In November, investors witnessed the Dow Jones Industrial Average pierce the 16,000 mark, closing above that level for the first time; the Nasdaq also breached the 4,000 level for the first time in 13 years. In economic news, the Federal Reserve dominated the headlines after the Senate Banking Committee voted to approve Janet Yellen’s nomination, sending her name to the full Senate for a final confirmation vote. And in its latest FOMC minutes, the Fed stated that policymakers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months” [see The Fed Effect: How Monetary Policy Impacts Your ETFs].new funds hitting the streets. ETF newcomers Vident Financial and Franklin Templeton made their debuts with the International Equity Fund (VIDI, n/a) and the Short Duration U.S. Government ETF (FTSD), respectively. San Diego-based Reality Shares Advisors also made its ETF debut with three dividend-focused funds. Meanwhile, Global X also introduced the first ever Portugal ETF (PGAL).
Below, we highlight this month’s best and worst performers (data as of November 26, 2013):
November's Best Performing ETFs SPDR S&P Pharmaceuticals ETF (XPH) 9.35% iShares U.S. Broker-Dealers ETF (IAI) 7.95% SPDR S&P Aerospace & Defense ETF (XAR) 7.21% Dynamic Pharmaceuticals (PJP) 7.08% iShares U.S. Healthcare Providers ETF (IHF) 6.6% SPDR S&P Health Care Services ETF (XHS) 6.59% China Energy ETF (CHIE) 6.54% China Financials ETF (CHIX) 6.53% iShares China Large-Cap ETF (FXI) 6.35% iShares U.S. Pharmaceuticals ETF (IHE) 6.07% KBW Capital Markets Portfolio (KBWC) 5.97% FTSE China (HK Listed) Index Fund (FCHI) 5.96% Dynamic Financial (PFI) 5.88% Health Care AlphaDEX (FXH) 5.83% iShares U.S. Aerospace & Defense ETF (ITA) 5.72%
November's Worst Performing ETFs Gold Explorers ETF (GLDX) -22.77% SPECTRUM Lg Cap U.S. Sector ETN (EEH) -21.93% C-Tracks ETN Citi Volatility Index Total Return (CVOL) -21.09% Pure Gold Miners ETF (GGGG) -19.89% Market Vectors Junior Gold Miners ETF (GDXJ) -19.77% PureFunds ISE Junior Silver ETF (SILJ) -18.48% Silver Miners ETF (SIL) -16.52% Market Vectors TR Gold Miners (GDX) -15.98% iShares MSCI Global Gold Miners ETF (RING) -15.96% MSCI Global Silver Miners ETF (SLVP) -15.02% Global Gold and Precious Metals Portfolio (PSAU) -14.79% DB Agriculture Long ETN (AGF) -14.55% Junior Miners ETF (JUNR) -14.49% MSCI Indonesia ETF (EIDO) -13.68% DB Commodity Long ETN (DPU) -13.48%