Weekly ETF Returns: Gold Miners Tank

IndexUniverse.com

The Global X Gold Explorers (GLDX |G-24) was the least popular and worst performing fund last week, dropping 9.71 percent, driven down by expectations for a strong  government job report and fears of the Federal Reserve hastening its quantitative easing tapering policy.

Other gold-related funds that took it on the chin included the Market Vectors Junior Gold Miners ETF (GDXJ|C-38) (-7.46 percent) and the Market Vectors Gold Miners ETF (GDX A-56) (6.64 percent).

India-focused funds also took big hits, as nervous investors fretted that the Fed’s tapering axe would begin to fall at its Sept. 18 meeting. The EGShares India Infrastructure ETF (INXX D-5) ETF and the EGShares India Small Cap ETF (SCIN F-69) were down 8.06 percent and 7.96 percent, respectively.

Volatility-focused ETNs topped the best-performers’ list.

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIIX VelocityShares VIX Short Term ETN 6.39% 2,020,899 14.76
VXX iPath S&P 500 VIX Short-Term Futures ETN 6.39% 183,981,045 1,480.77
VIXY ProShares VIX Short-Term 6.36% 2,333,747 174.80
SLV iShares Silver Trust 4.98% 42,305,802 7,966.35
SIVR ETFS Physical Silver 4.98% 531,740 422.79
BNO United States Brent Oil 4.41% 135,649 42.23
FKO First Trust South Korea AlphaDex 4.21% 7,261 2.56
EWY iShares MSCI South Korea Capped 4.08% 11,063,211 3,481.00
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 3.99% 1,624,199 50.30
VIIZ VelocityShares VIX Mid Term ETN 3.99% 53,390 1.38

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GLDX Global X Gold Explorers -9.71% 233,153 36.26
INXX EGShares India Infrastructure -8.06% 820,027 49.54
SCIN EGShares India Small Cap -7.96% 76,708 15.44
GDXJ Market Vectors Junior Gold Miners -7.46% 3,978,508 1,678.27
INP iPath MSCI India ETN -7.41% 791,537 291.10
INDY iShares India 50 -7.27% 1,588,455 366.00
SMIN iShares MSCI India Small-Cap -7.07% 57,105 2.38
EPI WisdomTree India Earnings -6.80% 33,723,631 771.12
INDA iShares MSCI India -6.71% 2,966,565 209.07
GDX Market Vectors Gold Miners -6.64% 159,504,418 6,287.38

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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