Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: Commodities Hit
June 01, 2012
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Commodities ETFs were among the worst-performing funds Thursday, as investors continued to express their views that a financially troubled Europe could take a bite out of global demand for commodities. The PowerShares Global Coal Portfolio (NYSEArca: PKOL) dropped 2.7 percent Thursday, while the SPDR S&P Metals and Mining Fund (NYSEArca: XME) shed 2.6 percent amid hefty trading volume that neared 4 million shares. Other funds such as the Teucrium Soybeans ETF (NYSEArca: SOYB) and the Market Vectors Coal ETF (NYSEArca: KOL) also gave up ground in Thursday’s session, shedding 2.5 percent and 2.4 percent, respectively. Emerging-market-focused ETFs were also under pressure. A couple of Market Vectors ETFs tapping into Indonesia and India, as well as the broader IQ Emerging Markets Mid Cap ETF (NYSEArca: EMER), lost ground. EMER dropped roughly 2.8 percent on the day. The overall stock market was weak, closing the last session in May lower, with the Dow Jones industrial average down 26.41 points, or 0.21 percent, at 12,393.45, putting an end to its seven-month gaining streak. Top Performers The best-performing fund was, interestingly, a commodities ETN: the PowerShares DB Agriculture Long ETN (NYSEArca: AGF), which saw gains of 2.9 percent, but the fund remains small overall, with total assets of just under $10.5 million. Another commodities fund that diverged from the flock was the iPath Dow Jones-UBS Livestock Total Return ETN (NYSEArca: COW), which tagged on 2 percent on the day, pushing its total assets to near $53 million. Livestock prices are supported by the seasonal factors such as the kick-off to the U.S.' barbecue season. The market’s only Greece-focused ETF, the Global X FTSE Greece 20 ETF (NYSEArca: GREK), was also among the best-performing funds Thursday, gaining more than 2 percent on the day. GREK has been a regular member of IndexUniverse’s “Best/Worst Daily ETF Returns” list, as investors tug with their exposure to the country that is at the center of Europe’s financial debacle. Still, GREK has under $3 million in assets.
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges. |
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