Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: EWP Loses 3.59%
June 19, 2012
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The iShares MSCI Spain ETF (NYSEArca: EWP) dropped 3.59 percent on Monday, as Spanish bond yields reached a record high above 7 percent and investors remain uneasy about the outcome of Sunday’s election in Greece. Emerging markets were affected by investors’ discomfort as well, with India seeming getting the worst of it. Two India-focused ETFs were among yesterday’s worst-performing funds, according to data compiled by IndexUniverse. The EGShares India Small Cap (NYSEArca: SCIN) lost 3.44 percent, while the PowerShares India Portfolio (NYSEArca: PIN) shed 3.09 percent. Volatility-related exchange-traded products filled out most of the list, performing poorly even though the Dow Jones industrial average dropped 25.35 points, or 0.20 percent, closing at 12,767.17 yesterday. These products typically move in the opposite direction of stocks, though the Nasdaq and the S&P 500 Index did finish higher. Best Performers The iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEArca: GAZ) and the United States Natural Gas Fund (NYSEArca: UNG) held the Nos. 1 and 2 spots yesterday, gaining 6.94 percent and 6.64 percent, respectively. The rally came in part because gas producers have slowed output and end-users such as utilities increased demand due to the relatively low price of the natural resource. The Global X Gold Explorers ETF (NYSEArca: GLDX) was on the rise as well, taking the No. 3 spot and returning 5.50 percent, as investors piled into funds tracking the precious metal in anticipation of another round of quantitative easing by the Federal Reserve. The U.S. central bank began a two-day policy meeting today, and some in financial markets are expecting the Fed to indicate whether it might launch “QE3” – so-called because it would be the third time since the economy faltered in 2008 that the Fed will have resorted to bond buying to keep rates low. The rest of the top-performers list was quiet varied with futures-focused funds commodities ETPs and equities-based technology ETFs making up much of the rest of the list. 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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