China ETFs Surge While Clean Energy Funds Falter
Strong performances and weak spots highlight an uneven Tuesday for ETFs.
In trading on Tuesday, the iShares MSCI China ETF is leading the pack, gaining approximately 2.4% for the day. This upbeat performance is largely due to significant gains from its components, including Legend Biotech, which is up about 8.6%, and Iqiyi, which has climbed around 5.7%.
On the other hand, the iShares Global Clean Energy ETF is lagging, down about 1.1% in afternoon trading. Among its components, Array Technologies has decreased by about 2.5%, while Enphase Energy has fallen by roughly 2.1%.
VIDEO: Tuesday’s ETF Movers: MCHI, ICLN
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