ETFs Point to More Risk-Off Trade | ETF Trends

The premarket action in exchange traded funds on Thursday showed investors remain rattled by the Eurozone debt crisis and weaker economic data. ETFs indexed to the dollar, Treasury bonds and VIX futures all rose before the opening bell.

In stocks, Dow futures pulled back about 30 points and the SPDR S&P 500 ETF (NYSEArca: SPY) slipped fractionally after losing nearly 2% in Wednesday’s sell-off. Investors are closing watching austerity protests in Greece and whether leaders can resolve Europe’s sovereign debt problems.

Elsewhere, the dollar strengthened again on Thursday. PowerShares DB US Dollar Bullish (NYSEArca: UUP) added 0.5%. [VIX, Treasury, Dollar ETFs Among Few Winners in Rout]

In bonds, iShares Lehman 20 Year Treasury (NYSEArca: TLT) also rose 0.5% in premarket trade. The ETF vaulted about 2% on Wednesday in the flight to safety.

Also Thursday, iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) climbed 2%, which suggests investors remain somewhat fearful after the previous session’s drubbing. [Are VIX ETFs Breaking Out?]