Best/Worst Weekly ETF Returns: Japan ETFs Gain

March 22, 2013

Japan small-cap funds rally even as the U.S. stock market retraced recent gains.

A roster of Japanese equities ETFs, particularly those focused on small-cap securities, were some of the best-performing funds in the past week ended Thursday, March 21, as Japan's new central bank head reassured naysayers that he will do whatever it takes to hit inflation targets as soon as possible.

The WisdomTree Japan SmallCap Dividend ETF (NYSEArca: DFJ) gained 4.27 percent even as the Dow Jones industrial average slipped 0.8 percent in the same period.

Other funds, including the SPDR Russell/Nomura Small Cap Japan (NYSEArca: JSC), the iShares MSCI Japan Small Cap Index Fund (NYSEArca: SCJ) and First Trust's Japan AlphaDex ETF (NYSEArca: FJP) were all found on the week's top-performers list.

Strong rhetoric from Bank of Japan's newly instituted head Haruhiko Kuroda this week reinforced the BOJ's intention to possibly embark on open-ended asset purchases, and to hit a 2 percent inflation target, language that helped support the yen and fuel expectations that Japan might indeed find a way out of years of deflation.

On the flip side, India- and Brazil-focused funds tallied some of the steepest losses in the past week.

The Market Vectors India Small-Cap ETF (NYSEArca: SCIF) and the EGShares India Infrastructure ETF (NYSEArca: INXX) each bled some 9.4 percent of their value, respectively, while a pair of Brazil equities-focused funds by Global X and First Trust gave up some 5 percent in five days.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN 21.72% 2,575 0.65
ITB iShares Dow Jones U.S. Home Construction 4.62% 26,568,901 2,499.86
DFJ WisdomTree Japan SmallCap Dividend 4.27% 403,661 179.04
JSC SPDR Russell/Nomura Small Cap Japan 4.20% 75,727 69.06
NAGS Teucrium Natural Gas 4.18% 22,887 3.74
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 3.74% 588,096 41.35
SCJ iShares MSCI Japan Small Cap 3.39% 68,312 58.96
GLDX Global X Gold Explorers 3.27% 218,423 37.77
FJP First Trust Japan AlphaDex 3.24% 30,343 13.75
GDX Market Vectors Gold Miners 3.18% 60,356,144 7,639.82

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
SCIF Market Vectors India Small-Cap -9.43% 2,000,051 107.19
INXX EGShares India Infrastructure -9.42% 147,233 51.16
GREK Global X FTSE Greece 20 -7.63% 204,134 24.17
SCIN EGShares India Small Cap -7.21% 50,448 20.88
JJT iPath Dow Jones-UBS Tin Total Return ETN -5.79% 6,701 8.27
EPI WisdomTree India Earnings -5.42% 13,647,142 1,067.44
KWT Market Vectors Solar Energy -5.32% 27,944 11.58
BRAQ Global X Brazil Consumer -5.12% 49,869 24.26
FBZ First Trust Brazil AlphaDex -5.00% 6,403 5.79
PLND Market Vectors Poland -4.91% 39,480 29.54

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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