Commodities ETFs were the best-performing funds in the past
week, with strategies ranging from grains to oil to natural gas
bringing home some of the highest returns.
One of the big stories in the past week was a new assessment of
the U.S. grain crop by U.S. regulators, which said hot and dry
Midwestern weather is jeopardizing end supplies of corn in a way
not seen since the memorable 1988 drought all but killed corn
yields.
Amid such concerns, the Teucrium Corn ETF (NYSEArca:CORN) and
the Teucrium Wheat ETF (NYSEArca:WEAT), rose 10.7 percent and 9.4
percent, respectively. By comparison, the Dow Jones industrial
average rose less than 1 percent to 12,602.26 in the five days
ended June 28.
It's worth noting that our survey isn't capturing the Dow's
sharp 230-point rally on Friday related to optimism that European
policymakers are making progress at a two-day summit aimed at
finding new ways to bring the continent's debt crisis under
control.
Another segment of the commodities space that popped was energy,
with oil & gas funds such as the First Trust ISE-Revere Natural
Gas ETF (NYSEArca:FCG) and the SPDR S&P Oil & Gas
Exploration & Production ETF (NYSEArca:XOP) among the
best-performing funds in the week. FCG rose 8 percent while XOP
gained 7 percent.
The price moves came with healthy trading volume for the two
ETFs-a daily average of 5.7 million shares for XOP and around
800,000 for FCG. It's worth noting that fewer than 5 percent of all
1,400-plus ETFs listed in the U.S. have average daily trading
volume above 2 million shares.
Oil prices have been pressured by ongoing concerns that slow
U.S. and Chinese growth while the eurozone struggles with a
still-developing debt crisis could hamper demand for all kinds of
materials, but this week the market took a breather from the recent
selling.
Biggest Decliners
A group of precious metals ETFs was at the other end of the
spectrum.
The Global X Gold Explorers ETF (NYSEArca:GLDX) and the ETFS
Physical Palladium ETF (NYSEArca:PALL) shed about 7.2 percent in
the past five days ended Thursday.
The iShares MSCI Global Select Metals & Mining Producers
Index Fund (NYSEArca:PICK) was another bottom performer, giving up
7 percent in the week.
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| GRN |
iPath Global Carbon ETN |
27.80% |
2,109 |
1.40 |
| EGPT |
Market Vectors Egypt |
18.17% |
123,468 |
40.69 |
| CORN |
Teucrium Corn |
10.70% |
826,086 |
59.73 |
| WEAT |
Teucrium Wheat |
9.40% |
46,368 |
2.83 |
| GRU |
ELEMENTS MLCX Grains - Total Return ETN |
9.19% |
180,577 |
14.81 |
| JJG |
iPath Dow Jones UBS Grains Total Return ETN |
8.59% |
485,535 |
160.86 |
| FCG |
First Trust ISE-Revere Natural Gas |
8.05% |
4,099,888 |
379.92 |
| AGF |
PowerShares DB Agriculture Long ETN |
7.62% |
11,297 |
11.25 |
| ITB |
iShares Dow Jones U.S. Home Construction |
7.17% |
15,138,235 |
765.70 |
| XOP |
SPDR S&P Oil & Gas Exploration &
Production |
7.03% |
28,506,900 |
772.46 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| TSXV |
Global X S&P/TSX Venture 30 Canada |
-11.96% |
18,322 |
1.65 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-10.86% |
587,613 |
36.59 |
| VIIX |
VelocityShares VIX Short Term ETN |
-8.16% |
4,012,155 |
73.77 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-8.14% |
216,756,531 |
1,755.22 |
| VIXY |
ProShares VIX Short-Term |
-8.08% |
4,014,117 |
146.97 |
| GWO |
ELEMENTS Credit Suisse Global Warming ETN |
-7.84% |
2,202 |
2.63 |
| GLDX |
Global X Gold Explorers |
-7.19% |
304,481 |
26.68 |
| PALL |
ETFS Physical Palladium |
-7.17% |
696,974 |
476.70 |
| PICK |
iShares MSCI Global Select Metals & Mining
Producers |
-7.09% |
6,565 |
3.78 |
| EWCS |
iShares MSCI Canada Small Cap |
-6.96% |
2,448 |
4.17 |
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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