June 30, 2008 at 2:00 pm by Tom Lydon
Today, the markets wrap up a month, a quarter and the first half of the year and it was a rocky June for exchange traded fund (ETF) investors. The Dow Jones industrial average lost 10.2% this month, while the Nasdaq finished 9.1% lower and the S&P 500 lost 8.6%.
Commodities, oil and metals continued to be strong performers, as they have been for much of this year. Oil settled the month at $140 a barrel, and gasoline reached a new record national average of $4.086 a gallon.
The bad news and economic environment didn’t help the financial service-related ETFs, as their sector was down the most for the month by about 19%.
Click here to view the full ETF performance report and see how the different asset classes, sectors and global regions performed for the month, quarter and first half of 2008.
Tags | Dow Jones Industrial Average, Energy, Financial, Gas, Oil, Retail & Consumer
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June 30th, 2008 at 2:51 pm
I am unsure of the qualifications for ETFs to make/not make the list?
UNG & KOL, two sky-high performers, are not listed, as well as, I assume, others I do not follow as closely because I am not invested in them.
Thanks! As always etftrends continues to be a great informational website!
July 1st, 2008 at 7:43 am
Proshares Ultrashort Financials (SKF) has done quite well; not all financial ETF’s performed poorly.
July 1st, 2008 at 8:25 am
Hi Tim,
Thanks for your comment! We like to know what our readers are looking for.
The list is by no means complete, and we’re always looking for funds to add to it. Those funds and others are on our radar, and it’s likely they’ll be added soon. Stay tuned!