Another month and quarter has come and gone in the exchange traded fund (ETF) world and fall is in the air. Although it was a bumpy quarter, The Federal Reserve rate cut helped rally domestic markets within reach of their record highs. For the month, broad markets were up about 4% and large-cap growth outperformed mid- and small-caps.
Emerging, Asian and European markets outperformed domestic markets. China ETFs gained over 20% and the emerging markets weren’t far behind with 18% gains.
Top performing sectors for September included steel and gold miner ETFs, each up 22%. The homebuilding sector continued to its downward trend, losing 12%. To see how each asset class, region and sector performed, click here for the full performance report.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. 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.