November has been a good month for the U.S. stock market. Fresh hopes of smaller interest rate hikes, following an easing in consumer prices, have rekindled investors’ risk-on trading. However, the re-emergence of recessionary fears after renewed COVID-19 outbreaks in China and a weakening global growth outlook continued to weigh on sentiments.
While there have been winners in many corners of the space, we highlight five ETFs from different industries that outperformed in November. The funds are Credit Suisse S&P MLP ETN (MLPO), Sprott Junior Gold Miners ETFSGDJ, Global X Copper Miners ETFCOPX, VanEck Vectors Steel ETF SLX, and Global X Social Media Index ETFSOCL. These are likely to continue outperforming should the trends prevail.
