Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: GREK, EWP Lead
September 07, 2012
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The Global X FTSE Greece 20 ETF (NYSEArca: GREK) and the iShares MSCI Spain Index Fund (NYSEArca: EWP) were among the best-performing funds in the week ended Thursday, Sept. 6, following the European Central Bank's decision to intervene in the region's unfolding debt crisis. GREK rallied 9.6 percent, while EWP tagged on gains of 8.25 percent in the five-day period ended Thursday, although much of the action came on Thursday itself when the ECB announced its plan to buy bonds in the open market to help lower borrowing costs in troubled eurozone countries such as Spain and Italy. EWP surged to a five-month high on the news. The performance came as the broad U.S. stock market rallied too, with the Dow Jones industrial average gaining 292 points in the period, or 2.2 percent, to hit its highest mark since late 2007. The S&P 500 Index rose 2.3 percent in the Thursday-to-Thursday period, while the Nasdaq hit its highest mark since 2000. The upward momentum was also seen across a roster of silver-linked funds. The precious metal has had an impressive run year-to-date, tagging on gains of some 17 percent since the end of last year, and promising more upside thanks to booming investment and industrial demand for the precious metal. In the past five-day period alone, silver prices rallied more than 7 percent. A pair of silver miner funds from Van Eck's Market Vectors and iShares ranked high among top performers, with gains of more than 8 percent in the week, while physical silver ETFs such as ETFS' Physical Silver ETF (NYSEArca: SIVR), among others, rallied 6.5 percent. On the flip side, VIX-related strategies dominated the bottom performers chart. The ProShares VIX Short-Term ETF (NYSEArca: VIXY) was the worst performer of all, tallying losses of 14.5 percent in five days.
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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