ETF Spy: Commodities Lead Thanks to Precious Metals (UGL, DGP, EDV, TLO, FXF, FXY, CAF, SCJ, RTH, BHH)
During the last week, the world continued to digest the ongoing European debt crisis. Investors turned to precious metals as a safe haven and took gold to record highs while other precious metals advanced as well. As the crisis unfolds, some investors were decreasing risk and looking for yield. With uncertainty surrounding many currencies, the Currency ETF Index traded very well as investors purchased currencies that were not associated with current global issues.
Top tickerspy ETF Indexes:
The Commodity ETFs Index has risen 2.7% over the last week. As investors continue to take precious metals to record highs, the Commodity ETF has benefited. With continued worries over the European debt crisis, investors have turned to precious metals as a safe haven. Shares of ProShares Ultra Gold (UGL) and DGP name to DB Gold Double Long ETN (DGP) led the Index higher this week.
The Bond ETFs Index increased 0.7% over the last week. As the market traded with some volatility this week, investors reduced risk and looked to yield as an alternative. This propelled the Bond ETFs Index to one of the top performances. Vanguard Extended Duration ETF (EDV) and SPDR Barclays Capital Long Term Treasury ETF (TLO) were some of the best performers as investors welcomed the traditionally more conservative investment vehicles.
The Currency ETFs Index was fractionally lower this week. As the European debt crisis unfolds, taking the Euro lower and the Dollar continues to struggle, possibly due to the low interest rate environment, investors have turned to alternative currencies for investments. This week the Currency ETF Index was helped out by CurrencyShares Swiss Franc Trust (FXF) and the Currencyshares Japanese Yen Tr (FXY).
The Single Country Emerging Market ETFs Index fell less than 1.0% during the last week. Led by Morgan Stanley China A Share Fund (CAF), investors applauded the solid GDP number released by China on Wednesday. Also moving higher this week was the iShares MSCI Japan Small Cap Index (SCJ), which may be rising as Japan continues to rebuild after the tsunami.
The U.S. Sector ETFs Index was fractionally lower over the last week. After a better than expected retail sales number last week, the Retail Holdrs Trust (RTH) was one of the top performing ETFs in the Index. Also performing well this week were shares of Merrill Lynch B2B Internet HOLDRs Trust (BHH).
A full listing of fourteen ETF Indexes and related charts and metrics are available at tickerspy.com.
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