The SPDR S&P Metals and Mining ETF (NYSEArca:XME) was one of
a group of metals-linked ETFs to rank among the top-performing
funds in the week ended Sept. 13, benefiting from higher precious
and industrial metals prices as the market looked for better demand
thanks to new economic stimulus measures.
The Federal Reserve announcement Thursday that it would kick off
a bond-buying program aimed at keeping interest rates low through
2015 boded well for metals prices as well as for the broad stock
market. The Dow Jones industrial average rose 1.86 percent in
the Thursday-to-Thursday period, tagging on 247 points in the week.
The S&P 500 Index was also up nearly 2 percent in the same
period.
Interestingly, the single-best-performing ETF of the week was
the Russell Small Cap Aggressive Growth ETF (NYSEArca:SGGG), which
inked gains of 19.4 percent in five days. SGGG is one of the 25
Russell funds slated to close on Oct. 9 and be liquidated by Oct.
24.
SGGG tracks an index that's designed to replicate the
performance of professional investment managers using what the
company calls a small-cap aggressive growth investment discipline.
Essentially, SGGG invests in companies that are expected to see
near-term forecast earnings beat competitors' earnings growth.
The $6.5 million fund is heavily allocated to technology and
health care names; the two sectors represent nearly half of the
portfolio, but individual stock weightings are very small, with the
top 10 holdings representing only 7.5 percent of the total pie.
On the flip side, aside from a number of VIX-related strategies
ranking among the week's bottom performers, a couple of Treasury
funds were also in the mix.
Yields on 10-Year Treasury notes soared 5.3 percent in the
five-day period ended Thursday, hitting 1.76 percent. Yields move
inversely to bond prices.
The Vanguard Extended Duration Treasury ETF (NYSEArca:EDV)
dropped 4 percent in the week, while the Pimco 25+ Year Zero Coupon
U.S. Treasury ETF (NYSEArca:ZROZ) slipped 4.4 percent.
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| SGGG |
Russell Small Cap Aggressive Growth |
19.44% |
2,003 |
6.54 |
| GREK |
Global X FTSE Greece 20 |
17.57% |
633,248 |
18.23 |
| JJM |
iPath Dow Jones-UBS Industrial Metals Total Return
ETN |
14.14% |
9,557 |
37.84 |
| CAFE |
iPath Pure Beta Coffee ETN |
13.73% |
28,540 |
1.62 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
13.16% |
485,521 |
35.31 |
| PSTL |
PowerShares Global Steel |
12.95% |
4,212 |
2.05 |
| REMX |
Market Vectors Rare Earth/Strategic Metals |
11.60% |
657,814 |
168.33 |
| CU |
First Trust ISE Global Copper |
11.46% |
177,592 |
45.82 |
| XME |
SPDR S&P Metals and Mining |
11.46% |
22,369,615 |
941.93 |
| LEDD |
iPath Pure Beta Lead ETN |
11.23% |
1,306 |
0.80 |
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 |
-11.09% |
1,263,151 |
17.40 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-11.08% |
271,015,103 |
1,657.57 |
| VIXY |
ProShares VIX Short-Term |
-10.92% |
5,852,670 |
155.75 |
| VIXM |
ProShares VIX Mid-term |
-9.04% |
340,771 |
99.38 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-8.81% |
4,381,136 |
172.23 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-6.64% |
357,564 |
4.57 |
| FUE |
ELEMENTS MLCX Biofuels Total Return ETN |
-4.91% |
3,700 |
1.89 |
| ZROZ |
PIMCO 25+ Year Zero Coupon U.S. Treasury |
-4.47% |
259,528 |
99.68 |
| GWO |
ELEMENTS Credit Suisse Global Warming ETN |
-4.28% |
3,087 |
2.86 |
| EDV |
Vanguard Extended Duration Treasury |
-4.08% |
214,281 |
189.01 |
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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