Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: GREK, EWP Jump
July 02, 2012
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The Global X FTSE Greece 20 ETF (NYSEArca: GREK) was the best-performing fund Friday, June 29, tagging on gains of more than 9 percent on the heels of what turned out to be a surprisingly productive two-day summit of European leaders. Having expected no tangible outcome from the summit, the market rallied Friday when news emerged that European leaders had agreed to feed billions of euros into the region to stimulate growth and to take decisive action to reduce borrowing costs for troubled economies such as Spain’s and Italy’s. The Dow Jones industrial average rallied 2.2 percent on the day to close 277.83 points higher at 12,880.09. The S&P 500 Index also gained nearly 2.5 percent. The iShares MSCI Spain Index Fund (NYSEArca: EWP) was another Europe-linked ETF that ranked among the day’s best performers, tagging on 7.3 percent in gains as more than 2.1 million shares were traded. Aside from Europe-related equities, oil-focused funds dominated IndexUniverse’s top-performers list Friday, as NYMEX crude oil prices rallied more than 9 percent after having sunk to an eight-month-low the day before. Crude oil for August delivery rose 9.4 percent to close at $84.96 a barrel. The United States Oil Fund (NYSEArca: USO) surged nearly 8 percent amid a massive 20.4 million shares in volume. The PowerShares DB Oil ETF (NYSEArca: DBO)—as well as a roster of oil-linked ETNs—was also a strong performer, tagging on gains of 7 percent. On the flip side, the Global X China Materials ETF (NYSEArca: CHIM) shed 2.3 percent in value, ranking among the worst-performing funds on Friday.
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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