The three months to 31 March was a relatively volatile period for ASX shares, on account of geopolitical tensions, rising inflation and expectations of potential interest rate hikes. Stocks struggled even as the ASX 200 Index ended up with
gain of 0.7% for the quarter.
ETFs delivered strong returns during the March quarter. Now it's time to check out the
3 best-performing ASX ETFs of the quarter.
1.
$VanEck Gold Miners ETF (GDX.AU)$VanEck Gold Miners ETF, formerly VanEck Vectors Gold Miners ETF, gives investors exposure to a diversified portfolio of companies involved in the gold mining industry. It invests in a portfolio of global gold miners including Newcrest Mining and Newmont Corp. The ETF delivered a return of
over 17% in the March quarter.
2.
$BetaShares Australian Res Sect ETF (QRE.AU)$BetaShares Australian Resources Sector ETF invests in metals, mining, and energy stocks. The portfolio includes popular ASX-listed stocks such as BHP Group, Rio Tinto, Newcrest Mining, Woodside Petroleum, Nickel Mines and Liontown Resources. The ETF delivered a return of
nearly 18% in the March quarter.
3.
SPDR S&P/ASX 200 Resources Fund (ASX:OZR)There are many similarities between SPDR S&P/ASX 200 Resources Fund and BetaShares Australian Resources Sector ETF. OZR also invests in metals, mining, and energy stocks. There are many similar companies in the portfolios of the two funds. SPDR S&P/ASX 200 Resources Fund delivered a return of
nearly 18% in the March quarter.