The second quarter of 2020 was the best quarter for Wall Street since 1998 despite coronavirus-led lockdowns in various parts of the globe. The unprecedented stimulus measures by global central banks and governments made this possible.
Though the market momentum was especially upbeat in the middle of the quarter, it slackened a bit in June. Rising coronavirus cases with the unlocking of economies disturbed the momentum occasionally in June.
Interestingly, if we screen the top-performing ETFs of June, we will have a host of China ETFs in the top 15 list. These funds come mainly from the technology, healthcare and clean energy segments. Let’s tell you what made these ETFs winners in June.
The coronavirus-led social distancing trend has given a boost to technology all over the world. People indulged in the work-learn-entertainment-from-home trend. As a result, Chinese Internet and tech ETFs that house stocks like Tencent, Alibaba, JD.Com,