Exchange-traded funds tracking the financial sector were among the strongest performers in a wild week that was highlighted by
(JPM - Get Report) setting plans to buy
(BSC) and more attempts by the
Federal Reserve to restore the health of the financial markets.
Among the big ETF winners were
Ultra Financials ProShares
iShares Dow Jones U.S. Financial Services
(IYG), which surged 19.3% and 11.8%, respectively, for the week.
Vanguard Financials ETF
(VFH) and the
iShares Dow Jones U.S. Financial Sector
(IYF) each climbed more than 9%.
Bundled securities tracking oil and gold, however, were among the losers. The
Oil Services HOLDRs
(OIH) lost 5% for the week, and the
PowerShares Dynamic Oil & Gas Services
(PXJ) fund gave back 5.3%.
iShares Dow Jones U.S. Energy
PowerShares DB Energy
were off 2.9% and 2%, respectively.
As for funds tracking gold, the
Market Vectors Gold Miners
sank 10.8% since Monday. Losing more than 6% were the
PowerShares DB Gold
iShares COMEX Gold Trust
streetTRACKS Gold Shares