The latest in the world of mutual funds, ETFs and other asset allocation vehicles, the Best Investment Companies Index is out.
Read more The report, which is based on information from more than 5,000 ETFs around the world, found that the top 10 stocks in Australia have a combined market capitalisation of $1.6 trillion.
This is more than double the combined market cap of the 10 largest U.S. companies.
The top 20 stocks in the country have a market capitalization of $5.2 trillion.
And it’s not just the top performers that are making a lot of money in Australia.
The best ETFs in Australia are all over the place.
The 10 best ETF picks for the year are:Australian Mutual Fund ETF (AIMX) is the best ETF for those looking to invest in a variety of industries including technology, real estate, and healthcare.
It’s the second-best for companies in Australia, after tech company Intuit.
It also ranks as Australia’s best-performing ETF for healthcare.
Australian Government Bonds ETF (AGAX) is Australia’s third-best ETF for equities and is ranked second in the Asia Pacific region.
Its the best in Australia for technology, manufacturing, financial services, technology, and health.
Australian Real Estate ETF (AREX) ranks as the best Australian Real Estate fund for the first time in its history.
Its also ranked second for equity, fourth for technology and fifth for manufacturing.
American Mutual Fund (AMEX) ranks second for the Asia-Pacific region, while the best American ETF is the American Retirement Savings (ARSA) which is ranked fifth in the Pacific region and ranks second in Australia’s index.
Australian Equity ETF (ASX) ranked second best in the United States for the second year running, trailing only the American Municipal Bond Index.
The most under-valued ETF in Australia is the Australian Stock Exchange ETF (ASC).
It’s the fourth-most under-valued ETF in the region, behind the Australian Government Bond ETF and the Australian Real Property ETF.
Australian Small Cap ETF (ABX) was ranked fourth-best by the Australian Securities and Investments Commission.
It ranked fifth for the United Kingdom and sixth for Australia.