Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: GGGG Adds 10.5%
June 08, 2012
Gold regained some of its attractiveness last week, putting a number of precious metals mining ETFs on IndexUniverse's top 10 performers list.
The Global X Pure Gold Miners ETF (NYSEArca: GGGG) was the best-performing among them, jumping 10.5 percent in the five trading days ended June 7, according to data compiled by IndexUniverse.
Gold regained some of its cache as a hedge against inflation amid talk early in the week that the Federal Reserve might be compelled to implement a new round of quantitative easing in the wake of the weaker-than-expected May jobs report. The U.S. Department of Labor said the U.S. economy created 69,000 jobs in May—far fewer than the 175,000 jobs economists said they expected in a survey conducted by Bloomberg News.
The top-performing exchange-traded product was the Etracs 1-Month S&P 500 VIX Futures ETN (NYSEArca: VXAA). It jumped 11.1 percent.
Worst Weekly Performers
A number of other VIX-related ETNs were among the worst-performing ETPs last week, including the ProShares VIX Short Term ETF (NYSEArca: VIXY), which fell 6.78 percent.
The worst-performing ETP was the Morgan Stanley S&P 500 Oil Hedged ETN (NYSEArca: BARL), which tumbled 9.27 percent.
A mainstay of the bottom 10 performers list, the Global X FTSE Greece 20 ETF (NYSEArca: GREK), was there again this past week, with a loss of 5.75 percent.
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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