Precious metal ETFs were caught in a selloff Thursday, as the
dollar rallied on news that Spain may need as much as 62 billion
euros-or $78 billion-to bail out its troubled banks. The news came
on a gloomy day when Moody's downgraded a number of banks around
the world,
The Market Vectors Junior Gold Miners ETF (NYSEArca:GDXJ) was
yesterday's worst-performing fund, dropping 7.73 percent on
Thursday. The Global X Silver Miners (NYSEArca:SIL) was not far
behind, falling 6.74 percent yesterday.
A number of oil funds made the list as the price of oil
continues its downward trend-below $80 a barrel was the latest
threshold it crashed through.
For example, the iPath Pure Beta Crude Oil ETN (NYSEArca:OLEM)
led the group, shedding 6.37 percent.
The Dow Jones industrial average saw its steepest decline in a
week amid the thickening gloom, losing 250.82 points, or 2 percent,
and closing at 12,573.57 on Thursday.
Best Performers
Some of yesterday's best-performing funds were coffee-related as
the iPath Pure Beta Coffee ETN (NYSEArca:CAFE) returned 4.08
percent, while the iPath Dow Jones-UBS Coffee Return ETN
(NYSEArca:JO) gained 3.64 percent.
The iPath Dow Jones-UBS Natural Gas Total Return ETN
(NYSEArca:GAZ) and United States Natural Gas (NYSEArca:UNG) made
slight recovery yesterday, gaining 3.76 percent and 2.29
percent, respectively, after making IndexUniverse's "Worst
Performers" two days prior.
Whether its best or worst, a major part of the performers list
is filled by volatility-related ETPs, and Thursday was no
exception, with volatility-link ETNs holding a majority of the
"Top-Performers" list-a function of the stock market's sharp
selloff.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| VIIX |
VelocityShares VIX Short Term ETN |
11.39% |
599,578 |
82.28 |
| VIXY |
ProShares VIX Short-Term |
11.36% |
1,405,673 |
149.89 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
11.11% |
66,491,008 |
1,810.89 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
10.73% |
48,213 |
9.14 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
5.41% |
349,529 |
259.85 |
| VIXM |
ProShares VIX Mid-term |
5.28% |
27,758 |
91.20 |
| CAFE |
iPath Pure Beta Coffee ETN |
4.08% |
2,200 |
1.47 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
3.76% |
204,649 |
35.01 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
3.64% |
22,786 |
24.63 |
| UNG |
United States Natural Gas |
2.29% |
20,694,361 |
994.82 |
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) |
| GDXJ |
Market Vectors Junior Gold Miners |
-7.73% |
6,953,385 |
2,169.59 |
| SIL |
Global X Silver Miners |
-6.74% |
305,738 |
287.95 |
| BAL |
iPath Dow Jones-UBS Cotton Total Return ETN |
-6.56% |
15,550 |
28.99 |
| OLEM |
iPath Pure Beta Crude Oil ETN |
-6.37% |
3,685 |
17.02 |
| GLDX |
Global X Gold Explorers |
-6.03% |
36,668 |
28.93 |
| XES |
SPDR S&P Oil & Gas Equipment & Services |
-5.98% |
179,444 |
233.85 |
| GGGG |
Global X PURE Gold Miners |
-5.96% |
3,636 |
4.26 |
| PSAU |
PowerShares Global Gold and Precious Metals
Portfolio |
-5.58% |
2,450 |
32.89 |
| CU |
First Trust ISE Global Copper |
-5.53% |
11,555 |
41.71 |
| PXJ |
PowerShares Dynamic Oil & Gas Services Portfolio |
-5.44% |
140,055 |
119.07 |
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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