Shares of the following exchange traded funds are trading more
than 19 percent higher than 90 days ago, and they are within 10
percent of their 52-week highs.
This set of ETFs provides a peek at areas of investor interest
late in the third quarter, with the uncertainty over the Federal
Reserve's quantitative easing, the government shutdown and debt
ceiling fight, and the lead-up to the holiday shopping
Direxion Daily South Korea Bull 3X Shares (NYSE:
) is trading about 30 percent higher year to date but more than
41 percent higher than 90 days ago. This fund has been around
only since the beginning of May.
The nondiversified fund seeks investment results that
correspond to 300 percent of the daily performance of the MSCI
Korea 25/50 Index, which is designed to measure the performance
of the large and mid-cap segments of the South Korea equity
Global X FTSE Greece 20 ETF (NYSE:
) is up more than 35 percent in the past quarter and last week
reached a new 52-week high. Clear signs that the declining Greek
economy may be reaching bottom and overall rising confidence in
Europe have boosted this ETF.
The investment seeks to provide results that correspond to the
price and yield performance of the FTSE/Athex 20 Capped Index,
which is designed to reflect broad-based equity market
performance in Greece. Top holdings include Coca-Cola Hellenic
) and National Bank of Greece (NYSE:
Do Not Ignore the PIIGS
Guggenheim Solar ETF (NYSE:
) is about 121 percent higher than at the beginning of the year .
Some experts see eight percent or more further upside, as demand
for photovoltaic cells rises and the Chinese government supports
The investment seeks results that correspond to the
performance of the MAC Global Solar Energy Index. Top holdings in
the ETF include Trina Solar (NYSE:
), First Solar (NASDAQ:
) and GT Advanced Technologies (NASDAQ:
iShares MSCI Finland Capped Investable Market Index Fund
) is trading more than 19 percent higher than three months ago
and less than 24 percent higher year-to-date. This ETF got a
boost in September on news that Microsoft (NASDAQ:
) would buy the wireless device business of Nokia (NYSE:
The investment seeks investment results that correspond to the
price and yield performance of the MSCI Finland IMI 25/50 Index,
which is a custom index designed to measure broad-based equity
market performance in Finland. The fund's top holdings include
Market Vectors Solar Energy ETF (NYSE:
) has risen about 30 percent in the past 90 days, despite pulling
back about eight percent from a recent 52-week high. Solar Energy
ETFs saw rising short interest in some of their top holdings in
August, though China said it would expand solar capacity.
The investment seeks results that correspond to the price and
yield of the Ardour Solar Energy Index by investing in equity
securities of U.S. and foreign companies primarily engaged in the
production of solar power. Top holdings include SunEdison
) and First Solar.
ETF Outlook for October 31, 2013
ProShares Ultra MSCI Pacific ex-Japan (NYSE:
) is more than 21 percent higher over the past three months as it
recovered from a sell-off in early summer. The share price is
still about three percent lower than six months ago.
The non-diversified fund seeks investment results that
correspond to twice the daily performance of the MSCI Pacific
ex-Japan Index. The underlying index is a free-float-adjusted,
market capitalization-weighted index designed to measure the
equity market performance of the developed markets in the eastern
Pacific region, except for Japan.
ProShares UltraPro QQQ (NASDAQ:
) is up more than 82 percent since the beginning of the year and
hit a new multiyear high this week. This fund was unaffected by
technical glitches the Nasdaq experienced back in August.
The investment seeks to provide results that correspond to
three times the daily performance of the NASDAQ-100 Index, a
modified market capitalization-weighted index that includes 100
of the largest non-financial domestic and international issues
listed on the Nasdaq stock market.
At the time of this writing, the author had no position in the
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.