February turned out to be the month of energy and natural resources exchange traded funds (ETFs), beating out the juggernaut that is precious metals.
Richard Widows for The Street says funds that included an international focus took five of the next nine spots, while global income and emerging market equities took second and third place respectively.
Global equity managed a slightly negative total return for the month, but was still better than the average performance of -0.61% for all 652 ETFs tracked.
The best-performing fund for February was ProShares Ultra-Short Financials (SKF) up 22.64% taking an inverse position and leveraging the worst-performing financial services category. The sector continued to take a hit on recession fears.
iPath Dow Jones AIG Natural Gas Total Return (GAZ), iShares Silver Trust (SLV), iShares MSCI Taiwan (EWT) and Market Vectors Steel (SLX) all achieved returns in the double digits and led their respective categories.
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.