By John Nyaradi
Hot ETFs for Week 9 found in commodity, international sectors
Week 9 0f 2012 was quiet in the U.S. stock and ETF universe, but there was plenty of action in commodity and international sectors.
Hot ETFs and their performance for Week 9:
iShares Silver Trust (NYSEARCA:SLV) +5.6% for the week. The assets of the trust own interests in silver which are exchanged for shares issued by the Trust. The Trust reflects the price of silver owned by the Trust and the Trustee is The Bank of New York Mellon, and the custodian of the Trust is JP Morgan Chase.
iShares Dow Jones U.S. Oil Equipment & Services Index Fund (NYSEARCA:IEZ) +3.4% is an ETF that tracks the performance of the Dow Jones U.S. Select Oil Equipment & Services Index which follows companies in the oil equipment and services sector including suppliers to oil fields, offshore rigs and drilling companies.
iShares MSCI Thailand Index Fund (NYSEARCA:THD) +3.1% is an ETF that tracks the performance of the MSCI Thailand Investable Market Index.
Hot ETFs Last 30 Days:
Isaac Newton said that objects in motion tend to stay in motion and momentum investing is a valid way to track today’s hot trends.
iShares Dow Jones U.S. Technology Sector Index (NYSEARCA:IYW) + 7.6% is an ETF tracking the performance of the Dow Jones U.S. Technology Index
iShares MSCI Turkey Index (NYSEARCA:TUR) +11.2% tracks the performance of the MSCI Turkey Investable Market Index
Bottom line: While the U.S. stock market traces a flat line, opportunities currently appear in international and commodity sectors. As the old saying goes, “there’s always a bull market somewhere.”
Disclaimer: Wall Street Sector Selector actively trades a wide range of exchange traded funds (ETFs) and positions can change at any time.