Wednesday ETF Wrap-Up: EWZ Up, UNG Down

Wednesday brought perhaps one of the least anticipated meetings of the Federal Reserve in recent memory, but the event still commanded the attention of investors around the world. Bernanke & Co. affirmed (as expected) a low interest rate policy, leaving equity markets mixed in afternoon trading. The ETFdb 60 Index, a benchmark measuring the performance of the universe of investable assets available through exchange-traded products, gained 0.91, or 0.1%, to close at 989.16.

Leading the charge on Wednesday was the iShares MSCI Brazil Index Fund (EWZ), which gained 2.2% on increased appetite for risk and a stronger real. News of an active acquisition market also boosted Brazilian equities, as telecom giant Telefonica raised its bid for GVT Holding SA by a significant margin.

On the downside, the United States Natural Gas Fund (UNG) declined by almost 3% on seemingly redundant news of ample supply and warm weather:

Disclosure: No positions at time of writing.

Comments

[Michael Clark:]

Looks like BAL, Cotton ETF, is ready to rocket higher:

seekingalpha.com/insta...

Put on your hat.

Nov 05 09:06 AM