5 Best Performing Growth ETFs in 2022

In this article, we will discuss the 5 best performing growth ETFs in 2022. If you want to explore similar ETFs, you can also read 10 Best Performing Growth ETFs in 2022.

5. Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)

YTD Return as of December 8: -18.04%

The Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) invests in small-cap growth stocks. The fund tracks the returns of the S&P SmallCap 600 Capped Information Technology Index and employs a full replication technique. The Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) has an expense ratio of 0.29% and holds $316 million in assets under management, as of December 8.

The Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) is placed high on our list of the best performing growth ETFs in 2022. The fund has shed 18.04% year to date, as of December 8, and has outperformed the Nasdaq by over 12%. The fund has 71 holdings and a top ten holdings concentration of 32.70%.

Among the top holdings of the Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) we have Fabrinet (NYSE:FN), a leading provider optical packaging and precision optical, electro-mechanical and electronic manufacturing services. As of September 30, Royce & Associates is the dominant shareholder in Fabrinet (NYSE:FN) and has disclosed a position of $32.2 million.

On November 8, Needham analyst Alex Henderson raised his price target on Fabrinet (NYSE:FN) to $140 from $135 and reiterated a Buy rating on the shares.