ETFs tracking emerging markets, U.S. homebuilders and gold mining companies were among the biggest percentage gainers Wednesday after the Federal Reserve decided not to scale back its bond and mortgage purchases.
ETFs indexed to developing markets such as iShares MSCI Emerging Markets (NYSEArca: EEM) and Vanguard FTSE Emerging Markets (NYSEArca: VWO) were up nearly 3% to outperform U.S. stocks. Emerging markets have underperformed this year on widespread expectations the Fed would taper, but they have been gaining ground against the S&P 500 in recent weeks.
Meanwhile, iShares Dow Jones US Home Construction (NYSEArca: ITB) jumped more than 3% on Wednesday. The homebuilder ETF rally appeared to be driven by investors positioning for lower mortgage rates in the wake of the Fed decision. [ETFs React to Fed]
Also Wednesday, gold miner ETFs gained more than bullion prices. Market Vector Gold Miners (NYSEArca: GDX) was up 6.6% at last check.
iShares MSCI Emerging Markets
