Best/Worst Weekly ETF Returns: INCO, SMIN Shine

September 28, 2012

India equities stole the show in a week when U.S. equities bled value.

A number of India equities ETFs were among the week's top-performing funds, as the market reacted to what has been deemed positive government measures to address the country's fiscal problems.

Recent gains in India's currency, the rupee, were an added shot in the arm for U.S. investors compared with the returns local investors have seen on the same equities, IndexUniverse Analyst Ugo Egbunike recently pointed out in the weekly "FX Impact" report.

In the last week ended Thursday, Sept. 27, six out of the top 10 best-performing exchange-traded products were linked to India, with funds such as the EGShares India Consumer ETF (NYSEArca: INCO) leading the charge, with gains of more than 9 percent. The iShares MSCI India Small Cap Index Fund (NYSEArca: SMIN) rallied nearly 8 percent in the past week.

The gains came as the Dow Jones industrial average dropped 111 points, or 0.81 percent, in the same five-day period.

On the flip side, the Global X Aluminum ETF (NYSEArca: ALUM) was one of the worst-performing funds in the week, dropping 7.5 percent. ALUM is one of the four ETFs Global X is shutting down on Oct. 18 due to the strategy's inability to attract assets. As of Thursday, Sept. 28, ALUM had only $2.26 million in assets.

The solid-state computer-drives-focused Etracs ISE SSD ETN (NYSEArca: SSDD) was the single worst-performing fund last week, bleeding nearly 8 percent of value.


Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
UNG United States Natural Gas 10.13% 54,723,651 1,147.37
INCO EGShares India Consumer 9.17% 17,518 2.17
SMIN iShares MSCI India Small Cap 7.87% 6,722 4.92
UNL United States 12 Month Natural Gas 7.33% 267,278 50.90
NAGS Teucrium Natural Gas 7.03% 21,642 3.74
INXX EGShares India Infrastructure 6.55% 43,672 58.36
SCIN EGShares India Small Cap 6.13% 32,740 24.24
SCIF Market Vectors India Small-Cap 5.39% 285,144 42.54
GRN iPath Global Carbon ETN 5.19% 6,725 1.31
INDY iShares S&P India Nifty 50 4.65% 392,351 292.57

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
SSDD ETRACS ISE SSD ETN -7.96% 1,855 11.24
ALUM Global X Aluminum -7.49% 3,840 2.26
PSTL PowerShares Global Steel -6.97% 8,360 1.95
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -6.64% 412,444 5.13
AXMT iShares MSCI ACWI ex-US Materials -6.40% 2,969 2.62
BAL iPath Dow Jones-UBS Cotton Total Return ETN -5.33% 91,550 32.51
FONE First Trust Nasdaq CEA Smartphone -5.14% 10,032 12.81
PKOL PowerShares Global Coal -5.00% 14,987 9.33
QQQM Global X NASDAQ 400 Mid Cap -4.85% 1,400 1.42
QCLN First Trust NASDAQ Clean Edge Green Energy -4.84% 16,723 14.83

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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