It was just a four-day week, but it turned out to be the worst for U.S. stocks since 2011. The major U.S. indices plunged to end the week with just three members of the Dow Jones Industrial Average closing higher on Friday.
Fears regarding softness in the global economy, U.S. earnings and lingering weakness in emerging markets were among the drivers of this week’s downside. This correction, if it can legitimately be called that at this nascent stage, did impact the week’s most searched ETF tickers on ETF Trends, but some things remained the same.
That being biotech ETFs occupying several spots among the 10-most searched ETFs on our site this week. While that has been the case for several weeks, the popularity of biotech ETFs this was probably not a derivative of their performances as most closed the week lower. Rather, an educated guess would be the reputation of biotech stocks of being somewhat immune to global shocks. [A Look at the Most Searched ETFs]
Overall, three biotech ETF were found among the 10 most searched tickers on ETF Trends this week. New members of the list include the PowerShares KBW High Dividend Yield Financial Portfolio (NYSEArca: KBWD), which we highlighted Thursday. KBWD, which has a trailing 12-month yield of 7.5%, was the lone dividend ETF in this week’s top-10. [Financials The High Yield Way]
Another new entrant to this week 10 most searched list is the PureFunds ISE Junior Silver Small Cap Miners/Explorers ETF (NYSEArca: SILJ), which even with Friday’s decline of almost 3% is still up 21% this year. That is good enough to rank SILJ near the top of all non-leveraged ETFs to start 2014.
In other indications that investors are, at the very least, still interested in reading about riskier fare, the Guggenheim Shipping ETF (NYSEArca: SEA) and the Global X FTSE Greece 20 ETF (NYSEArca: GREK) also appeared in the top-10.
Both ETFs were covered this week, though it is reasonable to surmise that SEA’s status as a direct play on the global economy and GREK’s status as an emerging markets ETF had the pair in the spotlight. [Shipping ETF Searches for More Upside]
Speaking of emerging markets, it was surprising to see that ETFs such as the iShares MSCI Emerging Markets ETF (NYSEArca: EEM) and the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) finished just outside the top-10. The caveat there is we cull search data Friday afternoon, so there is a good chance that by Saturday morning, more emerging markets funds will have cracked our top-10
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.