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Best/Worst Daily ETF Returns: China Funds Fall

Hannah Tool

Markets in China fell to two-month lows on Tuesday, March 12, following a ban on real estate price gouging in the country’s southern city of Shenzhen.

China-based exchange-traded funds suffered collateral losses yesterday, led by the Global X China Industrials ETF (CHII) bleeding 2.11 percent of its returns. Six other China-based funds followed CHII on the worst performers’ list.

The city of Shenzhen’s decision to curb property prices came after announcements last week that, in an effort to cool the country’s real estate market and hedge against a real estate bubble, homeowners would face a higher income tax on property, and the minimum down payment required for new home purchases would rise as well.

Limiting developers’ ability to raise real estate prices cuts back on what were previously exorbitant profits to be gained from real estate sales. Tightened restrictions like those in Shenzhen will at least serve to ease the onset of a property bubble at a time when China’s fragile, recovering economy could be made or broken by a boom-and-burst in the real estate sector.

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GLDX Global X Gold Explorers 4.28% 217,891 37.31
GDXJ Market Vectors Junior Gold Miners 2.79% 4,683,083 2,291.08
GDX Market Vectors Gold Miners 2.50% 21,817,577 7,530.54
VIXY ProShares VIX Short-Term 2.32% 2,764,257 173.18
VIIX VelocityShares VIX Short Term ETN 2.30% 760,076 16.98
VXX iPath S'P 500 VIX Short-Term Futures ETN 2.30% 62,784,813 1,179.55
SLVP iShares MSCI Global Silver Miners 2.25% 3,250 1.82
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) 1.97% 4,011 2.64
SIL Global X Silver Miners 1.86% 182,146 283.80
RING iShares MSCI Global Gold Miners 1.71% 4,262 27.25

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GRN iPath Global Carbon ETN -6.53% 1,300 0.54
CHII Global X China Industrials -2.11% 15,420 4.82
CHXX EGShares China Infrastructure -1.95% 6,569 13.58
CQQQ Guggenheim China Technology -1.84% 5,560 19.83
ECNS iShares MSCI China Small Cap -1.67% 21,548 34.01
FCA First Trust China AlphaDex -1.66% 11,462 8.35
PEK Market Vectors China -1.53% 70,423 40.04
HAO Guggenheim China Small Cap -1.52% 236,737 343.49
ITB iShares Dow Jones U.S. Home Construction -1.51% 3,628,647 2,237.13
FNI First Trust ISE Chindia -1.31% 11,719 65.27


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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