CI Global Climate Leaders ETF (TSX:CLML) has emerged as a surprising winner in the stock market this year, defying the odds to achieve an impressive 36% year-to-date growth. This ETF focuses on companies leading the way in climate-related initiatives, thereby aligning investors’ portfolios with the transition to a more sustainable future. Noteworthy investments in Nvidia and Constellation Energy have contributed to the ETF’s success.
On the commodities front, the Horizons Copper Producers Index ETF (TSX:COPP) has also seen significant growth of almost 30% year-to-date due to the high demand for copper. As a crucial industrial metal used in various sectors, copper’s demand serves as a barometer for economic activity and industrial growth. The ETF primarily invests in companies engaged in the exploration, development, and production of copper, with notable gains from Lundin Mining and Capstone Copper.
Rounding out the list is the CI Global Alpha Innovation ETF C$ Series (TSX:CINV), which has posted a respectable 13% year-to-date increase. This ETF focuses on tracking large-cap technology stocks benefiting from investments in artificial intelligence (AI) and other innovative sectors. By capitalizing on companies driving innovation and disruption, CINV ETF aims to identify firms with high growth potential and competitive advantages.
In a market dominated by oil and gas producers, these three best-performing ETFs offer investors alternative opportunities for growth and diversification. While the CI Global Climate Leaders ETF thrives on climate-related initiatives, the Horizons Copper Producers Index ETF capitalizes on the demand for copper, and the CI Global Alpha Innovation ETF taps into the world of technology and innovation. With their unique strategies and strong performances, these ETFs present compelling options for investors looking to navigate the ever-changing landscape of the stock market in 2024.
