Weekly ETF Returns: India Small-Caps Stumble

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ETFs focused on India underperformed during the week ending Thursday, Aug. 1, while a variety of funds served up heightened returns and markets tumbled into a high close.

The S'P 500 spiked 16.62 points, or 1 percent, during that same five-day period, closing at 1,706.87 and breaking 1,700 at the close for the first time in the index’s history.

The EGShares India Small Cap ETF (SCIN) led a smattering of India-focused funds to underperform, dropping 9.99 percent, while similar small-cap India ETFs, the Market Vectors India Small-Cap fund (SCIF) and iShares’ MSCI India Small-Cap fund (SMIN) also slumped.

Near-record weakness in the rupee pushed Indian markets into frenzy, and the local currency’s slide threatened India’s lofty current status as a trillion-dollar market.

Following the breakup of the Belarusian Potash Cartel , the Global X Fertilizers/Potash ETF (SOIL) took an 8.45 percent dive.

The worst performance of the week, though, belonged to the C-Tracks Citi Volatility ETN (NYSEArca:SVOL), the 12.52 percent decrease of which can be attributed to the markets’ upswing at the end of the five-day trading period.

Facebook (FB) reported a profit hike thanks to ramped-up usage by consumers and advertisers alike, boosting the Global X Social Media fund (SOCL) by 4.10 percent, and the db X-trackers In-Target Date ETF (TDX) rose 7.07 percent on the tail of the Fed’s announcement Wednesday to continue its $80 billion bond buying program.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TDX db X-trackers In-Target Date 7.07% 3,196 11.35
JJT iPath Dow Jones-UBS Tin Total Return ETN 6.64% 1,017 3.80
GREK Global X FTSE Greece 20 5.79% 340,877 51.74
PGJ PowerShares Golden Dragon China 5.05% 319,025 208.17
SOCL Global X Social Media 4.10% 146,282 11.17
SGAR iPath Pure Beta Sugar ETN 4.07% 1,400 2.48
XPH SPDR S'P Pharmaceuticals 3.81% 184,939 513.71
FNY First Trust Mid Cap Growth AlphaDEX 3.79% 33,931 22.67
STPP iPath U.S. Treasury Steepener ETN 3.67% 40,831 13.64
IYT iShares Transportation Average 3.63% 1,323,550 625.64

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN -12.52% 72,038 1.83
SCIN EGShares India Small Cap -9.99% 175,738 17.37
SCIF Market Vectors India Small-Cap -9.19% 372,286 80.07
SOIL Global X Fertilizers/Potash -8.45% 281,796 19.23
SMIN iShares MSCI India Small-Cap -8.26% 2,375 2.61
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -7.60% 515,853 32.18
JO iPath Dow Jones-UBS Coffee Total Return ETN -7.57% 386,935 89.54
UNG United States Natural Gas -7.49% 41,771,219 883.41
INCO EGShares India Consumer -7.16% 25,394 4.19
CAFE iPath Pure Beta Coffee ETN -6.99% 31,525 4.35

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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