Monday's ETF Winners & Losers
Overseas-related exchange-traded funds were among the best performers Monday, as Asia indices jumped overnight.
Hong Kong's Hang Seng Index jumped 2.9%, and China's CSI 300 Index tacked on 0.5%. Other indices in Taiwan, South Korea and India finished higher as well.
The SPDR S&P China (GXC) was adding $3.56, or 4.8%, to $78.44. The PowerShares Golden Dragon Halter USX China (PGJ) was higher by 99 cents, or 3.8%, to $27.37. The iShares FTSE/Xinhua China 25 Index (FXI) was higher by $5.99, or 4.2%, to $149.63. The PowerShares Dynamic Asia Pacific (PUA) was up 30 cents, or 1.2%, to $26.55.
On the other hand, homebuilders and real estate ETFs were suffering after the latest data on the health of the housing sector. Shortly after the opening bell, the National Association of Realtors said existing-home sales dipped 0.2% to 5.75 million annualized units in July, but still came in higher than expectations. Still, it was the lowest level since November 2002. Meanwhile, inventories of unsold homes rose 5.1%, a 9.6-month supply.
The Ultra Real Estate ProShares (URE) gave back 94 cents, or 2.1%, to $43.31. The iShares FTSE NAREIT Mortgage REITs (REM) was off 90 cents, or 2.9%, to $30.62. The Vanguard REIT Index (VNQ) ETF was down 81 cents, or 1.2%, to $68.36. Among homebuilders, the iShares Dow Jones U.S. Home Construction (ITB) was down 50 cents, or 2%, to $24. The SPDR S&P Homebuilders (XHB) gave back 44 cents, or 1.8%, to $24.74. Bundled securities tracking utilities were also on the losing side Monday. Among individual names, Exelon (EXC), FPL Group (FPL), Edison International (EIX) and FirstEnergy (FE) were all falling 2% or more. The Ultra Utilities ProShares (UPW) was falling $3.03, or 3.9%, to $75.34. The PowerShares FTSE RAFI Utilities (PRFU) shed $1.38, or 2.4%, to $56.04. The Utility HOLDRs (UTH) was lower by $3.84, or 2.7%, to $138.90. The iShares Dow Jones U.S. Utilities (IDU) was down $1.96, or 2%, to $94.38.Select the service that is right for you!
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