The Global X China Materials ETF (NYSEArca:CHIM) was
yesterday's top-performing fund, returning 11.57 percent, a major
reversal for a fund that was one of the worst-performing ETFs
In total, five of the top-performing funds on Tuesday were
China ETFs, as investors regained hopes that Europe, the top
destination for Chinese exports, would avert a major economic
Investors also appeared to be hanging some of their hopes on
the potential for Chinese policymakers to take new steps to
stimulate growth for the world's second-biggest economy.
The Global X FTSE Greece 20 ETF (NYSEArca:GREK) also
experienced a major turnaround, returning 6.05 percent, as
investors drew reassurance from polls suggesting pro-eurozone
Greek political parties may prevail in upcoming elections.
The Elements Credit Suisse Global Warming ETN (NYSEArca:GWO)
was meanwhile the worst-performing exchange-traded product
yesterday, falling 11.63 percent.
It was the latest setback for a fund that has been dropping
precipitously in the past year. The ETN, which tracks an index of
companies oriented around reducing the impact of global warming,
is a casualty of cutbacks in alternative-energy investment.
The No. 2 fund on the bottom-performers list was the C-Tracks
Exchange Traded Notes on the Citi Volatility (NYSEArca:CVOL),
which had 8.05 percent in losses.
CVOL was one of four volatility-related funds dominating the
bottom-performers list yesterday. Such securities-considered
"portfolio insurance" among sophisticated investors-generally
oscillate between sweeping gains and losses, often within the
space of a week.
The ETRACS CMCI Livestock Total Return ETN (NYSEArca:UBC) was
No. 3 on the list, with 6.16 percent in losses, an indication of
what some analysts see as a coming slowdown in commodities
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
||AUM ($, mm)
||Global X China Materials
||Global X S&P/TSX Venture 30 Canada
||EGShares China Infrastructure
||Global X China Financials
||Global X FTSE Greece 20
||PowerShares Convertible Securities
||Global X China Industrials
||AdvisorShares Accuvest Global Long Short
||Market Vectors Rare Earth/Strategic Metals
||Guggenheim China All-Cap
||AUM ($, mm)
||ELEMENTS Credit Suisse Global Warming ETN
||C-Tracks Exchange-Traded Notes on the Citi
||ETRACS CMCI Livestock Total Return ETN
||iPath S&P 500 VIX Short-Term Futures ETN
||ProShares VIX Short-Term
||VelocityShares VIX Short Term ETN
||United States Natural Gas
||iShares MSCI Singapore Small Cap
||iShares MSCI Spain
||iShares Global ex USD High Yield Corporate Bond
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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