Despite some headwinds, markets soared last year, producing broad index gains of over 30%. Obviously with this kind of a broad market performance, some sectors were bound to see truly huge moves on the year. In fact, a few market segments added or lost more than 50% in the time frame, making 2013 a truly memorable year for some.
Both the Guggenheim Solar ETF (TAN - Free Report) and the Global X Social Media ETF (SOCL - Free Report) soared in 2013, with TAN doubling last year, and SOCL jumping more than 50%. Both of these funds saw strong earnings for their components, which helped to rekindle interest in these high flying sectors (read 3 Top Ranked ETFs that Will Crush the Market in 2014).
Not All Good News
However, while many might have soared, a few segments had horrendous years and plunged in the time frame. A great example of this is the Market Vectors Gold Miners ETF (GDX - Free Report) as this fund faced extreme weakness due to sliding gold prices, pushing the ETF to lose more than half of its value on the year (instead see Inside 2013’s Best Gold ETF).
These three aforementioned names saw some extreme volatility in 2013, but will they have the same luck this year? For more reasons behind these shocking performances and their outlooks for 2014, make sure to watch our short video on the subject below:
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