The db-X MSCI EAFE Currency Hedged Equity ETF (NYSEArca:DBEF)
was the top-performing ETF yesterday, with 6.69 percent in returns,
as investors stepped back into equities but hedged their bets
against the still-falling euro.
Two of the best-performing funds were Indian equity ETFs, as
India's main 30-share BSE index rose to its highest level since
March on news that the Indian government may end it fuel
subsidies-long a contributor to that country's fiscal deficit.
The iShares MSCI India (NYSEArca:INDA) was No. 3 on the list,
returning 3.18 percent, and the iShares MSCI India Small Cap ETF
(NYSEArca:SMIN) returned 2.22 percent.
Futures-based gold ETPs showed up on the top-performers list
yesterday as well, a day after gold miners funds dominated the
list. Investors appeared to be exploring how to use the precious
metal as a hedge against market volatility.
The Etracs S&P 500 Gold Hedged ETN (NYSEArca:SPGH), which
hedges against a decline in the U.S. dollar by taking positions in
Comex gold futures, returned 2.39 percent, and the Etracs CMCI Gold
Total Return ETN (NYSEArca:UBG) returned 2.07 percent.
Bottom Performers
The Global X FTSE Greece 20 ETF (NYSEArca:GREK) was the
worst-performing fund, with 5.09 percent in losses yesterday, as
some of Europe's biggest fund managers dumped euro assets amid
spreading fear about Greece's potential exit from the eurozone.
Fears of a global slowdown dented prices of developing-market
and energy-related funds as well.
The PowerShares MENA Frontier Countries Portfolio
(NYSEArca:PMNA) was No. 2 on the worst performers list, with 4.31
percent in losses. The IndexIQ Emerging Markets Mid Cap ETF
(NYSEArca:EMER) was No. 3 on the list, with 3.44 percent in
losses.
Four of the worst-performing funds were energy funds, led by the
United States Natural Gas Fund (NYSEArca:UNG), which suffered 3.09
percent in losses, continuing the volatile trajectory of the
natural gas sector that has been buffeted by a double whammy of
increased supplies coupled with slowing 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 ($, mm) |
| DBEF |
db-X MSCI EAFE Currency-Hedged Equity |
6.69% |
3,317 |
31.14 |
| FAA |
Guggenheim Airline |
3.53% |
16,501 |
14.91 |
| INDA |
iShares MSCI India |
3.18% |
19,965 |
16.74 |
| BAL |
iPath Dow Jones-UBS Cotton Total Return ETN |
2.73% |
24,011 |
29.71 |
| LATM |
Market Vectors Latin America Small-Cap |
2.52% |
6,388 |
11.69 |
| SPGH |
ETRACS S&P 500 Gold Hedged ETN |
2.39% |
6,000 |
16.49 |
| SSDD |
ETRACS ISE SSD ETN |
2.25% |
2,300 |
10.55 |
| SMIN |
iShares MSCI India Small Cap |
2.22% |
4,697 |
4.11 |
| UBG |
ETRACS CMCI Gold Total Return ETN |
2.07% |
2,100 |
7.97 |
| PSCF |
PowerShares S&P SmallCap Financials |
1.93% |
6,514 |
74.62 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| GREK |
Global X FTSE Greece 20 |
-5.09% |
33,399 |
2.84 |
| PMNA |
PowerShares MENA Frontier Countries Portfolio |
-4.31% |
2,338 |
18.84 |
| EMER |
IQ Emerging Markets Mid Cap |
-3.44% |
2,000 |
1.51 |
| UNG |
United States Natural Gas |
-3.09% |
8,106,195 |
994.71 |
| PXQ |
PowerShares Dynamic Networking Portfolio |
-2.68% |
12,117 |
70.76 |
| KWT |
Market Vectors Solar Energy |
-2.64% |
60,527 |
9.38 |
| TUR |
iShares MSCI Turkey Investable Market |
-2.58% |
260,386 |
356.77 |
| OGEM |
EG Shares Energy GEMS |
-2.56% |
13,230 |
9.33 |
| TAN |
Guggenheim Solar |
-2.53% |
65,772 |
50.60 |
| IGN |
iShares S&P North American Technology-Multimedia
Networking |
-2.51% |
40,999 |
230.31 |
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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