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January's Biggest ETF Winners; Can They Keep It Up?
By Devon Layne | February 02, 2012

Related ETFs: EGPT / SCIF / URA

After witnessing declines in 2011, stock ETFs tracking India, Egypt as well as uranium led the pack in terms of gains for the month of January, according to an article on Investor’s Business Daily.

The Market Vectors India Small Cap Index ETF (NYSEArca: SCIF) jumped 34 percent, making it January’s leading fund, according to the article.

The gains posted by India-focused ETFs may be fueled by the now-calmer global markets and not necessarily due to changes in the Indian economy, according to the report, which cites Fred Gibson, an economist at Moody’s Analytics.

Other funds mentioned for their surprising turnarounds in January included the Market Vectors Egypt Index ETF (NYSEArca: EGPT) and the Global X Uranium ETF (NYSEArca: URA). Both rose about 29 percent in January, the article said.

Head over to Investors.com for the full story.

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