Defensive and short equity ETFs rally amid Dubai fears

Trading flows on the issuer's ETFX platform increased last week, bolstered by a near doubling of two-times leveraged short equity ETF trading. Turnover in these ETFS funds reached $44m, accounting for 41% of total turnover on the ETFX platform last week. In terms of returns, the ETFX Cac 40 2x Short fund was the issuer's best performing two-times short equity ETF, gaining 3% over last week. ETFS says the continuing rebound of returns in these funds stems from increasing risk aversion and concerns the rally in equity markets may be ending. The large cap funds have also gained amid t...