The Global X China Materials ETF (CHIM - News) was yesterday’s top-performing fund, returning 11.57 percent, a major reversal for a fund that was one of the worst-performing ETFs last Friday.
In total, five of the top-performing funds on Tuesday were China ETFs, as investors regained hopes that Europe, the top destination for Chinese exports, would avert a major economic crisis.
Investors also appeared to be hanging some of their hopes on the potential for Chinese policymakers to take new steps to stimulate growth for the world’s second-biggest economy.
The Global X FTSE Greece 20 ETF (GREK - News) also experienced a major turnaround, returning 6.05 percent, as investors drew reassurance from polls suggesting pro-eurozone Greek political parties may prevail in upcoming elections.
Worst Performers
The Elements Credit Suisse Global Warming ETN (GWO - News) was meanwhile the worst-performing exchange-traded product yesterday, falling 11.63 percent.
It was the latest setback for a fund that has been dropping precipitously in the past year. The ETN, which tracks an index of companies oriented around reducing the impact of global warming, is a casualty of cutbacks in alternative-energy investment.
The No. 2 fund on the bottom-performers list was the C-Tracks Exchange Traded Notes on the Citi Volatility (CVOL - News), which had 8.05 percent in losses.
CVOL was one of four volatility-related funds dominating the bottom-performers list yesterday. Such securities—considered “portfolio insurance” among sophisticated investors—generally oscillate between sweeping gains and losses, often within the space of a week.
The ETRACS CMCI Livestock Total Return ETN (UBC - News) was No. 3 on the list, with 6.16 percent in losses, an indication of what some analysts see as a coming slowdown in commodities demand.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| CHIM | Global X China Materials | 11.57% | 3,320 | 2.33 |
| TSXV | Global X S'P/TSX Venture 30 Canada | 6.69% | 2,775 | 2.39 |
| CHXX | EGShares China Infrastructure | 6.57% | 23,534 | 12.42 |
| CHIX | Global X China Financials | 6.26% | 7,600 | 9.19 |
| GREK | Global X FTSE Greece 20 | 6.05% | 34,760 | 2.95 |
| CVRT | PowerShares Convertible Securities | 5.94% | 2,384 | 9.12 |
| CHII | Global X China Industrials | 5.42% | 2,100 | 4.51 |
| AGLS | AdvisorShares Accuvest Global Long Short | 5.21% | 2,100 | 14.12 |
| REMX | Market Vectors Rare Earth/Strategic Metals | 4.75% | 95,764 | 172.82 |
| YAO | Guggenheim China All-Cap | 4.55% | 5,361 | 53.30 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| GWO | ELEMENTS Credit Suisse Global Warming ETN | -11.63% | 26,003 | 2.28 |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | -8.05% | 53,250 | 9.65 |
| UBC | ETRACS CMCI Livestock Total Return ETN | -6.16% | 13,500 | 4.48 |
| VXX | iPath S'P 500 VIX Short-Term Futures ETN | -4.90% | 43,664,584 | 1,660.28 |
| VIXY | ProShares VIX Short-Term | -4.74% | 710,362 | 151.39 |
| VIIX | VelocityShares VIX Short Term ETN | -4.66% | 261,462 | 28.68 |
| UNG | United States Natural Gas | -4.51% | 11,431,882 | 912.39 |
| EWSS | iShares MSCI Singapore Small Cap | -3.98% | 3,500 | 2.78 |
| EWP | iShares MSCI Spain | -3.89% | 977,657 | 135.24 |
| HYXU | iShares Global ex USD High Yield Corporate Bond | -3.58% | 4,500 | 23.39 |
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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