As Israel-Palestine Conflict Escalates, Gold Ticks Up - ETF Winners And Losers: Medium-Cap Returns
Portfolio Pulse from Johnny Rice
Medium-cap ETFs with AUM between $2 billion and $10 billion were screened for weekly returns. Winners include VanEck Gold Miners ETF (GDXJ) and KraneShares CSI China Internet ETF (KWEB), up 8.24% and 8.03% respectively. Losers include iShares U.S. Medical Devices ETF (IHI) and Vanguard Consumer Staples ETF (VDC), down 2.83% and 1.87% respectively.
October 12, 2023 | 8:57 pm
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POSITIVE IMPACT
VanEck Gold Miners ETF (GDXJ) was up 8.24% on the week.
The ETF's performance is likely due to the escalating Israel-Palestine conflict, which typically increases the value of gold.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
KraneShares CSI China Internet ETF (KWEB) was up 8.03% on the week.
The ETF's performance is likely due to the strong performance of Chinese software and IT stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
iShares U.S. Medical Devices ETF (IHI) was down 2.83% on the week.
The ETF's performance is likely due to the overall performance of the medical devices sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Vanguard Consumer Staples ETF (VDC) was down 1.87% on the week.
The ETF's performance is likely due to the overall performance of the consumer staples sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100