Monday's ETF Movers: FGEM, EMFN
ETF Channel Staff - Monday, December 10, 12:52 PMIn trading on Monday, the Financials GEMS ETF (FGEM) is outperforming other ETFs, up about 4.1% on the day. Components of that ETF showing particular strength include shares of Banco Bradesco (BBD), up about 0.7% and shares of Icici Bank Limited (IBN), up about 0.6% on the day.
And underperforming other ETFs today is the iShares MSCI Emerging Markets Financials Sector Index Fund ETF (EMFN), off about 1.1% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Shinhan Financial Group (SHG), lower by about 0.9%, and shares of Itau Unibanco Banco Multiplo (ITUB), lower by about 0.5% on the day.