The markets were in recovery mode this week until additional
geopolitical uncertainty returned in the ongoing Russia and Ukraine
conflict on Friday. This news sent global equity indices swiftly
lower and underscores the fragility of global markets during this
The following ETFs represent a sample of the best and worst
performing funds over the last five trading sessions:
BEST: MLP ETFs
Master limited partnership ETFs received a significant boost
this week on the news that Kinder Morgan (NYSE:
) would be consolidating four of its publicly traded entities into
one unit. This spurred double-digit jumps in Kinder Morgan
) and Kinder Morgan.
First Trust Launches Active Strategic Income
One ETF that significantly benefited from this news was the
First Trust North American Energy Infrastructure Fund (NYSE:
). This actively-managed energy ETF has exposure to 61 holdings
that include both traditional MLPs and utility companies.
The managers of EMLP had significant exposure to both KMR and
KMI, which helped spur the fund to a gain of more than 5 percent
this week. EMLP also hit a new 52-week high on the strength of
The outperformance of this ETF in 2014 has helped draw in $300
million of new assets this year, bringing the total in EMLP to $830
WORST: Volatility ETFs
Two weeks ago, volatility ETFs were the reigning champions as
traders hedged their bets against falling stock prices. This week,
these ETFs fall to the bottom of our performance ranking as stocks
recovered a portion of their drop.
The ProShares VIX Short-Term Futures ETF (NYSE:
) has lost almost 12 percent this week amid signs of buyers
stepping in to prop up equity markets.
VIXY is designed to track near-term VIX futures contracts, which
are a measure of expected volatility in the S&P 500. The fund
charges an expense ratio of 0.85 percent, and currently has more
than $120 million in net assets.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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