We now know who will be the next president of the United States, and the news was more than a shock to many markets and to many investors around the world. It was also a shock to many other people in America.
24/7 Wall St. has identified several exchange traded funds (ETFs) that were trading lower after the Trump victory. Some of these losses were not immediate, and some have already seen their prices recover from their lows.
iShares China Large-Cap (NYSE: FXI) is the key China ETF and Trump had called China a currency manipulator and said that China constantly got the better side of trade deals with America. The ETF was last seen down 2.1% at $36.85, versus a 52-week range of $28.10 to $39.17.
iSharesMSCI Emerging Markets (NYSEMKT: EEM) was seen down 2.9% at $36.38 after almost two hours of trading Wednesday, versus a 52-week range of $27.61 to $38.32. Trading volume of 95 million shares was already well above the typical 70 million or so shares per day.
iSharesMSCI Mexico Capped (NYSEMKT: EWW) was last seen down 8.7% at $48.22, in a 52-week range of $43.17 to $55.80. Mexico is expected to be the biggest loser if and when NAFTA is dissolved and in whatever trade deal replaces it.
PowerSharesWilderHill Clean Energy ETF (NYSEMKT: PBW) was down 3.1% at $3.54 on Wednesday morning. The threat here is that Trump will pan all alternative energy and go entirely for fossil fuel or most cost-effective energy. Time will tell, and this did hit a low of $3.42 on Wednesday morning. This ETF has a 52-week range of $3.42 to $4.91.
AdvisorShares Ranger Equity Bear ETF (NYSEMKT: HDGE) saw its shares down 1.2% at $9.945 on Wednesday, with a 52-week range of $9.37 to $13.19. This ETF is not exactly down because of a Trump angle, but because the market recovered handily and some of the higher-beta names are rallying when many called for them to tank. To prove the point, the AdvisorShares Ranger Equity Bear ETF had a high of $10.20 earlier today, and the 1.7 million shares traded was about five times normal volume.