ETFs assets grow 3.8% in October

It was the ETF Insider's index of the top 50 exchange traded funds' second-strongest month this year.
NOV 01, 2007
ETF Insider's index of the top 50 exchange traded funds increased 3.8% in October, marking the second-strongest month of the year. In September, the index posted a 4.7% gain. The index represents the asset-weighted price-only performance of the 50 largest exchange traded funds. U.S. technology stocks had a strong month, with the PowerShares QQQ (QQQQ) shooting up 7%. The Vanguard Emerging Markets ETF (VWO) shot up 13%, propelled upwards in particular by soaring markets in China and Brazil. The iShares Brazil Index (EWZ) and the iShares FTSE/Xinhau China 50 Index (FXI) rose 16.4% and 21.4% in October, respectively. The StreetTracks Gold Shares (GLD), which tracks the spot price of gold, increased 7.0% on the weaker dollar and fears of inflation. The SPDR S&P 500 Trust (SPY) advanced 1.4% in the month, greatly eclipsed by the 4.3% of the iShares MSCI EAFE Index (EFA), the corresponding benchmark for foreign equities. The ETF 50 Index, which is released on a monthly basis, advanced 9.5% in the past three months and is ahead 15.8% so far this year. ETF Insider is published by InvestorPlace Media LLC, which is based in Rockville, Md.

Latest News

WallStreetBets takes on the SEC — and makes a surprisingly sharp case
WallStreetBets takes on the SEC — and makes a surprisingly sharp case

The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.

Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale
Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale

RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.

Beyond wealth management: Why the future of advice is becoming more human
Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up
Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up

Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.

UBS loses $1.2 million arbitration claim linked to variable annuities and margin
UBS loses $1.2 million arbitration claim linked to variable annuities and margin

UBS has a history of costly litigation stemming from the sale of volatile investment products.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline