The iPath Pure Beta Cotton ETN (NYSEArca:CTNN) and the iPath
Pure Beta Cocoa ETN (NYSEArca:CHOC) were among the best-performing
exchange-traded products Thursday, June 7, as commodities and
global stocks reacted to news of China cutting interest rates in
order to help stimulate its economy.
As one of the world's major consumers of raw commodities, the
possibility of increased Chinese demand helped the price of cotton
rebound after declines related to signs of excess supplies. Cocoa
prices rallied earlier in the year, and are likely to continue
rallying if Asian demand rises and low levels of production in
Africa raises the price of the commodity.
CTNN gained 9.29 percent on Thursday, while CHOC rose 8.32
percent during yesterday's session. CHOC is now up 1.55 percent
year-to-date. Soybeans also responded well to yesterday's news,
with the Teucrium Soybean Fund (NYSEArca:SOYB) up 3.64 on the
Small-cap stocks were also net gainers Thursday, as the Dow
Jones industrial average added 46.20 points, or 0.37 percent,
ending the day at 12,460.96.
The IQ South Korea Small Cap ETF (NYSEArca:SKOR) gained 4.94
percent, while the iShares MSCI United Kingdom Small Cap Index Fund
(NYSEArca:EWUS) and the iShares MSCI Finland Capped Investable
Market Index Fund (NYSEArca:EFNL) were up 5.20 and 5.55 percent,
The Teucrium Sugar Fund (NYSEArca:CANE) returned to normal
levels, losing 10.34 percent after Wednesday's rally to top the
list of the 10 worst-performing ETFs on Thursday.
CANE's big jump on Wednesday appears to have been related to a
bad trade that wasn't subsequently canceled, meaning that CANE's
pullback yesterday was from an artificially elevated level above
its net asset value.
Gold miner ETFs filled out the 10 worst-performers list as
concerns over possibly-or the lack of-another round of quantitative
easing after a statement from the Fed caused precious metal prices
Natural gas performed poorly as well, as the United States
Natural Gas (NYSEArca:UNG), the iPath Dow Jones-UBS Natural Gas
Total Return ETN (NYSEArca:GAZ) and the United States 12 Month
Natural Gas Fund (NYSEArca:UNL) saw losses of 6.12 percent, 2.92
percent and 2.82 percent, respectively.
The C-Tracks Exchange-Traded Notes on the Citi Volatility Index
(NYSEArca:CVOL) lost 8.05 percent on the day, while the ETFS
Physical WM Basket (NYSEArca:WITE) shed 2.90 percent yesterday.
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 ($, mm)
||iPath Pure Beta Cotton ETN
||iPath Pure Beta Cocoa ETN
||iPath Dow Jones-UBS Cotton Total Return ETN
||EGShares Utilities GEMS
||iShares MSCI Finland Capped Investable Market
||iShares MSCI United Kingdom Small Cap
||IQ South Korea Small Cap
||PowerShares Global Nuclear Energy Portfolio
||iShares MSCI Emerging Markets Value
||AUM ($, mm)
||C-Tracks Exchange-Traded Notes on the Citi
||United States Natural Gas
||Market Vectors Junior Gold Miners
||Market Vectors Gold Miners
||iShares MSCI Global Gold Miners
||PowerShares DB Silver
||iPath Dow Jones-UBS Natural Gas Total Return ETN
||ETFS Physical WM Basket
||United States 12 Month Natural Gas
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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