Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: PTM Up 8%
October 05, 2012
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The Etracs CMCI Long Platinum Total Return ETN (NYSEArca: PTM) was the best-performing exchange-traded product in the week ended Thursday, Oct. 4, as platinum prices remained supported by ongoing supply constraints linked to mining strikes in South Africa. In the past week, platinum prices rallied some 3 percent, as strikes continued to run their course across several key-producing mines, according to data provided by HardAssetsInvestor. PTM tagged on gains of 8 percent in the past week, a performance that stands out when compared to the Dow Jones industrial average's modest 0.6 percent rise in the same period. The ETFS Physical Palladium ETF (NYSEArca: PALL) was another fund that benefited from the strength in platinum values, raking in 6 percent in gains in the five-day period ended Thursday. Interestingly, the First Trust ISE Global Platinum Index Fund (NYSEArca: PLTM)—an equity-focused fund—was one of the worst-performing funds last week, tallying losses of 4.4 percent. Unlike PTM and PALL, which track the prices of actual platinum, First Trust's PLTM comprises companies involved with mining of platinum, palladium and other related metals. Aside from metals, India-linked ETFs continued to do well, with funds like the Market Vectors India Small-Cap ETF (NYSEArca: SCIF) and the EGShares India Infrastructure ETF (NYSEArca: INXX) each gaining at least 6 percent in the past five days. SCIF is up nearly 30 percent year-to-date, while INXX has rallied 31 percent. Still, it's worth pointing out that India ETFs were the focus of many investors' attention Friday, as the National Stock Exchange of India dealt with a technology-triggered glitch that temporarily took an estimated $58 billion in value out of the market, according to a Bloomberg News report. Both SCIF and INXX were trading at least 1 percent lower Friday morning.
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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