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ETF Performance Report: November


The equities market and stock exchange traded funds were off to a good start in November, shaking off the effects of superstorm Sandy and heading into the election. The broader markets, though, ended relatively flat over the month as Greek debt and U.S. fiscal cliff concerns kept pressure on investors.

The top performing ETFs over November include ETFS Physical Palladium Shares (PALL) up 14.8%, EGShares India Consumer ETF (INCO) up 11.5% and First Trust NASDAQ CEA Smartphone Index Fund (FONE) up 9.7%.

The Dow Jones Industrial Average dipped 0.2% over the past month and the S&P 500 gained 0.6%. Meanwhile, the Nasdaq Composite added 0.8% and is in position for its first positive November since 2009, reports Kate Gibson for MarketWatch. The PowerShares QQQ (QQQ) gained 0.9% over the past month

Palladium prices jumped November as mine strikes, safety stoppages and supply cuts created the largest palladium shortage in over a decade. [Palladium ETF Bolstered on Largest Shortage in a Decade]

A focus on domestic structural reforms has helped bolster India’s economy. According to a Goldman Sachs report, the reforms, “which have begun in earnest,” should help boost trend growth, The Hindu reports. Schwab analysts project growth to accelerate to 6.5% in 2013 and 7.2% in 2014 from 5.4% in 2012.

In the smartphone industry, worldwide sales are quickly expanding, with record returns from Samnsung and Apple. Looking forward, the space is getting more competitive as new RIM and Microsoft smartphone products hit the market.

Other top performing include those that track the tech sector, emerging markets, automobiles, airliners and silver.

Despite the devastation wrought by Hurricane Sandy at the end of October, November started off strong ahead of the elections, with improving U.S. economic data. For instance, investor confidence was rising and unemployment rates were lower. Stocks continued to rally as the uncertainty over the presidential elections abated, but Obama’s victory did not fuel the rally. [U.S. Equities and Stock ETFs: The Calm after the Storm]

After the elections, the markets went to a dark spot as investors weighed on the pending fiscal cliff and potential tax hikes that could cripple a recovering economy.

In mid-November, the confirmed recession in Europe coupled with hurricane-related fallout weighed on the economic outlook.

During the last weeks of the month, conciliatory comments out of Capitol Hill helped raise hopes of a bipartisan resolution to the fiscal cliff.

For more information on ETF performance, visit our ETF performance reports category.

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Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.