It was not a memorable April for U.S. stocks, but it was not a dreadful month, either. When parsing through the best and worst exchange traded funds of the month, some obvious themes emerge.
Among the worst ETFs, momentum funds suffered. April’s worst non-leveraged ETFs run the gamut of social media, biotechnology, Internet and other momentum fare that investors have repudiated. [April’s Worst ETFs: Momentum Lost]
Looking at last month’s top ETFs, two themes jump out: Commodities and global ideas. Many of last month’s best ETFs and ETNs are either direct commodities plays, global funds or global funds with some type of commodities exposure. The leader, however, is not too surprising because it has been leading all year. That honor goes to the…