Best/Worst Daily ETF Returns: Italy Sinks

By Hannah Tool,

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ETFs focused on Italy and Spain tanked yesterday amid deadlocked elections in Italy, but markets overall were higher as optimism that the global recovery is becoming more stable outweighed concerns about the economically delicate countries in southern Europe.

The iShares MSCI Italy Capped Index Fund (NYSEArca:EWI) fell 5.71 percent on Tuesday, Feb. 26, while  the iShares MSCI Spain Capped ETF (NYSEArca:EWP) lost 4.10 percent as well.

Still, while southern Europe is holding back recovery for the eurozone, Italy's and Spain's challenges aren't exactly affecting markets the way they were up until mid-2012. The S&P 500 rose 9.09 points, or 0.61 percent, to close at 1,496.94.

Moreover, yesterday's top-performing U.S.-listed ETF was the iShares Dow Jones U.S. Home Construction Index Fund (NYSEArca:ITB), casting a positive light on a sector that was at the center of the 2008 market crash and has been showing signs of recovery in the past several months. ITB rose 3.84 percent in yesterday's session.

The rising markets and net inflows meanwhile lifted total U.S.-listed ETF assets to $1.413 trillion-a bit shy of the $1.437 trillion record reached earlier this month.

Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
ITB iShares Dow Jones U.S. Home Construction 3.84% 10,578,826 2,096.96
XHB SPDR S&P Homebuilders 2.94% 11,452,750 2,366.54
FXY CurrencyShares Japanese Yen Trust 2.29% 992,193 203.09
FJP First Trust Japan AlphaDex 2.28% 4,350 11.08
ROOF IQ US Real Estate Small Cap 2.14% 14,286 32.29
DGL PowerShares DB Gold 1.85% 61,851 485.67
PKB PowerShares Dynamic Building & Construction 1.78% 154,965 113.09
DBP PowerShares DB Precious Metals 1.68% 146,084 274.65
JJP iPath Dow Jones-UBS Precious Metals Total Return ETN 1.63% 18,943 39.52
FNIO iShares FTSE NAREIT Industrial/Office Capped 1.53% 1,616 12.24
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GRN iPath Global Carbon ETN -6.14% 1,600 0.64
EWI iShares MSCI Italy Capped -5.71% 2,910,277 533.40
EWP iShares MSCI Spain Capped -4.10% 929,951 276.13
FEZ SPDR Euro STOXX 50 -4.10% 795,030 1,650.29
EUFN iShares MSCI Europe Financials -3.62% 60,956 42.33
EWQ iShares MSCI France -3.53% 740,051 454.41
EZU iShares MSCI EMU -3.50% 4,004,390 2,375.75
EFNL iShares MSCI Finland Capped Investable Market -3.20% 1,697 2.69
EWG iShares MSCI Germany -3.19% 12,857,319 3,595.33
VNM Market Vectors Vietnam -3.07% 958,398 396.81

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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: EWI , EWP , ITB

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