Gold ETFs Top Weekly Returns

June 13, 2014

Yellow-metal ETFs rallied last week, topping 15 percent in returns, but don’t get too excited just yet.

Gold miner and explorer-focused ETFs moved higher in the past week, buoyed by the European Central Bank’s cut of its benchmark interest rate from 0.25 percent to a record-low 0.15 percent, while pushing its deposit facility rate into negative territory for the first time.

The Global X Gold Explorers (GLDX | D-23) and the Market Vectors Junior Gold Miners (GDXJ | C-29) returned 15.5 percent and 15.2 percent, respectively, in the past week.

However, the rally was dubbed “an oversold bounce” by Sumit Roy, managing editor of Hard Assets Investor, resulting from the ECB’s monetary policy actions.

On the flip side, Qatar and United Arab Emirates ETFs, including the iShares MSCI Qatar Capped ETF (QAT) and the iShares MSCI UAE Capped (UAE) were down almost 6 percent as fighting unexpectedly resumed in Iraq.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GLDX Global X Gold Explorers 15.47% 282,320 45.68
GDXJ Market Vectors Junior Gold Miners 15.23% 27,433,970 2,093.41
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) 11.02% 46,092 6.39
XBI SPDR S&P Biotech 9.15% 3,150,141 1,143.37
SIL Global X Silver Miners 8.50% 825,802 228.51
PBE PowerShares Dynamic Biotech & Genome 8.20% 420,437 381.50
EVAL iShares MSCI Emerging Markets Value 7.75% 19,598 19.39
BRAF Global X Brazil Financials 7.00% 25,564 3.08
EWZ iShares MSCI Brazil Capped 6.61% 83,736,514 4,900.71
GDX Market Vectors Gold Miners 6.09% 111,439,208 7,654.42

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
JJN iPath Dow Jones-UBS Nickel Total Return ETN -6.15% 96,243 14.87
QAT iShares MSCI Qatar Capped -5.80% 191,490 36.22
UAE iShares MSCI UAE Capped -5.74% 322,173 62.27
NINI iPath Pure Beta Nickel ETN -4.87% 9,115 5.12
MES Market Vectors Gulf States -4.40% 164,374 34.84
ICF iShares Cohen & Steers REIT -3.16% 945,331 2,908.79
RWR SPDR Dow Jones REIT -2.92% 985,815 2,559.44
VNQ Vanguard REIT -2.87% 19,625,737 23,553.51
SCHH Schwab U. S. REIT -2.86% 718,407 985.59
FRI First Trust S&P REIT -2.86% 606,584 261.20

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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