EM has staged something of a turnaround in the last couple of days with South Africa and Turkey two prominent members of the best performing ETFs list below. Italy has also done well as a deal to secure the near future of Greece’s bailout was hammered out yesterday. Homebuilders continue to rally after a strong New Home Sales print yesterday and a solid MBA mortgage applications release this morning. Precious metals are the worst performers over the last week with numerous gold funds at the top of the list. The bouncing USD has hurt that trade with a number of currency ETFs also declining on the move.
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