Big ETFs, Big Returns In November
Source: http://www.indexuniverse.com/sections/newsinfocus/4988-ten-etf-biggies-have-reason-to-give-thanks-at-novembers-end.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rssPosted on Friday, November 28th, 2008 | In Exchange Traded Funds
November wasn’t so bad for some of the biggest ETFs.
The picture was relatively bright for the performance of the ten-largest exchange-traded funds in November. After the two-month market rout of September and October, even among volatile conditions, seven of the 10 largest ETFs had positive performance in November, according to Morningstar data through Nov. 26. At end of day Friday, the S&P had posted its best week since 1974, so the numbers should improve even a little more once the last day of the month is added, at least for the majority of equit yportfolios among the Top Ten.
Leading the way among equity ETFs was the iShares MSCI Emerging Markets Index (NYSE Arca: EEM), up 12.70% for the month.The Thanksgiving week was also kind to EEM, when the ETF surged 10.24%, through Wednesday the 26th.
The best performer overall was the SPDR Gold Shares (NYSE Arca: GLD) up 14% for the month as market volatility continued to favor the long-time safe haven asset class.
EEM and GLD were the only ones among theTop Ten ETFs with double-digit performance for the month—at least, double-digit positive performance.
Amid the continued financial stock meltdown, the Financial Select Sector SPDR (NYSE Arca: XLF) was down 11.11% for the month. The situation did improve in the last week of November, however, as Citigroup’s agreeing to a bailout plan by the government allowed XLF to gain 18.17% through the first three days of the week.
The only other funds among the Top Ten innegative performance territory for the month were the PowerShares QQQ (NASDAQ: QQQQ) and the iShares Russell 2000 Growth Index, down 0.66% and 1.02%, respectively. IWO, along with XLF, had large one-week gains in the Thanksgiving week. IWO surged 13.08%, only surpassed by XLF’s gain of 18.17%.
Even with a healthy helping of positive performance in November, the Top Ten were still showing woeful year-to-date performance.
Here are the year-to-date numbers, through Nov. 26, as well as the rest of the performance picture for the Top Ten ETFs, which controlled more than $200 billion of the industry’s $488 billion at the end of October, according to the National Stock Exchange:
|
ETF |
November Returns (%) |
Year-To-Date Returns (%) |
One Week (11/24-11/26) Returns (%) |
|
SPY |
1.62 |
38.13 |
10.08 |
|
EFA |
0.78 |
-47.62 |
3.45 |
|
EEM |
12.70 |
-54.64 |
10.24 |
|
GLD |
14.0% |
-3.23 |
6.61 |
|
QQQQ |
-0.66 |
-42.57 |
9.71 |
|
DIA |
4.24 |
-32.71 |
8.78 |
|
XLF |
-11.11 |
-56.33 |
18.17 |
|
IWF |
1.91 |
-39.91 |
9.51 |
|
IWO |
-1.02 |
-38.15 |
13.08 |
|
IVV |
1.62 |
-38.19 |
10.10 |
Source: National Stock Exchange
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Citigroup, ETF, Exchange Traded Funds, Financial Select Sector SPDR;, index universe, iShares MSCI Emerging Markets Index;, iShares Russell 2000 Growth Index;, IWO;, MSCI Emerging Markets, National Stock Exchange, PowerShares QQQ, Russell 2000, S&P, Thanksgiving, USD
 About IndexUniverse Staff (http://indexuniverse.com)
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