3 ETFs to Watch for Big Moves This Year - ETF News And Commentary
23 January 2014 - 6:00AM
Zacks
Despite some headwinds, markets soared last year, producing broad
index gains of over 30%. Obviously with this kind of a broad market
performance, some sectors were bound to see truly huge moves on the
year. In fact, a few market segments added or lost more than 50% in
the time frame, making 2013 a truly memorable year for some.
Top Performances
Both the
Guggenheim Solar ETF (TAN) and the
Global X Social Media ETF (SOCL) soared in 2013,
with TAN doubling last year, and SOCL jumping more than 50%. Both
of these funds saw strong earnings for their components, which
helped to rekindle interest in these high flying sectors (read 3
Top Ranked ETFs that Will Crush the Market in 2014).
Not All Good News
However, while many might have soared, a few segments had
horrendous years and plunged in the time frame. A great example of
this is the
Market Vectors Gold Miners ETF (GDX)
as this fund faced extreme weakness due to sliding gold prices,
pushing the ETF to lose more than half of its value on the year
(instead see Inside 2013’s Best Gold ETF).
Outlook
These three aforementioned names saw some extreme volatility in
2013, but will they have the same luck this year? For more reasons
behind these shocking performances and their outlooks for 2014,
make sure to watch our short video on the subject below:
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MKT VEC-GOLD MI (GDX): ETF Research Reports
GLBL-X SOCL MDA (SOCL): ETF Research Reports
GUGG-SOLAR (TAN): ETF Research Reports
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