Best/Worst Weekly ETF Returns: EGPT Tanks

November 30, 2012

Political uncertainties have investors jittery about their exposure to Egypt.

The Market Vectors Egypt ETF (NYSEArca: EGPT) was the worst-performing ETF in the past week ended Thursday, Nov. 29, sliding more than 13 percent as investors expressed concern over Egypt's ongoing political turmoil.

The decline came as the Dow Jones industrial average tagged on 185 points, or 1.44 percent in the Nov. 21 to Nov. 29 period. The markets were closed Nov. 22 for Thanksgiving.

Egypt's recently elected president has made an effort to undermine any residual power the military regime has had over that country for more than half a century—and was even successful in getting a draft constitution approved Friday in hopes of steering the country toward a more open future—but his measures have met with widespread opposition and have inspired bouts of public protests.

"We are now facing a defining moment of Egyptian history," a research note from Texas-based Stratfor read earlier this week. "The fall of [Hosni] Mubarak did not answer the question of the future of Egypt's government. Nor was it answered by the election of [Mohammed] Morsi.

"The question of whether the military regime was finished, whether it would support the civilian government or whether it was a power unto itself remained open," the geopolitical think-tank led by George Friedman added in its note. "The crisis is not over."

EGPT has bled more than 18 percent in the past month alone, although the $40.5 million fund remains 31.5 percent higher year-to-date.

A roster of natural-gas-focused strategies were also among the week's worst performers, with the United States Natural Gas Fund (NYSEArca: UNG) and the United States 12 Month Natural Gas Fund (NYSEArca: UNL) leading the pack, with losses of 9.3 percent and 7.8 percent, respectively.

On the flip side, solar energy ETFs were the best-performing funds in the past week, even if thinly traded. The Market Vectors Solar Energy ETF (NYSEArca: KWT) rallied 12.5 percent, while the Guggenheim Solar ETF (NYSEArca: TAN) gained nearly 12 percent on the week.

Several single-country funds were also among the best-returning strategies in the week, with ETFs like the $2.37 million EGShares India Consumer (NYSEArca: INCO) and the $2.56 billion iShares MSCI Taiwan Index Fund (NYSEArca: EWT) among the top performers.


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
KWT Market Vectors Solar Energy 12.52% 12,295 9.60
TAN Guggenheim Solar 11.91% 161,218 42.29
PSCM PowerShares S&P SmallCap Materials 7.95% 1,119 6.14
INCO EGShares India Consumer 7.78% 176,527 2.37
AXMT iShares MSCI ACWI ex-US Materials 7.00% 1,800 2.63
EWT iShares MSCI Taiwan 6.64% 34,067,285 2,567.79
EWGS iShares MSCI Germany Small Cap 6.29% 4,729 8.90
SCIF Market Vectors India Small-Cap 6.25% 731,615 74.31
XSD SPDR S&P Semiconductor 6.03% 35,180 34.73
PALL ETFS Physical Palladium 5.98% 573,274 485.90

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
EGPT Market Vectors Egypt -13.17% 790,179 41.11
UNG United States Natural Gas -9.36% 35,235,198 1,162.65
UNL United States 12 Month Natural Gas -7.81% 156,545 47.66
VIXY ProShares VIX Short-Term -7.34% 3,545,269 143.96
VIIX VelocityShares VIX Short Term ETN -7.17% 2,296,403 14.06
VXX iPath S&P 500 VIX Short-Term Futures ETN -7.15% 132,348,520 1,277.94
CVOL C-Tracks Citi Volatility ETN -6.64% 173,463 4.41
NAGS Teucrium Natural Gas -6.25% 14,643 4.93
DCNG iPath Pure Beta Seasonal Natural Gas ETN -5.71% 36,661 36.76
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -4.95% 270,569 40.38

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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