Political risks kept gains at bay. Talks of a change up among President Donald Trump’s advisors kept markets on edge amid questions in how the president handled the violence in a Virginia demonstration. Nevertheless, toward the end of the month, investors jumped on the strengthening U.S. economic data. Many were also betting on Trump to clarify his plans to improve the tax code.
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Over the past month, the Dow Jones Industrial Average rose 2.2%. Meanwhile, the Nasdaq Composite gained 1.3% and the S&P 500 increased 2.1%.
The best performing non-leveraged ETPs of September include the PowerShares S&P SmallCap Energy Portfolio (NasdaqGM: PSCE) up 26.3%, SPDR Oil & Gas Equipment & Services ETF (NYSEArca: XES) up 25.9% and iShares U.S. Oil Equipment & Services ETF (NYSEArca: IEZ) up 19.9%.
The worst performing non-leveraged ETPs of the month include VMAX down 21.9%, EVIX down 19.6% and iPath S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) down 15.6%.
For more information on the ETF market, visit our ETF performance reports category.