Silver-linked ETFs were some of the best-performing
exchange-traded products in the third quarter ended Sept. 30,
taking six out of the 10 top-performing spots, as investors
positioned themselves to take advantage of the government's latest
round of quantitative easing.
The Global X Silver Miners ETF (NYSEArca:SIL) and the iShares
MSCI Global Silver Miners Index Fund (NYSEArca:SLVP) topped the
list, each rallying 33 percent in the past three months. The
physical silver ETF, ETFS Physical Silver ETF (NYSEArca:SIVR),
gained 25.5 percent in the same period.
In the past quarter, silver prices rallied 25 percent in a move
that can largely be attributed to the Federal Reserve's
announcement of so-called QE3, HardAssetsInvestor.com Analyst Sumit
Roy told IndexUniverse.
'The fear is that QE3 may lead to inflation down the line and
silver-along with gold-is seen as a hedge against that
possibility,' Roy said. 'There were strong inflows into silver
ETFs; silver ETF holdings stand at a record 600 million troy
ounces, surpassing the high set last spring.'
Quantitative easing also helped calm the market's nerves,
putting a lot of volatility-focused strategies among the bottom
performers for the quarter.
The Dow Jones industrial average tagged on 557 points between
June 29 and September 28, rising 4.3 percent.
The C-Tracks ETNs on the Citi Volatility (NYSEArca:CVOL) slipped
56.5 percent, followed by the iPath S&P 500 VIX Short-Term
Futures ETN (NYSEArca:VXX), which lost 40.8 percent in value.
Best Performers
| Ticker |
Name |
Issuer |
Q3 2012 Flows |
Q3 2012 AUM ($, M) |
Q3 2012 TRR |
| SIL |
Global X Silver Miners |
Global X |
0.75 |
376.17 |
33.80 |
| SLVP |
iShares MSCI Global Silver Miners |
BlackRock |
- |
2.41 |
33.09 |
| JUNR |
Global X Junior Miners ETF |
Global X |
0.57 |
2.76 |
31.46 |
| GDXJ |
Market Vectors Junior Gold Miners |
Van Eck |
391.09 |
3,177.79 |
28.68 |
| USV |
ETRACS CMCI Silver Total Return ETN |
UBS |
- |
7.53 |
28.57 |
| DBS |
PowerShares DB Silver |
Invesco PowerShares |
-10.21 |
71.66 |
25.89 |
| SLV |
iShares Silver Trust |
BlackRock |
282.43 |
11,068.45 |
25.63 |
| SIVR |
ETFS Physical Silver |
ETF Securities |
29.91 |
641.79 |
25.55 |
| UGA |
United States Gasoline |
US Commodity Funds |
-31.79 |
66.80 |
24.91 |
| EGPT |
Market Vectors Egypt |
Van Eck |
4.25 |
57.53 |
24.03 |
Worst Performers
| Ticker |
Name |
Issuer |
Q3 2012 Flows |
Q3 2012 AUM ($, M) |
Q3 2012 TRR |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
CitiGroup |
2.59 |
5.34 |
-56.65 |
| VXX |
iPath S&P 500 VIX Short-Term Futures
ETN |
Barclays Capital |
928.03 |
1,682.25 |
-40.83 |
| VIIX |
VelocityShares VIX Short Term ETN |
VelocityShares |
-36.39 |
16.38 |
-40.79 |
| VIXY |
ProShares VIX Short-Term |
ProShares |
105.24 |
165.80 |
-40.53 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
VelocityShares |
- |
5.86 |
-27.72 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures
ETN |
Barclays Capital |
-65.00 |
129.12 |
-24.38 |
| VIXM |
ProShares VIX Mid-term |
ProShares |
36.93 |
94.43 |
-24.36 |
| VNM |
Market Vectors Vietnam |
Van Eck |
-12.98 |
257.82 |
-12.63 |
| GRN |
iPath Global Carbon ETN |
Barclays Capital |
-0.13 |
1.26 |
- 9.76 |
| TAN |
Guggenheim Solar |
Guggenheim |
0.16 |
45.72 |
- 8.62 |
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