Solar energy
ETFs
rose sharply in the past week, after President Obama used part of
his State of the Union address on Tuesday to call for heightened
clean energy development and use.
Both the Guggenheim Solar ETF (NYSEArca:TAN) and the Market
Vectors Solar Energy ETF (NYSEArca:KWT) shot up over 10
percent-10.75 and 10.21 percent, respectively-landing them in the
Nos. 1 and 2 spots on IndexUniverse's top-performers' list.
The PowerShares WilderHill Clean Energy (NYSEArca:PBW) and the
First Trust Nasdaq Clean Edge Green Energy (NYSEArca:QCLN) also
landed on the top 10 list, climbing 4.66 and 4.59 percent,
respectively.
The solid performance in the green energy ETF market came during
a week the S&P 500 Index rose a bit less than 1 percent. The
index is near five-year highs on widening views-based on largely
encouraging economic data-that the U.S. economy is slowly
normalizing after the 2008 collapse.
While performance of clean energy funds generally tracks
developments in crude markets, the fact that they rose despite a
decline in crude prices suggests the market was responding to the
Obama speech. It's not clear that anything tangible will come from
the president's call, but it's entirely possible. Brent crude oil
prices fell 1.73 percent, while West Texas Intermediate crude eased
0.26 percent.
Another notable trend of the week was a bearish sentiment toward
gold, as the Global X Explorers (NYSEArca:GLDX) shrank 5.48 percent
and the Market Vectors Junior Gold Miners (NYSEArca:GDXJ) decreased
4.25 percent as prices fell to six-month lows.
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| GRN |
iPath Global Carbon ETN |
27.04% |
7,147 |
0.79 |
| TAN |
Guggenheim Solar |
10.75% |
1,167,071 |
74.50 |
| KWT |
Market Vectors Solar Energy |
10.12% |
56,494 |
13.81 |
| XSD |
SPDR S&P Semiconductor |
4.69% |
831,989 |
70.60 |
| PBW |
PowerShares WilderHill Clean Energy |
4.66% |
2,971,772 |
144.10 |
| PXJ |
PowerShares Dynamic Oil & Gas Services |
4.66% |
767,650 |
138.54 |
| QCLN |
First Trust Nasdaq Clean Edge Green Energy |
4.59% |
24,560 |
16.28 |
| IEZ |
iShares Dow Jones U.S. Oil Equipment & Services |
4.29% |
677,236 |
393.39 |
| XES |
SPDR S&P Oil & Gas Equipment & Services |
4.26% |
520,677 |
339.08 |
| KOL |
Market Vectors Coal |
4.22% |
777,979 |
256.14 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-5.48% |
152,713,395 |
1,100.57 |
| VIIX |
VelocityShares VIX Short Term ETN |
-5.48% |
2,454,847 |
12.29 |
| GLDX |
Global X Gold Explorers |
-5.48% |
808,120 |
37.45 |
| VIXY |
ProShares VIX Short-Term |
-5.46% |
6,323,902 |
163.39 |
| SCIN |
EGShares India Small Cap |
-5.20% |
36,292 |
23.55 |
| INXX |
EGShares India Infrastructure |
-5.05% |
38,415 |
56.53 |
| SCIF |
Market Vectors India Small-Cap |
-4.95% |
913,093 |
110.99 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-4.59% |
492,887 |
32.96 |
| SMIN |
iShares MSCI India Small Cap |
-4.46% |
4,699 |
4.79 |
| GDXJ |
Market Vectors Junior Gold Miners |
-4.25% |
14,612,855 |
2,405.27 |
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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