Market Overview

Best And Worst ETFs From Last Week Amid June Gloom


The better-than-expected payroll report managed to stabilize the stock market on Friday and immediately led to additional speculation about the Federal Reserve’s timetable for raising short-term lending rates.  Expectations have now moved to a late-2015 lift off versus any type of mid-year adjustments.

Despite this upbeat economic data, the SPDR S&P 500 ETF (NYSE: SPY) finished the week down more than half a percent and is now sitting quite near its 50-day moving average. In addition, further interest rate volatility led to a steep weekly decline in long-duration Treasury bonds that make up the iShares 20+ Year Treasury Bond ETF (NYSE: TLT).

The following ETFs represent a sample of the best- and worst-performing funds over the last five trading sessions.

BEST: International IPO Fund

The Renaissance International IPO ETF (NYSE: IPOS) is a unique fund designed to provide access to a diversified basket of new publicly traded companies in overseas markets. This week, IPOS gained more than 13 percent and hit its highest levels of the year.

IPOS scans the newest and most liquid initial public offerings for stocks outside the United States. Positions are eligible for inclusion in the index after five full trading days and removed after two years.

The current portfolio is made up of 93 international stocks and holdings are regularly shuffled to keep the index fresh. This ETF just recently announced it is adding Huatai Securities, a mid-sized brokerage firm in China, to its portfolio after the market close on June 5.

WORST: India Small Cap Stocks

Small-cap stocks in India plunged this week, which sent the EGShares India Small Cap ETF (NYSE: SCIN) over 8 percent lower. This ETF invests in a basket of 75 smaller companies domiciled in India with a market cap weighted asset allocation.

On Friday, SCIN fell to its lowest levels of the year and is now off more than 20 percent from its 2015 high. This selling pressure also extended to the Market Vectors India Small-Cap Index ETF (NYSE: SCIF), which dropped 7 percent over the last five trading sessions.

India is continuing to grapple with political and economic reforms that have led to volatile trading in this emerging market over the last 12 months.

Posted-In: Broad U.S. Equity ETFs Specialty ETFs Emerging Market ETFs ETFs


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