Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: GREK Off 18.6%
May 18, 2012
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The Global X FTSE Greece 20 ETF (NYSEArca: GREK) was last week’s worst-performing exchange-traded product, a fitting outcome when investors have been on tenterhooks regarding the fate of Greece in the eurozone. Funds linked to the global appetite for commodities were also hammered last week, starting with the Global X S&P/TSX Venture 30 Canada ETF (NYSEArca: TSXV), which has its share of companies in the materials and energy industries. TSXV fell 14.16 percent, according to data compiled by IndexUniverse. Greece has yet to form a government since its elections earlier this month, and investors are bracing for a backlash against austerity measures aimed at setting Greece on course to pay down its considerable debts. Spain meanwhile is looking vulnerable too amid the downgrade of many banks there, adding to the euro gloom. The Market Vectors Vietnam ETF (NYSEArca: VNM) meanwhile fell about 14 percent in the five trading days ended May 17, giving back some of its sharp gains so far this year. The fund remains almost 29 percent higher on the year, according to data posted on Google Finance. Solar energy-related investments continued to be quite poor, with the Market Vectors Solar Energy ETF (NYSEArca: KWT) and the Guggenheim Solar ETF (NYSEArca: TAN) losing 13 and 11.27 percent, respectively. Alternative energy investments are closely linked to the price of oil, and recently U.S. crude futures have dipped below $100 a barrel with all the macroeconomic uncertainty. Biggest Gainers
Eight of the 10 best-performing exchange-traded products were tools designed to profit from increased volatility. The C-Tracks Exchange-Traded Notes on the Citi Volatility Index (NYSEArca: CVOL) returned 36.36 percent for those lucky enough to have signed up in time for the ride. Apart from the volatility ETNs, two long-term Treasurys-focused funds sat in the Nos. 9 and 10 slots on IndexUniverse’s top 10 performers list last week. They were the Pimco 25+ Year Zero Coupon U.S. Treasury ETF (NYSEArca: ZROZ) and the Vanguard Extended Duration Treasury ETF (NYSEArca: EDV), which returned 8.5 and 7.56 percent, respectively. Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Bottom 10 Weekly 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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