Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: GREK Adds 8.72%
June 18, 2012
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The Global X Greek FTSE 20 (NYSEArca: GREK) was the best performing ETF on Friday, June 15, rising 8.72 percent as global markets surged higher on hopes of more central bank stimulus to support the global economy and that that Greece’s election would minimize recent volatility. With the election now over, Greece has decided to support the pro-bailout party, though how that affects GREK given its recent volatility and ongoing uncertainty in the eurozone is hard to predict. Energy and precious metals rallied as well, as rallying stock markets put investors in a bullish mood. The Dow Jones industrial average jumped 115 points, or 0.91 percent, during Friday’s trading session, helped by hopes the Federal Reserve might assist the U.S. economy given recent eurozone headwinds it faces. The Guggenheim Solar ETF (NYSEArca: TAN) led the energy sector, gaining 4.40 percent while PowerShares Global Coal Portfolio (NYSEArca: PKOL) was up 3.79 percent. The futures-based United State Copper Fund (NYSEArca: CPER) outshined other metal funds, returning 3.63 percent, while the equities-based EGShares Basic Materials GEMS ETF (NYSEArca: LGEM) gained 3.21 percent. Bottom Performers Egypt concluded its first democratic presidential elections on Sunday, and investors seemed to be uneasy about the results, as Market Vectors Egypt took a dive, falling 3.64 percent on Friday. VIX-related ETPs held most of the spots on the worst-performers list, as the products typically move sharply in the opposite direction as the stock market. Gold and natural gas funds meanwhile fell, with the Global X Gold Explorers ETF (NYSEArca: GLDX) down 2.20 percent, while the United States Natural Gas Fund (NYSEArca: UNG) shed 2.11 percent. Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
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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