United States Natural Gas
exchanged-traded fund was one of the best performers Friday, thanks to a surge in natural gas prices.
Prices were rising on resurfacing concerns over looming storms. Tropical storm Ingrid was the latest to form during the height of hurricane season. Recently, natural gas jumped 27 cents to $6.30 per million British thermal units. The ETF was climbing 98 cents, or 2.6%, to $38.88.
ETFs tracking Asian markets were also among the best performers Friday, as Japan's Nikkei 225 Index rose 1.9%, Hong Kong's Hang Seng Index added 1.5% and China's CSI 300 Index gained 0.9%.
SPDR S&P China
was adding $1.36, or 1.7%, to $82.36. The
iShares FTSE/Xinhua China 25 Index
was higher by $2.37, or 1.5%, to $156.05. The
PowerShares Golden Dragon Halter USX China
rose 39 cents, or 1.4%, to $28.49. The
iShares MSCI Hong Kong Index
was up 17 cents, or 0.9%, to $20.10.
Homebuilder-related bundled securities were also rising.
all climbed 2.2% or more.
iShares Dow Jones U.S. Home Construction
added 29 cents, or 1.4%, to $21.77. The
SPDR S&P Homebuilders
was up 24 cents, or 1.1%, to $23.15.
On the other hand, ETFs tracking European bourses were losing ground after U.K. lender
sought emergency funding from the Bank of England, a sign that the subprime mortgage mess was spilling into overseas markets. London's FTSE 100 was down 1.2%, the CAC 40 in Paris was off 0.5% and Germany's Xetra Dax was lower by 0.5%.
iShares MSCI United Kingdom Index
was losing 41 cents, or 1.6%, to $24.70. The
iShares S&P Europe 350 Index
was down $1.39, or 1.2%, to $112.95. The
PowerShares Dynamic Europe
shed 32 cents, or 1.3%, to $23.78.