Two Vanguard ETFs are outperforming the S&P 500 this year: the Information Technology ETF (VGT), up 21% driven by semiconductor companies benefiting from AI demand, and the Energy ETF (VDE), benefiting from Middle East conflicts and elevated energy prices. Both ETFs are concentrated in top holdings but positioned to finish ahead of the S&P 500.
Axe note: Vanguard’s tech and energy ETFs lead the US market, with clear implications for JSE investors and the rand.