Beyond Biotech, 5 ETFs Up At Least 10% In Q4
Zacks Investment Research | Dec 11, 2019 08:00PM ET
Biotech stocks and ETFs have been going through the roof in the fourth quarter. Mergers and acquisitions, especially in the hot cancer treatment space, positive drug data, FDA approvals, upbeat financials and decent valuations are making the space a clear winner. As a result, Virtus LifeSci Biotech Clinical Trials ETF (ASX:BBC) is up as much as 51% this quarter, thus being the the best ETF of the quarter so far (read: GNOM gaining 28.7% and so on. But the ongoing quarter is not just about biotech. There are other ETFs that are seeing solid momentum. Below we highlight a few:
iPath Series B Bloomberg Coffee Subindex Total Return ETN JO – Up 29.3%
Coffee futures in the March contract is hovering around a two-year high thanks to Top & Flop ETFs of November) .
Global X MSCI Pakistan ETF (ASX:PAK) – Up 26.9%
The Pakistan Stock Exchange has been riding high of late. “Extended Fund Facility worth $6 billion .
Global X MSCI China Real Estate ETF (SI:CHIR) – Up 16.7%
China has been witnessing a red hot real-estate market with property prices surging in big cities. In any case, Chinese shares have been benefiting in recent trading on trade deal hopes by mid-December. Affordable home loans are another positive.
ETFMG Prime Junior Silver ETF SILJ – Up 15.3%
With the Fed remaining dovish, the U.S. dollar remained subdued. Invesco DB US Dollar Index Bullish Fund UUP has lost 0.5% in the past three months (as of Dec 11, 2019). This boosted metal prices as these are mostly priced in the greenback. Also, silver acts as a safe-haven asset and gets a boost from geopolitical tensions. SILJ provides direct global exposure to small-cap securities in the silver mining exploration and production industry by tracking the Prime Junior Silver Miners & Explorers Index.
Claymore/Delta Global Shipping (TSX:SEA) – Up 14.3%
Very large crude carriers’ (VLCC) rates spiked to all-time highs in October. The reasons were the Trump administration’s imposition of sanctions were levied for carrying crude to China from Iran.
Plus, Platts Analytics expects about 60 VLCCs to move to dry docks in the fourth quarter ahead of the implementation of IMO 2020 regulations. Each scrubber installation requires around Top and Flop ETFs of October ).
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