March 17, 2008 at 1:00 am by Tom Lydon
February turned out to be the month of energy and natural resources exchange traded funds (ETFs), beating out the juggernaut that is precious metals.
Richard Widows for The Street says funds that included an international focus took five of the next nine spots, while global income and emerging market equities took second and third place respectively.
Global equity managed a slightly negative total return for the month, but was still better than the average performance of -0.61% for all 652 ETFs tracked.
The best-performing fund for February was ProShares Ultra-Short Financials (SKF) up 22.64% taking an inverse position and leveraging the worst-performing financial services category. The sector continued to take a hit on recession fears.
iPath Dow Jones AIG Natural Gas Total Return (GAZ), iShares Silver Trust (SLV), iShares MSCI Taiwan (EWT) and Market Vectors Steel (SLX) all achieved returns in the double digits and led their respective categories.
Tags: Asia, Emerging Markets, Energy, Financial, Gas, Material ETFs, Metals, Natural Gas, Oil, Silver, Steel, Taiwan
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March 18th, 2008 at 5:39 am
Tom.
Outstanding and most informative!!!
Is there a US or foreign money market or CD ETF,
thanks.
March 18th, 2008 at 9:35 am
There is Barclays GEMS Stretegy, a 15-currency money market account that covers five geographic zones.
http://www.etftrends.com/2008/02/new-currency-et.html
WisdomTree is also planning to launch 12 money market ETFs:
http://www.etftrends.com/2008/01/wisdomtree-file.html