Exchange traded funds that invest in some of the market’s riskier sectors have seen the sharpest rallies in the bounce in stocks over the past week.
The list includes ETFs for precious metals miners, real estate, small-caps, financials, homebuilders and sugar.
The strong reversal in these ETFs, which tend to be more speculative or volatile, suggests some investors are positioning for a resumption of the “risk-on” trade.
The Federal Reserve statement released Wednesday afternoon didn’t contain any real surprises on interest rates and the economy, and markets were generally muted after the decision.
Market Vectors Gold Miners (NYSEArca: GDX)
iShares Dow Jones US Real Estate (NYSEArca: IYR)