'Enabling Technologies' ETF Trounces Rivals - TheStreet

'Enabling Technologies' ETF Trounces Rivals

HealthShares Enabling Technologies ETF produced the best returns for July.
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The

Healthshares Enabling Technologies ETF

(HHV)

easily beat the rest of the TheStreet.com Ratings' top-rated ETFs for July. The fund, which invests in what is described as "enabling technologies" in the fields of health care, life sciences and biotechnology, posted a return of 8.23% for July and 5.02% over three months.

ETFs positioned to profit from the rise of the Mexican Peso and U.S. government bond funds produced the next best returns for July.

In my view -- which in this case is based more on gut feeling than mathematical certainty -- there is a strong chance that the market will trend down for the remainder of the year and maybe into mid-2009. However, it is best to stick to short-term forecasts in markets that lack transparency and visibility.

If investors feel confident of further market declines through the end of the year -- which is three months away -- then they may want to consider shorting the market using the

ProShares Ultra Short Russell 1000 Value Fund

(SJF)

. This fund has an excellent three-month return of 20.91%. It lost a little ground with the market uptick in July, but this appears to be reversing in its favor in August. All funds below carry a TSC Rating of A+.

FUND_NAME

TICKER

Category

1 Month Return

3 Month Return

HealthShares Enabling Technologies

HHV

Sector - Health/Biotechnology

8.23

5.02

CurrencyShares Mexican Peso Trust

FXM

Non-US Equity

3.29

6.39

iShares Lehman 3-7 Year Treasury Bd

IEI

Government Bond

0.72

0.21

SPDR Lehman Intermediate Tr Treas

ITE

Government Bond

0.54

0.05

iShares Lehman Intrm Govt/Crdt Bond

GVI

General Bd - Investment Grade

0.51

-0.34

iShares Lehman 10-20 Yr Treasury Bd

TLH

Government Bond

0.48

0.04

Vanguard Short Term Bond ETF

BSV

General Bd - Investment Grade

0.42

-0.18

CurrencyShares Swedish Krona Trust

FXS

Non-US Equity

-0.38

0.02

iPath EUR/USD Exch Rate ETN

ERO

Non-US Equity

-0.43

0.66

CurrencyShares Euro Trust

FXE

Non-US Equity

-0.54

0.85

SPDR Barclays Capital TIPS ETF

IPE

Government Bond

-0.56

1.66

ProShares Ultra Sht Rus 1000 Value

SJF

Equity Income

-0.61

20.91

PowerShares DB US Dollar Bearish Fd

UDN

Growth - Domestic

-0.81

0.00

PowerShares DB Precious Metals Fund

DBP

Sector - Precious Metals

-1.08

4.12

PowerShares DB Gold Fund

DGL

Sector - Precious Metals

-1.13

4.04

CurrencyShares Australian Dollar Tr

FXA

Non-US Equity

-1.34

1.48

CurrencyShares Swiss Franc Trust

FXF

Non-US Equity

-2.37

-0.77

ProShares Ultra Short Industrials

SIJ

Equity Income

-4.07

12.00

ProShares Ultra Sht Consumer Goods

SZK

Equity Income

-7.18

9.38

Sam Patel, CFA, is the manager of mutual fund research for the TheStreet.com Ratings.

In keeping with TSC's Investment Policy, employees of TheStreet.com Ratings with access to pre-publication ratings data must pre-clear any potential trade through the legal department, and are prohibited from trading any security that is the subject of an unpublished rating revision until the second business day after the rating is published.

While Patel cannot provide investment advice or recommendations, he appreciates your feedback;

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