British investors love FTSE 100 exchange-traded funds (ETFs). And this is understandable as the Footsie’s the UK’s main stock market index.
It can pay to look at other ETFs though. Here’s a product that’s delivered far higher returns than FTSE 100 tracker funds over the last decade.
Incredible long-term returns
The product in focus today is the iShares NASDAQ 100 UCITS ETF (LSE: CNDX). This is an ETF that tracks the tech-focused Nasdaq 100 index.
Over the 10-year period to the end of July, this fund returned 424.52% (in US dollar terms). That compares to a return of 80.65% (in GBP terms) for the iShares Core FTSE 100 UCITS ETF (Acc), which tracks the FTSE 100 index and includes all dividends.
It means that, ignoring currency movements, the Nasdaq 100 ETF generated roughly 5.3 times the return from the FTSE 100 ETF.
When currency movements (the weak pound) are factored in, it delivered around seven times the return of the Footsie…
