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
last Friday.
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
crisis.
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.
Worst Performers
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
demand.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| CHIM |
Global X China Materials |
11.57% |
3,320 |
2.33 |
| TSXV |
Global X S&P/TSX Venture 30 Canada |
6.69% |
2,775 |
2.39 |
| CHXX |
EGShares China Infrastructure |
6.57% |
23,534 |
12.42 |
| CHIX |
Global X China Financials |
6.26% |
7,600 |
9.19 |
| GREK |
Global X FTSE Greece 20 |
6.05% |
34,760 |
2.95 |
| CVRT |
PowerShares Convertible Securities |
5.94% |
2,384 |
9.12 |
| CHII |
Global X China Industrials |
5.42% |
2,100 |
4.51 |
| AGLS |
AdvisorShares Accuvest Global Long Short |
5.21% |
2,100 |
14.12 |
| REMX |
Market Vectors Rare Earth/Strategic Metals |
4.75% |
95,764 |
172.82 |
| YAO |
Guggenheim China All-Cap |
4.55% |
5,361 |
53.30 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| GWO |
ELEMENTS Credit Suisse Global Warming ETN |
-11.63% |
26,003 |
2.28 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-8.05% |
53,250 |
9.65 |
| UBC |
ETRACS CMCI Livestock Total Return ETN |
-6.16% |
13,500 |
4.48 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-4.90% |
43,664,584 |
1,660.28 |
| VIXY |
ProShares VIX Short-Term |
-4.74% |
710,362 |
151.39 |
| VIIX |
VelocityShares VIX Short Term ETN |
-4.66% |
261,462 |
28.68 |
| UNG |
United States Natural Gas |
-4.51% |
11,431,882 |
912.39 |
| EWSS |
iShares MSCI Singapore Small Cap |
-3.98% |
3,500 |
2.78 |
| EWP |
iShares MSCI Spain |
-3.89% |
977,657 |
135.24 |
| HYXU |
iShares Global ex USD High Yield Corporate Bond |
-3.58% |
4,500 |
23.39 |
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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