This week’s top ETF performers were concentrated in the emerging markets category, including Vietnam, Turkey, Brazil and China.
In commodities, products tracking coffee, steel and palladium led the way.
Conversely, the steepest decliners included gasoline, master limited partnerships, gold miners and homebuilders.
The top three ETFs this week were Market Vectors Vietnam (NYSEArca: VNM), iShares MSCI Turkey (NYSEArca: TUR) and Market Vectors Brazil Small-Cap (NYSEArca: BRF). They gained at least 3%.
The bottom three ETFs were U.S. Gasoline Fund (NYSEArca: UGA), Credit Suisse Cushing 30 MLP (NYSEArca: MLPN) and U.S. Brent Oil Fund (NYSEArca: BNO) with losses of more than 3%.
In next week’s economic data, look for reports on the trade deficit, retail sales and inflation. However, the big event will be the Federal Reserve announcement on Wednesday, followed by a press conference with Fed chief Ben Bernanke.
Full disclosure: Tom Lydon’s clients own QQQ and AAPL.