Inside The ETFdb 60 Index: October 2011
The ETFdb 60 Index is an equal-weighted benchmark comprised of the largest ETF in each ETFdb Category, excluding inverse and leveraged ETFs. The Index gives an indication of the overall direction of the investable asset classes represented by this group of ETFs. At present, the ETFdb 60 Index includes 32 equity ETFs, 14 fixed income ETFs, 5 commodity ETFs, 2 real estate ETFs, and 6 miscellaneous ETFs (including currencies and multi-asset funds). For more information about the ETFdb 60 Index, or to see a complete list of holdings, click here.
Monthly Winners and Losers
After a rough August, the sell-offs in many asset classes only accelerated in September; concerns about the health of the euro zone rocked markets around the globe, sending many stocks into a steep slide. September was, once again, was a down month for most index components; losers outnumbered winners by nearly nine-to-one. Several ETFs moved lower by 10% or more during the last month, and the few funds that did advance posted some huge gains. Below, we run through the biggest winners and losers from the month of August:
The list of winners from the last month was pretty slim; only 6 index components finished September in positive territory. And that list didn’t include the traditional safe haven GLD, which has a habit of performing well when stocks encounter turmoil. A couple of the select few advancing ETFs, however, turned in relatively big gains:
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