ETF Update
Metal Funds Rank Among Top 10 ETFs
Exchange-traded securities that invested in platinum, copper and other precious metals were among the top performers in February.
Each month, TheStreet.com Ratings looks at exchange-traded funds that generated the biggest returns. Last month, the SPDR S&P 500 fund (SPY) fell 11%, while the Nasdaq 100-tracking PowerShares QQQ Trust (QQQQ) declined 5.3%. Clearly, few stock strategies worked. Funds that bet against the market climbed as much as 62% with the Direxion Small Cap Bear 3X Shares (TZA) fund leading the group. Excluding so-called inverse funds, the 10 best-performing ETFs from Jan. 30 to Feb. 27 are listed below. The B2B Internet HOLDRs Trust (BHH) led the bullish funds, returning 17% for the month. This fund has two holdings left: Ariba (ARBA) and Internet Capital Group (ICGE), accounting for 91% and 9% of assets, respectively. Shares of Ariba, which sells risk-management software to businesses, climbed 15% last month after reporting its third-straight quarterly earnings gain. Six of the 10 securities listed are "exchange-traded notes," or ETNs. They're similar to ETFs, except they track their underlying indexes without owning the member stocks or commodities. The best-performing ETN, ELEMENTS Linked to the MLCX Precious Metals Index (PMY) rose 8.7% on gains in precious metals prices. These notes were issued by Credit Suisse (CS), which assumes the risk of the portfolio's value dropping below the index level. The E-TRACS UBS Long Platinum ETN (PTM) and the iPath Dow Jones-AIG Platinum Total Return Sub-Index ETN (PGM), which follow platinum indexes, returned more than 8%. Platinum rose 8.7% in February to $1,073.50 an ounce.
|
TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet