Best/Worst Weekly ETF Returns: India Funds Slump
India-focused exchange-traded products fell in the week ending Thursday, May 23, underperforming most other ETFs , with losses upward of 6 percent after the Fed's May 22 meeting, where it discussed possible cutbacks in "quantitative easing," curbing investors' appetite for risk assets such as Indian equities.
Over the five-day period, the S&P 500 slid 16.96 points, or 1.02 percent, closing at 1,650.51 yesterday.
The Market Vectors India Small-Cap fund (NYSEArca:SCIF) sliced off 8.10 percent on speculation that the Fed may cut back its buying of Treasurys and mortgage-backed securities. Three other India ETFs suffered similar losses.
Other single-country funds were affected by the Fed statement following its May 22 meeting, including the Global X FTSE Greece 20 fund (NYSEArca:GREK) sinking 8.62 percent and the iShares MSCI Australia fund (NYSEArca:EWAS) dropping 5.01 percent.
Some of the best-performing ETPs were focused on natural gas, with the iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEArca:GAZ) jumping 9.27 percent, while four other natgas ETPs also landed on the best-performers' list.
Solar funds additionally made a splash, with the Guggenheim Solar fund (NYSEArca:TAN) rising 8.33 percent and the Market Vectors Solar Energy ETF (NYSEArca:KWT) gaining 4.22 percent.
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker
Name
Weekly Performance
Weekly Volume
AUM ($, mm)
GAZ
iPath Dow Jones-UBS Natural Gas Total Return ETN
9.27%
308,664
44.58
TAN
Guggenheim Solar
8.33%
2,670,010
107.47
UNG
United States Natural Gas
7.70%
29,409,720
927.70
UNL
United States 12 Month Natural Gas
6.27%
393,397
33.28
DCNG
iPath Pure Beta Seasonal Natural Gas ETN
5.80%
82,035
62.07
LD
iPath Dow Jones-UBS Lead Total Return ETN
4.87%
1,477
2.90
CPER
United States Copper
4.81%
1,600
2.28
CVOL
C-Tracks Citi Volatility ETN
4.71%
38,227
1.73
KWT
Market Vectors Solar Energy
4.22%
44,712
14.88
NAGS
Teucrium Natural Gas
3.95%
2,158
3.94
Ticker
Name
Weekly Performance
Weekly Volume
AUM ($, mm)
GRN
iPath Global Carbon ETN
-8.88%
13,228
0.57
GREK
Global X FTSE Greece 20
-8.62%
1,654,161
53.65
SCIF
Market Vectors India Small-Cap
-8.10%
1,398,524
132.29
SCIN
EGShares India Small Cap
-7.99%
59,161
21.61
INXX
EGShares India Infrastructure
-7.17%
76,312
67.72
JO
iPath Dow Jones-UBS Coffee Total Return ETN
-6.76%
1,282,494
98.03
CAFE
iPath Pure Beta Coffee ETN
-6.62%
21,307
4.07
SMIN
iShares MSCI India Small Cap
-6.12%
3,534
3.34
BAL
iPath Dow Jones-UBS Cotton Total Return ETN
-5.56%
153,605
35.49
EWAS
iShares MSCI Australia Small Cap
-5.01%
6,118
1.09
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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