Credit: Shutterstock photoA look at the past week's top-performing ETFs is in some ways the embodiment of an indexer's dream, a reflection that when financial markets climb because of comments from Ben Bernanke, they do so like the tide:all at once.
The list compiled by IndexUniverse shows that in the week ended Thursday, July 11, equities funds ruled returns, but these ETFs' portfolios were as diverse as they come. There didn't seem to be a specific sector, or size and style, or segment of the market that stood out in any way.
That diversity speaks to the broadness of the rally seen in the past week that sent both the S&P 500 and the Dow Jones industrial average to new record highs, and also saw equities across the globe be mostly net gainers, from places like Japan to the more troubled emerging markets such as Brazil, Turkey and China.
In a simplistic way, a look at the Vanguard Total World Stock Index Fund (NYSEArca:VT) summarizes what the week brought for global equities investors:gains of about 3 percent in the past five days. VT owns roughly 98 percent of investable global equities, making it a good metaphor for the broad stock universe.
That upside momentum came courtesy of the U.S. Federal Reserve , as it reassured a nervous market that interest rates would remain low for a long time, even as the U.S. economy grows. The sigh of relief that the end of the easy-money era was not so imminent after all was felt across exchanges around the globe.
This week, the best-performing fund was the PureFunds ISE Junior Silver Miners ETF (NYSEArca:SILJ), with gains of 8.13 percent.
SILJ was followed by a roster of funds that tapped into stocks from Finland, China and Australia. That lineup also included energy and alternative energy strategies, funds that have been strong performers throughout 2013.
On the flip side, it was a volatility strategy fest, with the C-Tracs Citi Volatility ETN (NYSEArca:CVOL) leading the pack of seven volatility-linked funds with losses of 26.8 percent in the week ended Thursday.
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
