The Global X FTSE Greece 20 ETF (NYSEArca:GREK) and the iShares
MSCI Spain Index Fund (NYSEArca:EWP) were among the best-performing
funds in the week ended Thursday, Sept. 6, following the European
Central Bank's decision to intervene in the region's unfolding debt
crisis.
GREK rallied 9.6 percent, while EWP tagged on gains of 8.25
percent in the five-day period ended Thursday, although much of the
action came on Thursday itself when the ECB announced its plan to
buy bonds in the open market to help lower borrowing costs in
troubled eurozone countries such as Spain and Italy. EWP surged to
a five-month high on the news.
The performance came as the broad U.S. stock market rallied too,
with the Dow Jones industrial average gaining 292 points in the
period, or 2.2 percent, to hit its highest mark since late 2007.
The S&P 500 Index rose 2.3 percent in the Thursday-to-Thursday
period, while the Nasdaq hit its highest mark since 2000.
The upward momentum was also seen across a roster of
silver-linked funds. The precious metal has had an impressive run
year-to-date, tagging on gains of some 17 percent since the end of
last year, and promising more upside thanks to booming investment
and industrial demand for the precious metal. In the past five-day
period alone, silver prices rallied more than 7 percent.
A pair of silver miner funds from Van Eck's Market Vectors and
iShares ranked high among top performers, with gains of more than 8
percent in the week, while physical silver ETFs such as ETFS'
Physical Silver ETF (NYSEArca:SIVR), among others, rallied 6.5
percent.
On the flip side, VIX-related strategies dominated the bottom
performers chart. The ProShares VIX Short-Term ETF (NYSEArca:VIXY)
was the worst performer of all, tallying losses of 14.5 percent in
five days.
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| GREK |
Global X FTSE Greece 20 |
9.61% |
309,260 |
11.59 |
| GDXJ |
Market Vectors Junior Gold Miners |
8.32% |
18,695,854 |
2,816.25 |
| SLVP |
iShares MSCI Global Silver Miners |
8.31% |
9,107 |
2.17 |
| EWP |
iShares MSCI Spain |
8.25% |
2,790,425 |
206.26 |
| SIL |
Global X Silver Miners |
7.76% |
1,705,717 |
329.00 |
| DBS |
PowerShares DB Silver |
6.74% |
73,081 |
67.67 |
| EGPT |
Market Vectors Egypt |
6.54% |
544,773 |
54.39 |
| USV |
ETRACS CMCI Silver Total Return ETN |
6.49% |
4,283 |
7.36 |
| SIVR |
ETFS Physical Silver |
6.48% |
1,345,871 |
586.08 |
| SLV |
iShares Silver Trust |
6.45% |
70,287,290 |
10,285.96 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| VIXY |
ProShares VIX Short-Term |
-14.53% |
4,590,915 |
149.04 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-14.45% |
196,468,221 |
1,838.42 |
| VIIX |
VelocityShares VIX Short Term ETN |
-14.44% |
1,315,026 |
19.38 |
| VXCC |
ETRACS 3-Month S&P 500 VIX Futures ETN |
-8.51% |
1,600 |
5.03 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-7.06% |
1,584,852 |
189.15 |
| PSTL |
PowerShares Global Steel |
-6.95% |
1,545 |
1.87 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-6.64% |
175,953 |
4.79 |
| VIXM |
ProShares VIX Mid-term |
-6.59% |
382,078 |
106.26 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
-6.19% |
1,300 |
7.00 |
| VXDD |
ETRACS 4-Month S&P 500 VIX Futures ETN |
-6.18% |
1,300 |
5.41 |
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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