Best/Worst Weekly ETF Returns: EMFN, EWH Shine

Volatility-focused funds topped the list of best-performing exchange-traded products in the week ended Thursday, Oct. 25, with many rising more than 10 percent in stark contrast to the Dow Jones industrial average’s 3.3 percent drop in the same period. But, among more straightforward funds, a pair of iShares emerging market equities strategies stuck out.

The iShares MSCI Emerging Markets Financials Index Fund (EMFN) was one of the best-performing ETFs in the past five-day period, with gains of 5.02 percent, while the iShares MSCI Hong Kong Index Fund (EWH) raked in some 2.24 percent in gains.

EMFN is still a very small fund, with less than $5 million in total assets, but EWH boasts more than $2.65 billion in assets, and its rally in the past week was on sizable volume of nearly 6 million shares, on average, trading hands on a daily basis.

The upward momentum in these iShares funds reflects, in part, growing investor interest for exposure to emerging stocks at a time when a lot of uncertainty overhangs the prospects for growth in the developed economies.

Indeed, along with rallying ETF prices came significant outflows of investor assets from U.S. equities and into international equities this past week.

Data compiled by IndexUniverse showed that U.S. equities ETFs bled more than $12.7 billion of assets in the past five days, while international equities ETFs attracted $2.27 billion in the same period.

To that point, the broad iShares Emerging Markets Index Fund (EEM), which has more than $38 billion in assets, was, in fact, the single most attractive ETF last week, raking in another $504 million in assets, while the iShares FTSE China 25 Index Fund (FXI) came a close second, with inflows of $455 million.

On the flip side in the world of ETF returns, it was mostly a commodities tale. Funds linked to oil, natural gas and alternative energy took over seven out of the top 10 spots on IU’s bottom weekly performers list.

The weakest performance was in the Market Vectors Solar Energy ETF (KWT), which shed 7.27 percent in the past week. The $9.5 million fund has now bled more than 43 percent of its value year-to-date, and is worth less than half of what it was just a year ago.


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VXX iPath S'P 500 VIX Short-Term Futures ETN 10.97% 171,563,314 1,645.84
VIXY ProShares VIX Short-Term 10.93% 5,971,858 178.09
VIIX VelocityShares VIX Short Term ETN 10.93% 3,212,163 8.84
EMFN iShares MSCI Emerging Markets Financials 5.02% 2,404 4.88
COLX Market Vectors Colombia 4.80% 1,150 2.91
WEET iPath Pure Beta Grains ETN 3.26% 5,651 2.70
FUE ELEMENTS MLCX Biofuels Total Return ETN 2.58% 3,830 1.79
VIIZ VelocityShares VIX Mid Term ETN 2.47% 5,040 5.66
EWH iShares MSCI Hong Kong 2.24% 29,312,166 2,652.30
GREK Global X FTSE Greece 20 2.12% 539,404 29.42

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
KWT Market Vectors Solar Energy -7.27% 15,756 9.56
FCG First Trust ISE-Revere Natural Gas -7.14% 2,175,923 450.27
OIL iPath S'P GSCI Crude Oil Total Return ETN -6.99% 3,669,981 399.16
TWTI RBS Oil Trendpilot ETN -6.85% 7,367 7.34
XBI SPDR S'P Biotech -6.75% 2,191,514 637.29
USO United States Oil -6.72% 65,611,488 1,241.43
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -6.64% 339,833 6.00
FBT First Trust NYSE Arca Biotechnology -6.62% 415,186 227.64
ICLN iShares S'P Global Clean Energy -6.57% 64,919 24.38
OLO PowerShares DB Crude Oil Long ETN -6.50% 31,003 12.44

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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