We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Last week, U.S. stocks were mostly in the green. Among the top ETFs, investors saw (SPY - Free Report) gaining about 3.2%, (DIA - Free Report) adding about 3.4% and (QQQ - Free Report) move higher by 3.0%. Talks of likely improvement in U.S.-Sino trade relation played a great role in pushing the market higher.
Let’s take a look at which ETFs benefited and lost the most.
Trump cautioned Turkey of economic wreckage if its army attacks Kurds in Syria. However, Trump and Turkish president Recep Tayyip Erdogan later conversed on the phone to sort out differences, boosting the lira and Turkish equities. Plus, news of likely U.S.-China trade resolution boosted the global stocks.
United States Natural Gas (UNG) – Up 8.9%
Natural gas prices jumped on projections of cooler-than-expected temperatures in the second half of January. Heating demand has averaged about 45 Bcf/d in January, against 41 Bcf/d in December and 37 Bcf/d in November. This has contributed to the price gains in natural gas used for electricity (read: Natural Gas ETFs Jump on Colder-Than-Normal Weather Forecast).
Steepening of the U.S. treasury yield curve amid dovish Fed comments and an improving U.S. economy has proven to be a boon to banking stocks. Plus, upbeat earnings releases from some industry biggies like Citi (C - Free Report) , Goldman (GS - Free Report) and BofA (BAC - Free Report) helped the fund.
Global X MSCI China Health Care ETF (CHIH) – Up 7.1%
Chinese biopharmaceutical and healthcare industries are thriving with opportunities right now. The sector has become venture capital’s darling. According to health-care information company IQVIA, China was the world's second-largest national pharmaceutical market in 2017 — worth $122.6 billion — with the potential to become a $145-$175 billion market by 2022, per an article published on CNBC (read: Explore China's Booming Biopharma Space With This New ETF).
ETFMG Prime Junior Silver ETF (SILJ - Free Report) ) – Down 7.5%
Silver prices declined in the past week as it lacked both safe-haven demand as well as the need as an industrial metal. Since markets gained materially, there has been hardly any demand for safe-haven asset, while growing concerns about global growth cut the need for industrial metal. Both factors weighed on SILJ.
Market Vectors Indian Rupee/USD ETN ) – Down 7.1%
Moderate increase in the greenback and an uptick in WTI crude last week made India’s currency a loser last week. This is because the country is a huge importer of crude.
The S&P 500 VIX Short-Term Futures Index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for one month in the future. Since the broader markets were steady last week, this volatility ETF lost materially.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Top and Flop ETFs of Last Week
Last week, U.S. stocks were mostly in the green. Among the top ETFs, investors saw (SPY - Free Report) gaining about 3.2%, (DIA - Free Report) adding about 3.4% and (QQQ - Free Report) move higher by 3.0%. Talks of likely improvement in U.S.-Sino trade relation played a great role in pushing the market higher.
Let’s take a look at which ETFs benefited and lost the most.
Best ETFs
iShares MSCI Turkey ETF (TUR - Free Report) ) – Up 10.6%
Trump cautioned Turkey of economic wreckage if its army attacks Kurds in Syria. However, Trump and Turkish president Recep Tayyip Erdogan later conversed on the phone to sort out differences, boosting the lira and Turkish equities. Plus, news of likely U.S.-China trade resolution boosted the global stocks.
United States Natural Gas (UNG) – Up 8.9%
Natural gas prices jumped on projections of cooler-than-expected temperatures in the second half of January. Heating demand has averaged about 45 Bcf/d in January, against 41 Bcf/d in December and 37 Bcf/d in November. This has contributed to the price gains in natural gas used for electricity (read: Natural Gas ETFs Jump on Colder-Than-Normal Weather Forecast).
Invesco KBW Bank ETF (KBWB - Free Report) ) – Up 7.8%
Steepening of the U.S. treasury yield curve amid dovish Fed comments and an improving U.S. economy has proven to be a boon to banking stocks. Plus, upbeat earnings releases from some industry biggies like Citi (C - Free Report) , Goldman (GS - Free Report) and BofA (BAC - Free Report) helped the fund.
Global X MSCI China Health Care ETF (CHIH) – Up 7.1%
Chinese biopharmaceutical and healthcare industries are thriving with opportunities right now. The sector has become venture capital’s darling. According to health-care information company IQVIA, China was the world's second-largest national pharmaceutical market in 2017 — worth $122.6 billion — with the potential to become a $145-$175 billion market by 2022, per an article published on CNBC (read: Explore China's Booming Biopharma Space With This New ETF).
Now, there is heightened speculation that the United States and China are moving toward a possible trade deal. This along with news of a large-scale tax cut in the biggest emerging market economy boosted the fund last week (read: U.S., China to Reach a Trade Deal? ETF Areas to Gain).
Worst ETFs
ETFMG Prime Junior Silver ETF (SILJ - Free Report) ) – Down 7.5%
Silver prices declined in the past week as it lacked both safe-haven demand as well as the need as an industrial metal. Since markets gained materially, there has been hardly any demand for safe-haven asset, while growing concerns about global growth cut the need for industrial metal. Both factors weighed on SILJ.
Market Vectors Indian Rupee/USD ETN ) – Down 7.1%
Moderate increase in the greenback and an uptick in WTI crude last week made India’s currency a loser last week. This is because the country is a huge importer of crude.
ALPS Sprott Junior Gold Miners ETF (SGDJ - Free Report) ) – Down 5.4%
Amid declining demand of the safe-haven assets, gold prices dived last week and so did gold miner ETFs.
ProShares VIX Short-Term Futures (VIXY - Free Report) ) – Down 5.8%
The S&P 500 VIX Short-Term Futures Index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for one month in the future. Since the broader markets were steady last week, this volatility ETF lost materially.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>