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The fourth quarter usually stays favorable for traders as a great deal of merry-making occasions are lined up. “Over the previous three many years again to 1989, the Dow (4.3%), S&P (3.6%) and Nasdaq (4.7%) all present features within the fourth quarter, based on Kensho, and commerce optimistic 75%-80% of the time,” per CNBC.
This yr too isn’t any completely different with SPY, DIA and QQQ returning about 8.8%, 6.5% and 12.5%, respectively, up to now. U.S.-China commerce deal optimism and international coverage easing have been the most important market tailwinds. Towards this backdrop, beneath we spotlight a couple of best-and worst performing ETFs of the fourth quarter.
Finest ETFs
Virtus LifeSci Biotech Scientific Trials ETF BBC – Up 66.5%
Favorable financials and valuations, a wave of mergers and acquisitions and the discharge of upbeat drug information have been propelling the biotech sector greater. Loads of biotech ETFs have surged within the quarter with BBC topping the record. (learn: Biotech Leading in Q4: Best ETFs & Stocks).
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