5 Best-Performing ETFs Of Last Week

Wall Street continued its uptrend last week with the S&P 500 and Nasdaq hitting new highs, climbing 0.7% and 0.9%, respectively. The rally was driven by strong economic data including jobs data and a dovish Fed. In particular, the U.S. added jobs at the fastest pace this year in November and unemployment dropped to the lowest level since 1969.

The phase one trade deal between the United States and China bolstered confidence in the stock market. Notably, the S&P 500 is on track to register its best performance since 2013 and the third-strongest annual gain since the start of the century.

Given this, we have highlighted five ETFs that gained the most last week.

Virtus LifeSci Biotech Clinical Trials ETF (BBC - Free Report) – Up 8.9%

This ETF has perked up buoyed by deal activities as Merck & Co. (MRK) and Sanofi (SNY) agreed to buy smaller cancer-drug makers ArQule (ARQL) and Synthorx (THOR), respectively. BBC invests solely in firms with promising drugs in clinical human trials that have not yet been approved by the FDA or gone into production. This can easily be done by tracking the LifeSci Biotechnology Clinical Trials Index. BBC has amassed $32.6 million in its asset base and charges 79 bps in fees per year from investors. It trades in a light average daily volume of around 7,000 shares and holds 96 securities in its basket. The product carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.

Global X Copper Miners ETF (COPX - Free Report) – Up 7.2%

Copper prices rose to their highest level in seven months last week on optimism over easing of U.S.-China trade tensions that has fueled hopes of a global growth rebound. COPX offers global access to a broad range of copper mining companies. It tracks the Solactive Global Copper Miners Total Return Index and holds 29 stocks in its basket. Canadian firms take the largest share at 32.7%, while Australia and China round off the next two spots. The product has managed $83.9 million in AUM while charging 65 bps in fees per year. It trades in a light volume of 51,000 shares a day on average.

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