Five ETFs Hitting 2012 Highs

President Van Rompuy addresses to the press conference of the Eurozone Summit, Brussels, 23 October 2011 (Photo credit: President of the European Council)

Various exchange traded fund categories have flirted with 52-week highs as the latest news out of the Eurozone looks positive on re-capitalizing certain EU banks. The ETFs that have managed upward movement are all from defensive or income yielding segments, on trend with what investors have been searching for.

“Naturally, the markets crave virtually any upside surprise from Eurozone summits. Of course, a band-aid may stop skin from bleeding, but it cannot cure an infection. Expect more flare-ups out of the region in the months ahead,” Gary Gordon for ETF Expert said.

The five market segments near 52-weak highs include: 

Non Cycylical Stock ETFs such as the Vanguard Utilities (NYSEArca: VPU), and  the SPDR Select Consumer Staples (NYSEArca: XLP) have hit new one year peaks. These sectors are not reliant on GDP reports. Consumer stocks are steady performers and many of the companies in this sector provide low-cost necessities that report reliable sales every year. [Why Consumer Staples ETFs are Holding Their Own]

High yield corporate debt has been a sector that investors are bullish on. iShares High Yield Corporate (NYSEArca: HYG) as well as SPDR Barclay High Yield Bond (NYSEARca: JNK) have all registered new 52-week highs, reports Gordon. Furthermore, high-yield bonds are expected to exhibit solid returns through the end of the year.... Continue to read.

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