Benzinga’s Top ETF Gainers (JFT, JEM, FAZ, UBC, FUE)
December 15, 2009 4:14 PM
Non-equity titles and bears seem to be stalking the ETF market today. KEYnotes First Trust Enh 130/30 LgCp ETN (NYSE: JFT) is one exception, a large-cap fund now trading up 18.0% to $25.97 despite the downward shift of the overall market.
The domestic exchanges drop, and money seeks other markets to profit from. Emerging markets title Barclays GEMS Index ETN (NYSE: JEM) seems to be benefiting from this hedging tendency. JEM has risen 6.4% on the day to $45.73.
Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is, typically, reaping gains from the downward market. BDD is 4.8% higher at $20.62.
Perhaps another beneficiary of the flight to quality is livestock tracker UBS E-TRACS CMCI Livestock TR ETN (NYSE: UBC), whose index is gaining as investors seek non-financial assets. UBC has added 4.5% today to $18.35.
An alternative to an alternative, ELEMENTS MLCX Biofuels Index TR ETN (NYSE: FUE) is also the beneficiary of investor money shifting away from equities. FUE is up 4.4% to $3.02 in Wednesday trading.
