February was a rocky month for both the broader markets and exchange traded funds (ETFs).
The top area was precious metals, a signal of heavy safe-haven buying. Gold gained about 6%, while silver jumped 8.6%. Gold miners even showed a small gain for the month, up 1.9%.
Other areas of the market didn’t fare so well, though. Financials and real estate took hits: the iShares Cohen & Steers Realty Majors (ICF) fell 32.6%, while the Financial Select Sector SPDR (XLF) lost 26.3%.
For a complete look at the month of February, click through to see our February 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.