Top And Flop ETFs Of November

Donald Trump’s victory in the U.S. presidential election and OPEC’s output deal signed for the first time in eight years were the highlights of the month of November.

Trump’s victory led to about 4.1% gains for the S&P 500, 6% for the Dow Jones Industrial Average and about 3.3% returns for the Nasdaq composite despite a somber start to the month. Investors should note that some specific sectors like industrial, biotech and banking were the ones to benefit the most following Trump’s win.

Meanwhile, the Fed is preparing to raise the interest rates in December, which acted as another market mover. Oil prices witnessed a steep jump following the OPEC deal, largely benefiting energy stocks to end the month. However, the broader market wasn’t impacted much.

Winners

Barclays Inverse US Treasury Aggregate ETN TAPR

With almost 100% chance of a December hike, the yield on benchmark U.S. Treasury note jumped to 2.37% on November 30 from 1.83% at the start of the month. This in turn boosted inverse bond exchange-traded products like TAPR, which was up over 30% (read: ETFs in Focus on Rate Hike Hopes Following Fed Minutes).

ETFS Physical Palladium PALL

The usage of palladium is high in the automotive industry for manufacturing catalytic converters.With a bullish outlook for the global auto sector, palladium hit an 18-month high in November. Moreover, 2017 is projected to witness substantial supply shortages. PALL added about 24% in November (read: Will this Precious Metal ETF Outshine Others in 2017?).

iPath Pure Beta Copper ETN CUPM

China's factory activity grew at its fastest clip in over two years in November. The country caters to roughly 40% of the global copper demand, logically giving copper prices a boost. CUPM gained about 23% in the month.

SPDR S&P Metals and Mining ETF XME

The dual dose of Trump and China boosted the space. Trump’s pledge to invest in infrastructure activities also went in favor of some metals, which are used as raw materials.Plus, since the Chinese economy accounts for about half of the global consumption of the industrial commodities, the surge in metal and mining stocks are self-explanatory. XME advanced over 22% in November.

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