Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: ARGT Up 8.72%
July 05, 2012
The Global X FTSE Argentina 20 ETF (NYSEArca: ARGT) was the best-performing exchange-traded fund Tuesday, July 3, tagging on gains of more than 8.7 percent amid rising stock prices.
Tuesday’s gains came as the Dow Jones industrial average rose 0.6 percent, or 72.43 points to close near its intraday high of 12,943.82. The local Argentine stock market was also up Tuesday, along with a rise across many Latin American equities markets.
Interestingly, ARGT’s rise came despite a lack of fresh asset inflows, and has done little to erase the fund’s year-to-date losses of nearly 20 percent. The fund has less than $3 million in assets.
A group of oil-linked strategies were also some of the best-performing funds Tuesday, as investors continued to find good buying opportunities in the energy sector. Oil prices continued to rebound from recent lows.
The United States Oil Fund (NYSEArca: USO) rallied 4.8 percent on the day, with nearly 14 million shares trading hands. The $1.39 billion fund has tagged on roughly 10 percent in gains in the last five days alone as oil prices rise.
NYMEX crude oil for August delivery ended Tuesday 4.7 percent higher at $87.66 a barrel.
The Market Vectors Unconventional Oil & Gas ETF (NYSEArca: FRAK) and a group of oil ETNs also saw gains of at least 4 percent in the day.
On the flip side, a couple of fixed-income funds were among the day’s bottom performers.
The AdvisorShares Madrona Forward Global Bond ETF (NYSEArca: FWDB) and the Vanguard Extended Duration Treasury ETF (NYSEArca: EDV) gave up 1.6 percent and 1.3 percent, respectively.
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.