Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: ITB, XHB Rise
January 25, 2013
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Homebuilder ETFs were among the top-performing funds in the past week, as the market continued to show confidence in a U.S. housing market recovery. The iShares Dow Jones U.S. Home Construction Index Fund (NYSEArca: ITB), the best-performing ETF in 2012, tallied on another 5 percent in gains in the past five days ended Thursday, Jan. 24, as nearly 17 million shares traded hands in that period. Markets were closed Monday, Jan. 21. The fund, now boasting $2.15 billion in assets, continues to expand on a stellar performance that saw its share price rally some 80 percent in 2012. Rising average home prices, booming housing starts now at multiyear highs, and improving demand for homes are behind the upward momentum pushing up funds that invest in homebuilder stocks. Meanwhile, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) saw gains of 4.35 percent in the past week. The fund now has $2.60 billion in assets. Still, leading the week's top performers chart is a pair of iPath commodities ETNs, one focused on cotton and the other on lead. The strategies rallied more than 6.5 percent in the five-day period. The gains came as the Dow Jones industrial average rose 1.7 percent, or 229 points, to end Thursday at 13,825.33. The Week's Bottom Dwellers Aside from a roster of VIX-related strategies, a pair of gold miner funds were found among the week's worst-performing ETFs. The Global X Gold Explorers ETF (NYSEArca: GLDX) and the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) bled 6.2 percent and 5.2 percent, respectively, in the past week. GDXJ's move came accompanied by sizable volume, as some 3.5 million shares, on average, traded hands daily. GDXJ has $2.64 billion in assets. 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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