Category: Stock Market

It turned out to be a pretty decent day for ASX shares and the S&P/ASX 200 Index (ASX: XJO) on Monday. By market close, the ASX 200 had picked up a healthy 0.59%, putting the index at just over 7,150 points. But it was a different story for the AMP Ltd (ASX: AMP) share price.

AMP shares had a shocker today. In direct defiance of the broader market’s good mood, the AMP share price lost a nasty 4.17%, leaving the financial services company at $1.27 a share.

So why were investors singling out AMP for some punishment today?

Well, it probably had something to do with the announcement the company put out this morning before market open.

AMP share price hits a snag over Collimate sale

This announcement is related to the deal AMP has inked with Dexus Property Group (ASX: DXS) for the sale of its Collimate Capital funds management business. The original deal was subject to a number of conditions being fulfilled by 27 January, one being the approval of regulators in China.

This is proving to be a sticking point, with AMP admitting that “there is uncertainty around achieving this date”.

As such, “AMP and Dexus have agreed to extend the date for satisfaction or waiver of conditions precedent to 28 February 2023″.

However, both parties have also agreed upon the following:

If the conditions precedent are not satisfied or waived by 26 January 2023, the base purchase price will be reduced by A$25 million to A$225 million, and the remaining potential funds under management (FUM) based earnout (currently A$26 million) will be forfeited.

So this is probably what weighed on the AMP share price today. It’s certainly not the news shareholders were probably hoping to hear when they woke up this morning. We’ll have to see what the rest of the week (and month) hold in store for AMP shares.

AMP had a cracking year in 2022, rising by 30.7%. But it remains a long way from its turn-of-the-century glory days when it was fetching upwards of $13 a share.

The post Why did the AMP share price crumble 4% on Monday? appeared first on The Motley Fool Australia.

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More reading

• Why AMP, Computershare, IAG, and Telix shares are dropping today
• Bought $1,000 of AMP shares 10 years ago? Here’s how much dividend income you’ve received

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) traded in the green on Monday, closing 0.59% higher at 7,151.3 points.

It followed a strong Friday session on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) closed last week with a 2.1% gain, the S&P 500 Index (SP: .INX) lifted 2.3%, while the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) rose 2.6%.

Interestingly, however, the S&P/ASX 200 Information Technology Index (ASX: XIJ) dragged on the Aussie bourse today. It fell 0.6% amid a 5.5% tumble posted by the Computershare Limited (ASX: CPU) share price.

On the other hand, the S&P/ASX 200 Energy Index (ASX: XEJ) posted a 1.4% gain, while the S&P/ASX 200 Materials Index (ASX: XMJ) lifted 1%.

All in all, nine of the ASX 200’s 11 sectors closed higher on Monday. But which stock posted the biggest gain? Let’s take a look.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 share was Paladin Energy Ltd (ASX: PDN).

Stock in the uranium explorer and producer gained 9.9% today to close at 74.8 cents despite the company’s silence.

These shares made today’s biggest gains:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Looking to buy South32 shares? Here are the key dates to watch in 2023
• Why Argosy Minerals, Block, Essential Metals, and Resolute shares are storming higher
• Will 2023 bring gains for ASX 200 shares? Here’s what Citi is forecasting
• Mineral mania: 5 ASX 200 mining shares smashing new highs on Monday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block and Megaport. The Motley Fool Australia has positions in and has recommended Block. The Motley Fool Australia has recommended Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Commonwealth Bank of Australia (ASX: CBA) shares have always been a popular choice for ASX investors seeking dividend income. No doubt this trend will continue in 2023. But should it?

Since we are at the start of the year, it might be a good chance to examine some ASX articles of faith such as these and see if they still hold true. So let’s check out what might be in store for CBA’s dividend this year and beyond.

So let’s start at the beginning. Last year, Commonwealth Bank shares paid out two dividends. The first was the interim dividend of $1.75 per share that investors received in March. The second was the final dividend of $2.10 per share that was doled out in September.

Both dividends, as is typical with CBA, came fully franked.

Commonwealth Bank shares were trading at $103.47 each, up 0.31% at the market close today. At this pricing, those two dividend payments give the CBA share price a trailing dividend yield of 3.72%. That grosses up to 5.31% with the full franking.

So that’s where we’re starting out at. If an investor picks up CBA shares at this price today, and the bank manages to pay out exactly the same dividends in 2023 as it did in 2022, then investors can expect to receive a yield of 3.72% on their capital.

That’s decent, but arguably nothing spectacular. Many savings accounts and term deposits offer better yields in this era of rising interest rates.

But what if CBA juices up its dividends this year? Well, if that happened, investors would enjoy an even greater yield on cost.

ASX broker tips higher dividends from CBA shares

ASX broker Morgans reckons CBA will indeed be in a position to give income investors a dividend pay rise. As my Fool colleague covered late last month, the broker expects CBA shares to pay out a total of $4.10 in dividend income per share in FY2023.

Even better for investors, Morgans reckons CBA will up its game again in FY2024, with total dividends per share of $4.55.

If these scenarios were to be realised, these dividends would give CBA shares a forward yield of 3.96% and 4.4%, respectively, on the current CBA share price.

So if these numbers turn out to be accurate, CBA could indeed be a solid buy for ASX dividend income in 2023. But we shall have to wait and see what CBA pulls out of its dividend hat.

The post Are CBA shares worth buying for dividend income in 2023? appeared first on The Motley Fool Australia.

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More reading

• How different is the Vanguard Australian Shares Index ETF (VAS) now compared to a year ago?
• Will 2023 get better for ASX 200 shares?
• ASX 200 shares to rise by up to 7% in 2023: CBA
• ASX financial shares lifted the ASX 200 today
• Here’s how I plan to recession-proof my ASX share portfolio this year

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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While the market volatility has been disappointing for investors over the last 12 months, it has potentially created some great buying opportunities for investors.

Two ASX shares that have fallen heavily and could be worth considering are listed below. Here’s what experts are saying about them:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first beaten down ASX share to look at is Domino’s. This pizza chain operator’s shares have lost 40% of their value over the last 12 months.

This has been driven by concerns over the impact of inflationary pressures on both consumers and its margins.

The team at Morgans appears to believe that this is a temporary issue and remains very positive on the long term. Particularly given the company’s bold expansion plans. In light of this, the broker has put an add rating and $90.00 price target on its shares.

Morgans commented:

Cost inflation and adverse FX movements present significant challenges to earnings at present, as evidenced by EBIT margins, which fell from 13.4% in FY21 to 11.5% in FY22. […] We believe these pressures are transitory in nature. In our opinion, now is the best time to consider an investment in a quality business like DMP that is facing headwinds that will reverse in time.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has been hammered over the last 12 months and has lost over half of its value. This has been driven by a de-rating of tech shares amid rising interest rates and global economic growth concerns.

Goldman Sachs appears to believe this has left the online furniture and homewares retailer’s shares trading at a very attractive level. In fact, it has put a buy rating and $7.50 price target on the company’s shares, which implies over 50% upside.

Thanks to the shift online and its strong market position, Goldman is expecting Temple & Webster to grow its EBITDA at a rapid rate over the next decade. It commented:

We view TPW as one of the strongest long term structural growth opportunities in our coverage and forecast a +22% EBITDA CAGR over the next 10 years. Despite the pull forward in online penetration, TPW still only has c.3.5% population penetration and c.2% share of the total category which provides a long term runway for growth. We believe the market is underestimating the long term potential of this business given near term macro headwinds across the category.

The post These beaten down ASX shares are cheap buys: experts appeared first on The Motley Fool Australia.

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More reading

• 3 ASX growth shares to buy with huge upside potential – analysts
• 2 excellent ASX growth shares that analysts say are buys in January
• 3 of the best ASX shares I’d buy now for a stock market rally in 2023
• Here’s how I’ll be investing my money in ASX shares in 2023
• 23 ASX shares to buy in 2023 – brokers

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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What is investing?

It should be a simple question, with a simple answer, right?

And yet, I think if I polled my readers, I’d get a range of answers.

Moreover, I think people who read these thoughts probably have a relatively similar approach.

So if I asked a broader group of people, I’d almost certainly get an even larger spread.

Is it ‘playing the stock market’?

‘Buying and selling shares (or property)’?

‘Gambling’?

‘Speculation’?

Or something else?

And what does it mean to be an investor?

My thinking was prompted by a very clever article that’s (again) doing the rounds of social media. I don’t know the source, unfortunately, but it’s incredibly clever.

It nicely skewers much of what we consider ‘financial reporting’.

You know the ‘race calling’ of what happened on the ASX (or other markets) today.

Company X was up 0.4%.

Sector Y fell 0.3%.

That sort of stuff.

Seriously, have a read:

But, I have to say, while the parody is very funny, we need to be careful not to be too cynical.

The reporting is often factual, and does answer the sorts of questions that investors tend to ask.

The oil price falling usually leads to lower share prices for oil and gas drillers.

The likelihood of higher interest rates usually means higher bank share prices.

And so on.

The news media have a role in both reporting and explaining those things, and I think the article is probably too harsh on that part.

But where it’s spot on is the ‘so what’.

The oil price might fall today.

And rise tomorrow.

And fall the day after.

It might be higher in a week, and then lower in a month.

Which kinda puts the knee-jerk daily market responses in the right (ridiculous) light, huh?

Let’s say you own shares in Fossil Fuels R Us (ASX: AGW), and the oil price is higher today.

That’s – and I know you know this – one single day in 365 this year.

And over those 365 days, the oil price will move around like a tail-ender facing a Mitchell Starc barrage.

Now, stick with me here.

The profits of said oil driller are going to be the sum-total of the prices received every single day of the next year.

Which are both unknowable and probably volatile.

Meaning reacting to a single day’s price movement is… pretty silly, to put it kindly.

Can you imagine updating the value of a cafe every day, based on the change in the number of coffees sold?

Madness, clearly.

And yet…

And yet, that’s precisely what the stock market does.

But ‘the stock market’ isn’t all of us. Here’s why:

See, I own shares in around two-dozen companies.

I didn’t buy or sell any of them today.

You probably didn’t either.

It’s not ‘shareholders’ who impact the price.

It’s just those who transact on a given day.

Which makes daily market-watching even sillier.

Do you know who bought and sold BHP Group Ltd (ASX: BHP) shares today?

Do you know why?

And even if you did, do you know if those people are even worth paying attention to?

Are they any good? Are they often right? Do they get emotional? Are they having a good or bad day? Are they long term investors? Trend-followers? Day traders?

And yet, despite not knowing the answer to any of these questions, it’s those people we ask, when we wonder what our BHP shares are worth, every time we check the share price.

Which doesn’t make a lot of sense, does it?

And that takes me nicely back to my initial question: what is investing?

Because once you have your answer, it lets you put both the news and the noise in perspective.

After more than 20 years in this caper, I think I’ve worked out the answer.

Not the only answer, perhaps – different people have different views – but the answer that I think works best for me, and the one I’ve been using to advise our members now for over a decade.

And, importantly, the answer that I think gives us the best chance of really significant long-term wealth creation.

I don’t want to try to out-trade high-frequency algorithmic computers. I’ll lose.

And I don’t want to try to beat momentum traders or trading ‘systems’ at their own game, with questionable strategies and even less certain odds of success.

And I keep the hell away from options trading.

The other thing?

Those tend to be zero-sum games: if I win, you have to lose.

My version of investing?

Well, the history of the stock market is very compelling. Which isn’t a guarantee, of course, but for more than a century, it’s been the story of phenomenal long-term value creation.

So there are a few clues there.

First, investing, over time, is probably going to continue to be a positive value creation game, not zero-sum.

Next, I think the value tends to (and will likely continue to tend to) accrue to the patient, over the active.

And I reckon that thinking like a business owner will beat trying to guess daily gyrations. Going back to my example, above, I reckon thinking about the value of a cafe’s long term future beats focusing on the pops and dives of the oil price.

That lets you ask (and have a stab at answering) some very different questions.

Which businesses do I think have the brightest long-term futures?

Which businesses are trading at attractive prices, relative to those futures?

And… that’s it.

I mean, that’s not the end of the process, of course. Each of those questions is answered by digging a little deeper.

But those are the two headline questions. And they’re very different to most of the noise of ‘finance’.

It doesn’t matter what happened to the Australian dollar overnight. Or to the oil price today.

It doesn’t matter what happened on Wall Street last night, or what some ‘expert’ thinks will happen on the ASX in 2023.

It takes some effort to tune out or deprioritise the daily ASX ‘race calling’.

Especially when share prices are falling, and you’re feeling the pain.

(It’s just as hard to tune out when they’re rising, by the way… it just doesn’t hurt!)

But you need to.

You need to change your focus to the businesses themselves, and the opportunities they have in front of them – over the long term.

Because that’s investing.

Fool on!

The post What is investing? appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• Guess which ASX gold share has boomed 50% on an ‘extraordinary’ strike
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why AMP, Computershare, IAG, and Telix shares are dropping today
• Looking to buy South32 shares? Here are the key dates to watch in 2023

Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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With some brokers still taking a break over the holiday period, there haven’t been many research notes released.

But don’t worry because listed below are three recent broker buy recommendations that still have plenty of upside potential.

Here’s why brokers think these ASX shares are in the buy zone:

Allkem Ltd (ASX: AKE)

According to a note out of Goldman Sachs, its analysts have a buy rating and $15.20 price target on this lithium miner’s shares. Although the broker is expecting lithium prices to weaken substantially in the next 18 months, it remains positive on Allkem. This is due to its attractive valuation at under 1x NAV and its plan to grow production 4x by FY 2027. The broker expects the latter to offset lower lithium prices. The Allkem share price is trading at $11.94 on Monday.

HMC Capital Ltd (ASX: HMC)

A note out of Morgans reveals that its analysts have an add rating and $5.85 price target on this property development company’s shares. Morgans highlights that the HMC Capital share price has fallen heavily amid broad weakness in the REIT sector. Its analysts feel that this has created a buying opportunity for investors. Particularly given its capital light business model and track record for executing on complex deals. The HMC share price is fetching $4.42 on Monday.

Rio Tinto Ltd (ASX: RIO)

Analysts at Morgan Stanley have an overweight rating and $125.00 price target on this mining giant’s shares. The broker believes that Rio Tinto is well-placed to benefit from an increase in spot commodity prices in recent months. In fact, the broker has recently upgraded its earnings estimates for the miner to reflect this. The Rio Tinto share price is trading at $118.38 this afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 iron ore shares jumping higher today?
• What’s the outlook for ASX 200 lithium shares in 2023?
• Will 2023 get better for ASX 200 shares?
• Top brokers name 3 ASX shares to buy next week
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has positions in Allkem. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s proved to be a spectacular day for ASX gold share Tempus Resources Ltd (ASX: TMR). The tiny miner has struck gold in a big way, with assays from its Elizabeth Project returning whopping finds.

The stock was halted at 5.4 cents on Friday afternoon, likely leaving investors wondering what today might bring. And no doubt, many were pleasantly surprised this morning.

The company revealed assays results from five drill holes conducted at the project shortly after the ASX opened this morning, sending the gold share soaring.

At its highest point of today’s session, the Tempus Resources share price reached 9.2 cents – marking a 70% gain.

Since then, the stock has fallen slightly to trade near the market close at 8.1 cents. That’s still 50% higher than its previous close.

Let’s take a closer look at the whopping find driving the ASX gold share on Monday.

What’s going right for this ASX gold share?

The Tempus Resources share price is rocketing after the company announced assays revealing more ‘bonanza’ grade gold mineralisation over wide zones at its Elizabeth Project.

The drill holes related to today’s news were conducted at the project’s No. 9 Vein, Blue Vein, and West and Main Veins.

Drilling at the No. 9 Vein returned 28.1 grams of gold per tonne over 28.5m, setting a new record in terms of combined grade and width for the project.

Tempus Resources president and CEO Jason Bahnsen dubbed the result “extraordinary”, saying:

[It intersected] certainly one of the best intersections I have seen during a +30-year career.

Assays have also extended bonanza and high-grade zones at both the No.9 Vein and the Blue Vein to more than 150m each in strike.

Bahnsen noted it’s possible the veins were joined. If so, there is the potential for additional gold mineralisation at the intersection and more extensions along the strike to the southwest.

Assays from the West and Main Veins provide more confirmation the veins extend around 220m beyond the previous drilling – thereby extending the vein sets to around 400m.

The company is still awaiting results from another six drill holes, including holes targeting the above-mentioned veins.

Sadly, though, today’s gain hasn’t been enough to boost the ASX gold share back into the long-term green. The stock has fallen 36% since this time last year.

The post Guess which ASX gold share has boomed 50% on an ‘extraordinary’ strike appeared first on The Motley Fool Australia.

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More reading

• What is investing?
• Leading brokers name 3 ASX shares to buy today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why AMP, Computershare, IAG, and Telix shares are dropping today
• Looking to buy South32 shares? Here are the key dates to watch in 2023

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has kicked off this week’s trading on a positive note.

At the time of writing, the ASX 200 has gained a reasonable 0.57% so far, which puts the index at just under 7,150 points. At this point, it has been a very happy new year for the ASX indeed, with the index’s year-to-date gains now sitting at close to 3%. 

But let’s now dig a little deeper by taking a look at the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

South32 Ltd (ASX: S32)

First up this Monday is the ASX 200 mining giant South32. A hefty 13.82 million South32 shares have changed hands during today’s session so far. There hasn’t been much out of the company itself today that might explain this volume.

But that hasn’t stopped the South32 share price from popping by a healthy 4.24% today to $4.43 a share at present. It’s this sharp rise that probably explains the volumes we are witnessing.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have ASX 200 lithium producer Pilbara Minerals. This Monday has seen a sizable 17.82 million Pilbara shares bought and sold at this point. We haven’t seen any ASX announcements out of Pilbara today, or indeed in 2023 as of yet.

So this volume can probably be explained by the machinations of the Pilbara share price itself. Pilbara has had a bumpy day this Monday. The company is currently up by 0.13% to $3.96 a share. But Pilbara has shown a bit of volatility today, bouncing between $3.92 and $4.06 a share. This could be the cause of Pilbara’s presence on this list.

Core Lithium Ltd (ASX: CXO)

Finally, we have another ASX 200 lithium share in Core Lithium. A notable 18.06 million Core Lithium shares have been exchanged on the ASX thus far this Monday. We’ve also seen some significant volatility with this ASX 200 share today, with Core trading between $1.19 and $1.27 a share over the course of this session.

We did get a new announcement from the company this morning. This discussed the relocation of the company’s head office to Perth, as well as the appointment of two new executives, including chief financial officer Andrew Forman.

So perhaps it is a combination of these factors that is leading Core Lithium to top our most traded shares list today.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• Looking to buy South32 shares? Here are the key dates to watch in 2023
• Will 2023 bring gains for ASX 200 shares? Here’s what Citi is forecasting
• Mineral mania: 5 ASX 200 mining shares smashing new highs on Monday
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decent gain. At the time of writing, the benchmark index is up 0.55% to 7,148.9 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

AMP Ltd (ASX: AMP)

The AMP share price is down over 4% to $1.26. Investors have been selling this financial services company’s shares after it released an update on the divestment of its Colimate Capital businesses. AMP continues to wait for approval for the transfer of its interest in China Life AMP Asset Management. There is a danger that if this drag on any longer the transaction could be reduced in value or even terminated.

Computershare Limited (ASX: CPU)

The Computershare share price is down 5.5% to $24.25. This may have been driven by optimism that interest rates won’t rise as much as fear amid signs of easing inflation in the United States. While this is good news for the share market, it is a small blow to Computershare which benefits greatly from higher interest rates.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price is down 1.5% to $4.68. This morning, this insurance giant announced its 2023 reinsurance program. IAG’s CFO Michelle McPherson said: “Global reinsurance has become more challenging over the past year due to the impact of capital markets and Australian and international natural peril events.”

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price is down almost 5% to $7.05. This follows the release of the radiopharmaceuticals company’s trading update this morning. Telix reported unaudited revenue of $76.8 million for the fourth quarter of 2022. While this is a 39% quarter on quarter increase, it appears to have fallen a touch short of expectations.

The post Why AMP, Computershare, IAG, and Telix shares are dropping today appeared first on The Motley Fool Australia.

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More reading

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• Here are the top 10 ASX 200 shares today
• Bell Potter names the ASX healthcare shares to buy in 2023
• The 3 best-performing ASX 200 healthcare shares of 2022 revealed
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has positions in Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Insurance Australia Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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2022 was a rather rough year for ASX shares and the S&P/ASX 200 Index (ASX: XJO). Over the year just passed, the ASX 200 fell by a depressing 5.5%, ensuring that any ASX exchange-traded fund (ETF) tracking the ASX 200 Index would have fallen by a similar amount

But that doesn’t mean all ASX ETFs had a rough year. So let’s check out the three best-performing ETFs from last year. Just to be clear, we’ll go off the change in unit prices alone over the year here.

The top 3 ASX ETFs of 2022 revealed

BetaShares U.S. Equities Strong Bear Fund (ASX: BBUS)

First up is this inverse ETF from BetaSahres. Inverse ETFs are designed to rise in value when the value of the index they track falls. In the Strong Bear Fund’s case, the returns are also leveraged. This means that a 1% fall in the US market will generally give this ETF a boost of between 2% and 2.75%.

The US markets had an even worse year than the ASX 200 in 2022, with the S&P 500 Index (SP: .INX) falling by more than 19%. So it’s perhaps no surprise that this ETF had a cracking year.

Strong Bear Fund units started 2022 at $8.22, but finished up at $10.82, meaning investors enjoyed a total capital gain of 31.63% for the year.

BetaShares Global Energy Companies ETF (ASX: FUEL)

Another fund from BetaShares, this one is a little different. The Global Energy Companies ETF is not an inverse or leveraged fund. It simply tracks a basket of global energy giants operating in the oil and gas industries. These include well-known names like Exxon Mobil, Shell, BP and Chevron.

2022 saw oil and gas prices skyrocket thanks to a potent mix of geopolitical and economic challenges. This resulted in a very pleasing year for these kinds of companies.

We can see this reflected in the Global Energy Companies ETF’s unit price. This ETF started last year at a price of $4.69 but finished up at $6.46. That’s a gain worth 37.74%.

Global X Ultra Short Nasdaq 100 Hedge Fund (ASX: SNAS)

Our final and best-performing ETF of 2022 is another inverse, leveraged fund. The Global X Ultra Short Nasdaq 100 Hedge Fund is designed to move in the opposite direction to the US Nasdaq 100 Index.

The Nasdaq 100 is an index that reflects 100 of the largest companies on the tech-heavy NASDAQ exchange over in the US.

The Nasdaq 100 had a horrible 2022, falling by almost 33% last year. That’s a perfect storm for a cracking year for this ETF. The Ultra Short Nasdaq Fund started 2022 off at $3.04 per unit but ended the year at $5.53. That’s a gain worth a stellar 81.9%.

The post Here are the 3 best-performing ASX ETFs of 2022 appeared first on The Motley Fool Australia.

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More reading

• Looking to buy Woodside shares? Trader says oil price has 90% upside
• Why is the Fortescue share price lagging the ASX 200 materials sector today?
• Could this put another rocket under the price of ASX 200 coal shares?
• Mineral mania: 5 ASX 200 mining shares smashing new highs on Monday
• The A2 Milk share price rocketed 20% in 2022. Is it too late to buy for 2023?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BP. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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