February ETF Performance Report: What’s Hot, What’s Not

March 2nd at 12:42pm by Tom Lydon

Despite ending the month on a down note, markets and exchange traded funds continued to rally through February, with the broader markets returning to the 2011 highs.

Many single-country ETFs for emerging markets are hot, including Market Vectors China (NYSEArca: PEK), Market Vectors Egypt (NYSEArca: EGPT) and Market Vectors Vietnam (NYSEArca: VNM).

The Dow Jones Industrial Average finished the month up 2.4%, and even crossed over the pivotal 13,000 mark. Meanwhile, the S&P 500 gained 4.0% and remains firmly above its 1,350 resistance level. The Nasdaq Composite also crossed the 3,000 level for the first time since the dot-com bust, adding 5.5% for the month.

The markets rallied on improving economic indicators: manufacturing numbers were better, jobs numbers gained at a steadier pace, existing home sales were better-than-expected and consumer sentiment is recovering.

Also contributing to the lower market volatility is that the possibility of a Greece default has been largely abated. Demand for safe-haven Treasuries is easing as the markets see a risk-on sentimentality.

Nevertheless, the markets ended the month on a sour note, following Fed Chairman Ben Bernanke’s lukewarm overview of the U.S. economy and the lack of a definitive quantitative easing measure.

Top performing funds over February included those that track energy, energy-related sectors and the emerging markets.

Market Vectors China

For more information on ETF performances, visit our ETF performance reports categoryClick here to see the full February performance report.

Visit our ETF Analyzer for the most up-to-date ETF performance numbers.

Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

Tickers