November has been a volatile month, to say the least, for the markets and exchange traded funds (ETFs). Major market indexes and ETFs ended the month down. Thus it isn’t too surprising that the UltraShort ETFs had monthly returns ranging from 5% to 19%.
The Dow Jones industrial average lost 4% in November, while the S&P 500 was down 4.4% and the Nasdaq was lower by 7%. Global ETFs were down as well, with Europe down about 3% and Latin America lost about 6%. Asian ETFs fell between 2% for Japan and 14% for China. The India ETN gained 5.7%.
Agricultural ETFs gained almost 6% for November, followed by fixed income ETFs gaining about 3%. Real estate related ETFs were the worst performers for the month. Click here to view the November ETF performance report.
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.