Daily ETF Roundup: EWZ Up, UNG Down

by on November 4, 2009 | ETFs Mentioned:

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.