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 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 $80 a barrel was the latest
threshold it crashed through.
For example, the iPath Pure Beta Crude Oil ETN (NYSEArca:OLEM)
led the group, shedding 6.37 percent.
The Dow Jones industrial average saw its steepest decline in a
week amid the thickening gloom, losing 250.82 points, or 2 percent,
and closing at 12,573.57 on Thursday.
Some of yesterday's best-performing funds were coffee-related as
the iPath Pure Beta Coffee ETN (NYSEArca:CAFE) returned 4.08
percent, while the iPath Dow Jones-UBS Coffee Return ETN
(NYSEArca:JO) gained 3.64 percent.
The iPath Dow Jones-UBS Natural Gas Total Return ETN
(NYSEArca:GAZ) and United States Natural Gas (NYSEArca:UNG) made
slight recovery yesterday, gaining 3.76 percent and 2.29
percent, respectively, after making IndexUniverse's "Worst
Performers" two days prior.
Whether its best or worst, a major part of the performers list
is filled by volatility-related ETPs, and Thursday was no
exception, with volatility-link ETNs holding a majority of the
"Top-Performers" list-a function of the stock market's sharp
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
||AUM ($, mm)
||VelocityShares VIX Short Term ETN
||ProShares VIX Short-Term
||iPath S&P 500 VIX Short-Term Futures ETN
||C-Tracks Exchange-Traded Notes on the Citi
||iPath S&P 500 VIX Mid-Term Futures ETN
||ProShares VIX Mid-term
||iPath Pure Beta Coffee ETN
||iPath Dow Jones-UBS Natural Gas Total Return ETN
||iPath Dow Jones-UBS Coffee Total Return ETN
||United States Natural Gas
||AUM ($, mm)
||Market Vectors Junior Gold Miners
||Global X Silver Miners
||iPath Dow Jones-UBS Cotton Total Return ETN
||iPath Pure Beta Crude Oil ETN
||Global X Gold Explorers
||SPDR S&P Oil & Gas Equipment & Services
||Global X PURE Gold Miners
||PowerShares Global Gold and Precious Metals
||First Trust ISE Global Copper
||PowerShares Dynamic Oil & Gas Services Portfolio
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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