Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: EEML Up 4.67%
June 25, 2012
The iShares MSCI Emerging Markets Latin America (NYSEArca: EEML) was one of the best-performing ETPs on Friday, returning 4.67 percent, as investors looked to take on a bit of risk the day after a sharp sell-off of global equities.
EEML was in the No. 2 slot, and just below it were the Global X China Materials ETF (NYSEArca: CHIM) and the iShares MSCI Spain ETF (NYSEArca: EWP), which roses 4.46 percent and 4.31 percent, respectively.
U.S. equities benefited from the momentary relief caused by lowering eurozone selling pressures. The Dow Jones industrial average went up 67.20, or 0.53 percent, closing at 12,641 before the weekend began. But on Monday, selling pressure was back, as investors worried a European Union summit scheduled for later this week would probably not generate much in terms of tangible results.
Contrary to other volatility-linked products, the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) jumped 11.11 percent, making it Friday’s best-performing exchange-traded product.
The Market Vectors Junior Gold Miners (NYSEArca: GDXJ) was the worst-performing, nonvolatility-linked fund on Friday, shedding 7.73 percent, as gold prices face head wind as long as the dollar strengthens.
Volatility-linked ETPs dominated the worst-performers list once more, as a generally positive U.S. stock market resulted in losses for these products.
The iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEArca: GAZ) held the No. 6 spot on the “Bottom 10 1-Day Performers” list, falling 6.16 percent. GAZ is unusually volatile because its creations were halted in 2009, and since then it has deviated quite a lot from its underlying net asset value.
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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