ETF Times: August 30 - September 3

IT was a good week for equity markets, so no surprise that the worst performing ETF was a market-volatility-linked product

Morningstar ETF Analysts 7 September, 2010 | 4:49PM
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New Listings
A new provider launched its first ETF in Austria. The Vienna-based firm C-Quadrat's first foray into the ETF market took the form of an ETF tracking a proprietary index based on the EURO STOXX 50. The firm has contracted with Commerzbank to provide trading prices and calculate net asset values for its initial listing on the Vienna exchange. C-Quadrat plans to eventually list the ETF in Germany as well.

Best and Worst Performers for the week of August 30 - September 3
It was a very good week for the equity markets. Some positive--or at least less negative--economic data boosted investor confidence and led to sharp rallies in some of the year’s most beaten down categories, including Greek equities and shares of financial firms. Commodities and commodity-related shares also benefitted from expectations of higher global growth.

The list of worst-performing ETFs was led by a market-volatility-linked ETF, the performance of which is generally negatively correlated with the overall equity market. Long-dated German government bonds slipped with yields bouncing back after recently hitting record lows. Finally, several currencies appreciated relative to the US dollar and pound sterling.

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Morningstar ETF Analysts  research hundreds of ETFs available to European investors. The Morningstar Rating for ETFs is based on a risk-adjusted performance measure.