The iShares MSCI Spain Index Fund (NYSEArca:EWP) was one of the
best-performing ETFs in the week ended Thursday, Aug. 9, tagging on
gains of more than 12 percent on hopes that Spain might be coming
closer to finding a solution to its debt problem.
The market welcomed European central bank rhetoric that put on
the table the possibility that the bank might buy troubled
countries' sovereign bonds-such as Spain's and Italy's-to reduce
their borrowing costs.
The iShares MSCI Italy Index Fund (NYSEArca:EWI) was another
fund benefiting from the news, rallying 11 percent in a five-day
period with nearly 1 million shares trading hands on average a
day.
The gains came while the Dow Jones industrial average rallied a
much more modest 2.2 percent in the past week.
Equities-linked energy funds were also among the week's
strongest performers, with funds like the PowerShares S&P
SmallCap Energy ETF (NYSEArca:PSCE) tagging on gains of 11.1
percent, and the Market Vectors Unconventional Oil & Gas ETF
(NYSEArca:FRAK) surging 9.9 percent.
On the flip side, volatility strategies were some of the worst
performers in the past week, with the $1.56 billion iPath S&P
500 VIX Short-Term Futures ETN (NYSEArca:VXX) bleeding more than
10.7 percent of its value amid a daily volume that averaged 33
million shares a day.
All in all, six out of the 10 worst-performing funds in the week
ended Thursday were volatility-linked strategies.
Long-dated Treasury funds were also among the week's
worst-performing strategies. The Pimco 25+ Year Zero Coupon U.S.
Treasury ETF (NYSEArca:ZROZ) and the Vanguard Extended Duration
Treasury ETF (NYSEArca:EDV) lost more than 5 percent of their value
in the week.
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| TAN |
Guggenheim Solar |
13.11% |
148,739 |
45.92 |
| EWP |
iShares MSCI Spain |
12.18% |
2,175,736 |
184.50 |
| PSCE |
PowerShares S&P SmallCap Energy |
11.12% |
12,393 |
45.51 |
| EWI |
iShares MSCI Italy |
11.01% |
4,700,152 |
163.11 |
| KWT |
Market Vectors Solar Energy |
10.89% |
11,564 |
9.32 |
| FRAK |
Market Vectors Unconventional Oil & Gas |
9.91% |
16,023 |
22.16 |
| KOL |
Market Vectors Coal |
9.67% |
1,236,836 |
193.42 |
| ARGT |
Global X FTSE Argentina 20 |
9.63% |
21,255 |
3.05 |
| PICK |
iShares MSCI Global Select Metals & Mining
Producers |
9.56% |
18,269 |
4.07 |
| IGN |
iShares S&P North American Technology-Multimedia
Networking |
9.47% |
142,840 |
212.84 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| VIIX |
VelocityShares VIX Short Term ETN |
-10.96% |
1,295,892 |
23.73 |
| VIXY |
ProShares VIX Short-Term |
-10.77% |
4,167,781 |
128.66 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-10.74% |
165,701,593 |
1,565.14 |
| VXCC |
ETRACS 3-Month S&P 500 VIX Futures ETN |
-7.89% |
1,500 |
5.39 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-6.64% |
157,507 |
5.73 |
| MOM |
QuantShares U.S. Market Neutral Momentum |
-5.80% |
8,500 |
5.07 |
| ZROZ |
PIMCO 25+ Year Zero Coupon U.S. Treasury |
-5.69% |
804,536 |
142.65 |
| EDV |
Vanguard Extended Duration Treasury |
-5.20% |
119,828 |
216.78 |
| BTAL |
QuantShares U.S. Market Neutral Anti-Beta |
-5.13% |
74,317 |
28.90 |
| VIXM |
ProShares VIX Mid-term |
-4.89% |
107,625 |
96.60 |
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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