Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: Cocoa Delights
August 31, 2012
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The iPath Dow Jones-UBS Cocoa Total Return ETN (NYSEArca: NIB) was one of two cocoa strategies to lead the best-performer funds in the week ended Thursday, Aug. 30, amid a rally in cocoa prices sparked by supply concerns in parts of Africa. NIB tagged on gains of more than 10 percent in the past five-day period, while the iPath Pure Beta Cocoa ETN (NYSEArca: CHOC) rose 9.6 percent. Other commodities and energy funds were also found among the week’s top performances. But the third-best-performing spot went to WisdomTree’s Global Real Return ETF (NYSEArca: RRF), which climbed nearly 7 percent—a performance that stands out considering that U.S. stocks beat a slow drum all week, moving some 5 points in either direction at any given day just to end the week 0.4 percent lower, or 56 points, at 13,000.71. The $4.8 million fund is designed to generate total returns—as in capital appreciation and income—that go beyond the rate of inflation in the long term. On the flip side, solar energy strategies were some of the worst-performing investments in the week ended Thursday. Both the Market Vectors Solar Energy ETF (NYSEArca: KWT) and the Guggenheim Solar ETF (NYSEArca: TAN) bled more than 9.2 percent of their value in a week. The $10 million KWT has now given up more than two-thirds of its value in the past year while TAN, a $42 million fund, has shed nearly 69 percent of its value in 12 months. A handful of emerging markets strategies, including a China-focused materials ETF, rounded off the week’s list of bottom performers. As a note, IndexUniverse's weekly data looks at a Thursday-to-Thursday period.
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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