This Week's ETF Winners & Losers
Overseas-related exchange-traded funds were among the best performers of the week as Asia's markets were stronger.
The
SPDR S&P China
(GXC) - Get SPDR S&P China ETF Report
ETF added 5.8% to close at $79.25. The
iShares FTSE/Xinhua China 25 Index
(FXI) - Get iShares China Large-Cap ETF Report
was higher by 4.7% at $150.35. The
iShares MSCI South Korea Index
(EWY) - Get iShares MSCI South Korea ETF Report
gained 3% to $63.98, and the
SPDR S&P Emerging Markets
(GMM)
finished up 2.5% to $68.45.
On the other hand, the
United States Natural Gas
TheStreet Recommends
(UNG) - Get United States Natural Gas Fund LP Report
ETF continued to slide. The ETF ended down 4.3% to $33.95.
Bundled securities tracking utilities were also on the losing side this week. Among individual names,
Exelon
(EXC) - Get Exelon Corporation Report
,
Edison International
(EIX) - Get Edison International Report
and
FirstEnergy
(FE) - Get FirstEnergy Corp. Report
all fell by 3% or more.
The
Ultra Utilities ProShares
(UPW) - Get ProShares Ultra Utilities Report
lost 3.9% to $75.33. The
Utility HOLDRs
(UTH)
was lower by 2.2% to $139.64. The
iShares Dow Jones U.S. Utilities
(IDU) - Get iShares U.S. Utilities ETF Report
was down 2.2% to $94.22. The
PowerShares FTSE RAFI Utilities
(PRFU)
shed 2.1% to $56.24.
Lenders and other finance names fell hard as the major indices swung back and forth between positive and negative, and in short time spans, as investors tried to get a handle on their worries about the credit market.
Countrywide
(CFC)
,
Lehman Brothers
(LEH)
and
Merrill Lynch
(MER)
slid 3.2% or more.
The
Ultra Financials ProShares
(UYG) - Get ProShares Ultra Financials Report
ETF dropped 3.2% to $55.37. The
PowerShares Dynamic Financials
(PFI) - Get Invesco DWA Financial Momentum ETF Report
ETF gave back 1.9% to $24.79. The
First Trust Financials AlphaDex
(FXO) - Get First Trust Financials AlphaDEX Fund Report
ETF ended down 1.3% to $17.72.
