Late last week, President Barack Obama signed a bill to end the 16-day U.S. government shutdown and avoid a default. Over that period, stocks were anything but calm, as speculation as to whether or not the nation would avoid default, and when that deal may come, sent markets into a frenzy. Below we outline some of the best and worst performing ETFs during the government shutdown. The Worst Performing ETFs A number of funds suffered at the hands of a bickering Congress, but none more than the following three, which shaved off more than 20% of their share price: Four more ETFs lost between 15% and 20%, three of which carry a 3X leverage: Seventeen more funds lost between 10% and 15% – the vast majority of which apply a leverage of some kind: The Best Performing ETFs While some ETFs struggled to stay afloat, others used the government fiasco [...] Click here to read the original article on ETFdb.com. Related Posts: Ten Unexpected Observations On YTD ETF Returns August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Free ETF Trading: Comparing All The Options Picture Edition: Major Asset Class Returns From The 2009 Bottom Think You’re An ETF Expert?
Late last week, President Barack Obama signed a bill to end the 16-day U.S. government shutdown and avoid a default. Over that period, stocks were anything but calm, as speculation as to whether or not the nation would avoid default, and when that deal may come, sent markets into a frenzy. Below we outline some of the best and worst performing ETFs during the government shutdown. The Worst Performing ETFs A number of funds suffered at the hands of a bickering Congress, but none more than the following three, which shaved off more than 20% of their share price: Four more ETFs lost between 15% and 20%, three of which carry a 3X leverage: Seventeen more funds lost between 10% and 15% – the vast majority of which apply a leverage of some kind: The Best Performing ETFs While some ETFs struggled to stay afloat, others used the government fiasco [...]
Click here to read the original article on ETFdb.com.
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