Exchange-traded funds tracking real estate, overseas markets and financial institutions all endured volatile trading along with the wider market this week.
Real estate-related bundled securities finished higher, after flipping back and forth between the winners and losers column all week. They dropped after
American Home Mortgage
filed for bankruptcy Monday, rallied Wednesday, the day after the
acknowledged -- but didn't make too big a deal of -- trouble in the credit markets and sank as major homebuilders were swept up in Friday's selloff.
Still, ETFs like the
Ultra Real Estate ProShares
finished up $2.34 to $42.75. The
iShares Dow Jones US Home Construction
gained $2.25 to $27.25. The
iShares Dow Jones US Real Estate
gained $2.12 to $72.
Meanwhile, ETFs tracking banks and financial institutions rallied after the sharp selloffs of the past month.
ETF gained $1.74 to $52. The
Regional Bank HOLDRs
tacked on $6.32 to $146.04. The
iShares Dow Jones US Financial Services
added $4.75 to $120.46.
United State Natural Gas
ETF soared on rising natural gas prices. Over the course of the week, the front-month natural gas contract gained 73 cents to $6.82 per British thermal unit. The ETF gained $4.50 to $43.50.
Bundled securities tracking European markets did not fare as well. On Thursday, French bank
said it has suspended three of its funds with exposure to securities backed by U.S. subprime mortgages, sparking fears that credit woes in the U.S. market were more far-flung than expected. London's FTSE 100 lost 186 points on the week, while Paris' CAC 40 shed 149.26 points.
PowerShares Dynamic Europe
lost $1.29 to $23.22. The
iShares MSCI France Index
shed 67 cents to $35.51. The
iShares MSCI Belgium Index
lost 65 cents to $25.25.