Market Overview

Best And Worst ETFs Of The Week Amid Greek Relief Deal

Best And Worst ETFs Of The Week Amid Greek Relief Deal

The SPDR S&P 500 ETF (NYSE: SPY) hit new all-time highs on Friday as news of a deal to extend the duration of the Greek bailout and work on a long-term finance solution had been reached. Despite the late stages of the bull market, there continues to be a steady flow of positive data that has fueled the most recent breakout.

Another notable event may soon be on the horizon as well. The NASDAQ Composite Index is nearing the 5,000 level, which marked the top in technology stocks over a decade ago. Recapturing this milestone would be a significant achievement for the last major index to overcome new all-time highs.

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

BEST: Currency Hedged Japanese Financial Stocks

International hedged equity ETFs have been one of the hottest segments of the market in 2015. Many popular offerings such as the WidsomTree Europe Hedged Equity Fund (NYSE: HEDJ) have seen billions of inflows in just a few short months.

This high demand has prompted several spinoff funds that focus on currency hedged exposure for select international sectors as well. This week, the WisdomTree Japan Hedged Financials Fund (NYSE: DXJF) was one of the best-performing indexes with a gain of 6 percent.

This ETF invests in a basket of 83 Japanese-based banks and financial institutions with parallel short positions in the Japanese yen currency. This strategy is designed to provide sector-specific exposure, while simultaneously reducing the impact of currency fluctuations for U.S.-based investors.

WORST: Coffee Futures

On the other side of the coin, coffee futures fell precipitously over the holiday-shortened week. The iPath Pure Beta Coffee ETN (NYSE: CAFE), which tracks an index of liquid commodity futures contracts, dropped more than 12 percent since last Friday.

CAFE benefited from supply issues that resulted in increased prices for coffee last year. However, since peaking in October, this exchange-traded note has slipped more than 30 percent from its highs.

Caffeine lovers will no doubt appreciate the lower prices in this segment if they eventually filter down to consumers.

Posted-In: Sector ETFs Currency ETFs Trading Ideas ETFs Best of Benzinga


Related Articles (CAFE + DXJF)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

JMP Feeling Mostly Good On 4 Drug, Healthcare Stocks

Do You Live In The Drunkest State? This Data Finally Has The Answer