Commodities ETFs were among the worst-performing funds Thursday,
as investors continued to express their views that a financially
troubled Europe could take a bite out of global demand for
The PowerShares Global Coal Portfolio (NYSEArca:PKOL) dropped
2.7 percent Thursday, while the SPDR S&P Metals and Mining Fund
(NYSEArca:XME) shed 2.6 percent amid hefty trading volume that
neared 4 million shares.
Other funds such as the Teucrium Soybeans ETF (NYSEArca:SOYB)
and the Market Vectors Coal ETF (NYSEArca:KOL) also gave up ground
in Thursday's session, shedding 2.5 percent and 2.4 percent,
Emerging-market-focused ETFs were also under pressure. A couple
of Market Vectors ETFs tapping into Indonesia and India, as well as
the broader IQ Emerging Markets Mid Cap ETF (NYSEArca:EMER), lost
EMER dropped roughly 2.8 percent on the day. The overall stock
market was weak, closing the last session in May lower, with the
Dow Jones industrial average down 26.41 points, or 0.21 percent, at
12,393.45, putting an end to its seven-month gaining streak.
The best-performing fund was, interestingly, a commodities
ETN:the PowerShares DB Agriculture Long ETN (NYSEArca:AGF), which
saw gains of 2.9 percent, but the fund remains small overall, with
total assets of just under $10.5 million.
Another commodities fund that diverged from the flock was the
iPath Dow Jones-UBS Livestock Total Return ETN (NYSEArca:COW),
which tagged on 2 percent on the day, pushing its total assets to
near $53 million. Livestock prices are supported by the seasonal
factors such as the kick-off to the U.S.' barbecue season.
The market's only Greece-focused ETF, the Global X FTSE Greece
20 ETF (NYSEArca:GREK), was also among the best-performing funds
Thursday, gaining more than 2 percent on the day.
GREK has been a regular member of IndexUniverse's "Best/Worst
Daily ETF Returns" list, as investors tug with their exposure to
the country that is at the center of Europe's financial debacle.
Still, GREK has under $3 million in assets.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
||AUM ($, mm)
||PowerShares DB Agriculture Long ETN
||IQ South Korea Small Cap
||SPDR Russell/Nomura Small Cap Japan
||Market Vectors Egypt
||Global X FTSE Greece 20
||WisdomTree Japan SmallCap Dividend
||iPath Dow Jones-UBS Livestock Total Return ETN
||IQ Australia Small Cap
||PowerShares MENA Frontier Countries Portfolio
||AUM ($, mm)
||C-Tracks Exchange-Traded Notes on the Citi
||PowerShares Convertible Securities
||Market Vectors Indonesia Small Cap
||Market Vectors Indian Rupee/USD ETN
||IQ Emerging Markets Mid Cap
||PowerShares Global Coal Portfolio
||SPDR S&P Metals and Mining
||SPDR S&P International Industrial
||Market Vectors Coal
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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