With little real market news to talk about, December is often a month for totaling up the scores for the year and reviewing the winners and losers. While others have talked about the best-performing stocks and funds of the year, as well as discussing the goings-on in a host of industries, it's also worth taking notice of whose performance was simply not up to scratch. While the underperformance of most ETFs is simply a reflection of what's going on in the industry or index they mirror rather than the failings of a misguided manager, that's cold comfort for investors who held these funds for a large part of the year.
Resources Take a Pounding
Although few commentators are calling this the end of the commodity supercycle, the reality is that 2011 was a terrible year for many commodity-focused ETFs. Only one major fund did worse than the Global X Uranium ETF (NYSE:URA), which fell almost 60% amongst fears that the nuclear plant disaster that followed Japan's earthquake and tsunami early in 2011 have ended the expansion of nuclear power for the foreseeable future. (For related reading, see Using ETFs To Build A Cost-Effective Portfolio.)
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http://stocks.investopedia.com/stock-analysis/2011/The-Worst-ETFs-Of-2011-URA-TAN-GEX-VNM-GAZ-INXX-HAO1221.aspx
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