However, sector ETFs have moved in lock-step with the overall U.S. market the past month with sentiment driven by macroeconomic factors such as the European credit crisis and the U.S. debt ceiling. [Risk On, Risk Off — Sector ETF Correlations Spike]
ETFs that bet against international stocks have seen a pickup in trading activity lately on the credit turmoil. [ETF Chart of the Day: Emerging Markets]
In commodities markets, gold and silver ETFs traded higher. SPDR Gold Shares (NYSEArca: GLD) added 0.6% while U.S.Oil Fund (NYSEArca: USO) climbed nearly 2% on Tuesday. [Gold ETFs Near Record High as Debt Crisis Worsens]
In ETF industry news, Barclays has listed a new volatility-linked exchange traded note this week that replaces a previous version that was automatically redeemed after falling below a trigger threshold. [Barclays Launches Replacement to Shuttered Volatility ETN]
Semiconductor HOLDRS
