Best/Worst Weekly ETF Returns: India Funds Slump

ETF.com

India-focused exchange-traded products fell in the week ending Thursday, May 23, underperforming most other ETFs, with losses upward of 6 percent after the Fed’s May 22 meeting, where it discussed possible cutbacks in “quantitative easing,” curbing investors’ appetite for risk assets such as Indian equities.

Over the five-day period, the S'P 500 slid 16.96 points, or 1.02 percent, closing at 1,650.51 yesterday.

The Market Vectors India Small-Cap fund (SCIF) sliced off 8.10 percent on speculation that the Fed may cut back its buying of Treasurys and mortgage-backed securities. Three other India ETFs suffered similar losses.

Other single-country funds were affected by the Fed statement following its May 22 meeting, including the Global X FTSE Greece 20 fund (GREK) sinking 8.62 percent and the iShares MSCI Australia fund (EWAS) dropping 5.01 percent.

Some of the best-performing ETPs were focused on natural gas, with the iPath Dow Jones-UBS Natural Gas Total Return ETN (GAZ) jumping 9.27 percent, while four other natgas ETPs also landed on the best-performers’ list.

Solar funds additionally made a splash, with the Guggenheim Solar fund (TAN) rising 8.33 percent and the Market Vectors Solar Energy ETF (KWT) gaining 4.22 percent.


Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 9.27% 308,664 44.58
TAN Guggenheim Solar 8.33% 2,670,010 107.47
UNG United States Natural Gas 7.70% 29,409,720 927.70
UNL United States 12 Month Natural Gas 6.27% 393,397 33.28
DCNG iPath Pure Beta Seasonal Natural Gas ETN 5.80% 82,035 62.07
LD iPath Dow Jones-UBS Lead Total Return ETN 4.87% 1,477 2.90
CPER United States Copper 4.81% 1,600 2.28
CVOL C-Tracks Citi Volatility ETN 4.71% 38,227 1.73
KWT Market Vectors Solar Energy 4.22% 44,712 14.88
NAGS Teucrium Natural Gas 3.95% 2,158 3.94

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN -8.88% 13,228 0.57
GREK Global X FTSE Greece 20 -8.62% 1,654,161 53.65
SCIF Market Vectors India Small-Cap -8.10% 1,398,524 132.29
SCIN EGShares India Small Cap -7.99% 59,161 21.61
INXX EGShares India Infrastructure -7.17% 76,312 67.72
JO iPath Dow Jones-UBS Coffee Total Return ETN -6.76% 1,282,494 98.03
CAFE iPath Pure Beta Coffee ETN -6.62% 21,307 4.07
SMIN iShares MSCI India Small Cap -6.12% 3,534 3.34
BAL iPath Dow Jones-UBS Cotton Total Return ETN -5.56% 153,605 35.49
EWAS iShares MSCI Australia Small Cap -5.01% 6,118 1.09

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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