The QRE ETF holds 55 local resource stocks but its dominated by BHP which makes up around 37% of the ETF, followed by RIO and Woodside both ~8%. In our opinion the momentum with which this ETF breaks to new highs will determine where we are in the resources cycle but we can see surprises being on the upside.
- We are initially looking for the QRE ETF to test $11, around 7% higher suggesting BHP will trade above $60 in the coming months.
While we remain bullish towards the miners preparation is an important part of investing, and today we’ve looked at four local ETFs that could offer value later in 2026 – note there is a gap in the ASX-ETF market with no retail or healthcare ETFs that focus on ASX stocks.