ETF Performance Report

Stocks and exchange traded funds finally recovered to pre-2008 financial crisis levels over February, but volatility reared its ugly head in the last weeks of the month on Fed hints of unwinding accommodative measures and a fresh act in the Eurozone financial drama ahead of the sequestration deadline.

The Dow Jones Industrial Average added 1.7% over the past month. Meanwhile, the Nasdaq Composite inched 0.4% higher and the S&P 500 rose 1.2%.

The top performing non-leveraged ETFs over February include the Market Vectors Indonesia Small-Cap ETF (NYSEArca: IDXJ), iShares MSCI Indonesia Investable Market Index Fund (NYSEArca: EIDO) and the Market Vectors Indonesia ETF (NYSEArca: IDX).

Despite fears associated with the political uncertainty surrounding the elections, Indonesia’s economic growth remains stable.

“We can feel that this year, the political atmosphere is hotter than it was ahead of the 2009 election. Business players and the bureaucrats must remain calm and not be affected by the current condition,” tycoon Chairul Tanjung, chairman of government think tank the National Economic Committee (KEN) and the recently established Indonesia Forum Foundation, said in a Jakarta Globe article.

“Indonesia’s economy is stably growing even though it is not the fastest-growing,” Bank Indonesia governor Darmin Nasution said in the article. “We are more stable than India and China. Our economy can withstand outside impact. Indonesia is entering its economic golden age but we tend to underestimate ourselves. Our economy is more mature now.”

In contrast, the worst performing non-leveraged ETFs include Global X Gold Explorers ETF (NYSEArca: GLDX), PureFunds ISE Junior Silver ETF (NYSEArca: SILJ) and iShares MSCI Italy Capped ETF (NYSEArca: EWI).