Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: Gold Miners Tank
February 22, 2013
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The Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) was the worst-performing fund in the past week, with a whopping 10.87 percent drop, while three other gold miner funds followed suit. Among them, the Global X Gold Explorers (NYSEArca: GLDX), the Global X PURE Gold Miners (NYSEArca: GGGG) and the iShares MSCI Gold Miners Index Fund (NYSEArca: RING), sinking 9.83, 9.35 and 8.35 percent, respectively, as gold stocks continued to be hit by weakness in the gold market. Indeed, gold prices slumped to a six-month low in the past week, while the S&P 500 dropped 1.2 percent over the same five-day period. Silver miner funds were collaterally effected, with the Global X Silver Miners (NYSEArca: SIL) shedding 9.92 percent and the iShares MSCI Global Silver Miners (NYSEArca: SLVP) dropping 8.73 percent of its volume. On the flip side, equities funds focused on Japanese small-cap equities did well, ranking among some of the best-performing ETFs in the week. The SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca: JSC), the iShares MSCI Japan Small Cap Index Fund (NYSEArca: SCJ) and the WisdomTree Japan Small Cap Dividend ETF (NYSEArca: DFJ) gained anywhere between 2.7 and 3 percent.
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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