All That Glitters is Gold (And Biotech) for ETFs on Tuesday

ETF Trends

Well, let’s not exaggerate because solar ETFs (what else is new?), housing and some emerging markets funds got in on the fun Tuesday, but the day did belong to gold miners and biotech ETFs.

Biotech ETFs are trying to claw back losses induced by the recent government shutdown and mining ETFs, well, they are always in play. [Biotech ETFs Look to Rally After Shutdown]

Bottom line: Nine of Tuesday’s 15 best non-leveraged ETFs were biotech ETFs, mining funds or ETFs backed by physical holdings of gold and silver as the chart below courtesy of WallachBeth Capital illustrates.  Take a look at two of the emerging markets ETFs on the list. They too have intimate ties to the metals trade.

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wb1022

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