The Nasdaq trio of Amazon (NASDAQ:
), Apple (NASDAQ:
) and Google (NASDAQ:
) have been, to put it delicately, impressive over the past three
months. Amid new product introductions and favorable sentiment
toward the technology sector, these names have buttressed their
status as growth darlings.
In the past three months, Amazon has jumped 17 percent, which
trails the 20.8 percent Apple has gained over the same time. Both
pale in comparison to Google, which surged almost 36.2 percent
since late July. Investors that bought any of the three in July are
probably quite happy. Those with the capital to have invested in
all three are sitting on an average three-month gain of 24.6
Said another way, owning the trio of Amazon, Apple and Google
for the past three months delivered returns that are 50 percent
better than what the SPDR S&P 500 (NYSE:
) has done in all of 2012. Yes, it is hard to find ETFs that have
outperformed the average gain of the aforementioned tech trio over
the past 90 days. Hard, but not impossible.
Take a look at the following funds:
Market Vectors Junior Gold Miners ETF (NYSE:
The small-cap cousin to the Market Vectors Gold Miners ETF
), itself recently an impressive performer, has simply been on
fire. GDXJ is on pace for a 30 percent third-quarter gain. Even if
it stayed in neutral until the end of the quarter, the ETF will end
up having outpaced Amazon and Apple by healthy margins.
The mining ETFs have finally stopped frustrating investors and
outpacing ETFs backed by physical gold such as the
SPDR Gold Shares (NYSE:
), as ETF Trends notes. To its credit, GDX has slightly
outperformed Amazon in the past three months as well.
Global X Silver Miners ETF (NYSE:
For as good as the gold miners have been in the past 90 days,
the silver miners are having a say in the matter as well. In that
time, the Global X Silver Miners ETF, by far the largest of the two
silver miners ETFs, has jumped 31.2 percent. That run easily trumps
the returns offered by Amazon and Apple over the same time and it
also beats the average of Amazon, Apple and Google.
The rival iShares MSCI Global Silver Miners Fund (NYSE:
) has been stout as well, surging nearly 29 percent.
Market Vectors Egypt ETF (NYSE:
Simply put, the Market Vectors Egypt ETF has been on a torrid
pace this year. It is one of the best-performing country-specifc
ETFs tracking any type of market, developed, emerging or frontier.
What makes EGPT's performance all the more noteworthy is that the
ETF is soaring in the face of
Middle East headlines that cannot be considered
A case can be made that EGPT is overbought at current levels.
Then again, some might argue the ETF still has some upside ahead
because it still trades well below where resided before the onset
of the 2011 Arab Spring.
In the past three months, EGPT is up a Google-esque 35 percent,
which is to say a tiny ETF tracking one of the most politically
volatile countries in the world and a frontier market at that has
been twice as good as Amazon over the same and almost 1,500 basis
points better than Apple.
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