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.
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
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
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
||AUM ($, mm)
||db-X MSCI EAFE Currency-Hedged Equity
||iShares MSCI India
||iPath Dow Jones-UBS Cotton Total Return ETN
||Market Vectors Latin America Small-Cap
||ETRACS S&P 500 Gold Hedged ETN
||ETRACS ISE SSD ETN
||iShares MSCI India Small Cap
||ETRACS CMCI Gold Total Return ETN
||PowerShares S&P SmallCap Financials
||AUM ($, mm)
||Global X FTSE Greece 20
||PowerShares MENA Frontier Countries Portfolio
||IQ Emerging Markets Mid Cap
||United States Natural Gas
||PowerShares Dynamic Networking Portfolio
||Market Vectors Solar Energy
||iShares MSCI Turkey Investable Market
||EG Shares Energy GEMS
||iShares S&P North American Technology-Multimedia
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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