Wicked Wednesday for Volatility, Mining ETFs
October 16th, 2013 at 5:46pm by Todd Shriber
Did you know that all of the 10 worst-performing non-leveraged ETFs on a year-to-date basis are related to precious metals? It is not unreasonable to surmise that if the list of 2013’s worst performers is opened to include ETNs, some volatility products would appear.
In other words, Wednesday’s list of ETF and ETN offenders reads like a who’s who of volatility and precious metal mining products. This is how bad things have gotten for the miners: Major mining ETFs dipped on a day when U.S. equities AND gold futures rose. [Gold ETFs Flirt Dangerously With Key Support Areas]
Here is the rundown of Wednesday’s worst from the ETF execution team at WallachBeth Capital.