• WisdomTree Cocoa: +5.20%
• WisdomTree Softs: +4.50%
• ZKB Platinum ETF: +4.30%
• L&G US Energy Infrastructure MLP UCITS ETF: +4.20%
• Invesco STOXX Europe 600 Optimised Insurance UCITS ETF: +4.00%
• Lyxor STOXX Europe 600 Insurance UCITS ETF: +3.90%
• iShares STOXX Europe 600 Insurance UCITS ETF: +3.90%
• WisdomTree Coffee - EUR Daily Hedged: +3.80%

Americas

• Fondo Bursátil iShares COLCAP: +6.82%
• Global X Colombia Select ETF: +6.5%
• Teucrium Wheat Fund: +6.41%
• Roundhill Sports Betting & iGaming ETF: +6.08%
• Global X MSCI Colombia ETF: +6.06%
• Invesco DWA Basic Materials Momentum ETF: +5.81%
• iShares MSCI Colombia Capped ETF: +5.61%
• Breakwave Dry Bulk Shipping ETF: +5.50%
• SPDR S&P Metals and Mining ETF: +5.35%
• InfraCap MLP ETF: +5.24%

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