The iShares MSCI Spain ETF (NYSEArca:EWP) dropped 3.59 percent
on Monday, as Spanish bond yields reached a record high above 7
percent and investors remain uneasy about the outcome of Sunday's
election in Greece.
Emerging markets were affected by investors' discomfort as well,
with India seeming getting the worst of it. Two India-focused ETFs
were among yesterday's worst-performing funds, according to data
compiled by IndexUniverse.
The EGShares India Small Cap (NYSEArca:SCIN) lost 3.44 percent,
while the PowerShares India Portfolio (NYSEArca:PIN) shed 3.09
percent.
Volatility-related exchange-traded products filled out most of
the list, performing poorly even though the Dow Jones industrial
average dropped 25.35 points, or 0.20 percent, closing at 12,767.17
yesterday.
These products typically move in the opposite direction of
stocks, though the Nasdaq and the S&P 500 Index did finish
higher.
Best Performers
The iPath Dow Jones-UBS Natural Gas Total Return ETN
(NYSEArca:GAZ) and the United States Natural Gas Fund
(NYSEArca:UNG) held the Nos. 1 and 2 spots yesterday, gaining 6.94
percent and 6.64 percent, respectively. The rally came in part
because gas producers have slowed output and end-users such as
utilities increased demand due to the relatively low price of the
natural resource.
The Global X Gold Explorers ETF (NYSEArca:GLDX) was on the rise
as well, taking the No. 3 spot and returning 5.50 percent, as
investors piled into funds tracking the precious metal in
anticipation of another round of quantitative easing by the Federal
Reserve.
The U.S. central bank began a two-day policy meeting today, and
some in financial markets are expecting the Fed to indicate whether
it might launch "QE3" - so-called because it would be the third
time since the economy faltered in 2008 that the Fed will have
resorted to bond buying to keep rates low.
The rest of the top-performers list was quiet varied with
futures-focused funds commodities ETPs and equities-based
technology ETFs making up much of the rest of the list.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
6.94% |
284,449 |
35.98 |
| UNG |
United States Natural Gas |
6.64% |
17,856,952 |
988.26 |
| GLDX |
Global X Gold Explorers |
5.50% |
48,807 |
31.19 |
| FUE |
ELEMENTS MLCX Biofuels Total Return ETN |
4.55% |
3,800 |
2.16 |
| CORN |
Teucrium Corn |
4.45% |
83,192 |
49.21 |
| SSDD |
ETRACS ISE SSD ETN |
4.17% |
2,300 |
10.39 |
| EIPO |
ETRACS Next Generation Internet ETN |
3.92% |
25,200 |
6.36 |
| CTNN |
iPath Pure Beta Cotton ETN |
3.87% |
2,800 |
1.43 |
| SOCL |
Global X Social Media |
3.45% |
23,693 |
18.67 |
| JJG |
iPath Dow Jones UBS Grains Total Return ETN |
3.28% |
18,283 |
144.22 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| VIXY |
ProShares VIX Short-Term |
-8.50% |
1,535,852 |
133.99 |
| VIIX |
VelocityShares VIX Short Term ETN |
-8.50% |
1,892,669 |
55.60 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-8.22% |
65,097,144 |
1,522.96 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-7.86% |
80,350 |
8.81 |
| VXFF |
ETRACS 6-Month S&P 500 VIX Futures ETN |
-7.82% |
1,388 |
8.36 |
| VXBB |
ETRACS 2-Month S&P 500 VIX Futures ETN |
-5.43% |
1,200 |
5.62 |
| EWP |
iShares MSCI Spain |
-3.59% |
1,134,968 |
156.06 |
| SCIN |
EGShares India Small Cap |
-3.44% |
11,030 |
20.47 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-3.25% |
512,671 |
259.37 |
| PIN |
PowerShares India Portfolio |
-3.09% |
1,051,428 |
339.04 |
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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