
Global ETFs are currently leading the momentum rankings, followed by gold and select domestic sectors. The latest scan of 44 ETFs highlights strong momentum across global markets, gold, metals, defence, capital markets, auto, PSU banks and pharma. Prashant Shah, Founder & CEO, Definedge Securities, explains how the ranking framework identifies leading ETFs based on relative performance and changing market trends. Global ETFs feature prominently as domestic benchmarks underperform, while gold has returned to the momentum list after a period of correction. The strategy provides exposure to multiple themes and asset classes as market leadership continues to rotate.