---
title: "Gold Miners Outperform as Bearish ETFs Attract Record Capital"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301692848.md"
description: "Gold prices rose 15% amid geopolitical tensions in early 2026, lifting HMY.US production by 8%. FAZ.US assets doubled to USD 2B as financial volatility spiked. Healthcare tech and networking hardware stocks showed resilience with BFLY.US and UI.US posting 22% and 30% growth respectively."
datetime: "2026-10-13T10:14:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301692848.md)
  - [en](https://longbridge.com/en/news/301692848.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301692848.md)
generator: "portal-rs"
---

# Gold Miners Outperform as Bearish ETFs Attract Record Capital

Geopolitical instability in the Middle East triggered a flight to safety that boosted gold prices by approximately 15% since January. Harmony Gold Mining Company Limited（HMY.US）responded with an 8% year-on-year production increase in Q1 2026, outperforming sector peers. Healthcare technology firm Butterfly Network（BFLY.US）reported 22% revenue growth as its AI-integrated ultrasound devices gained hospital adoption, while Ubiquiti（UI.US）saw enterprise networking equipment orders surge 30% following its April product launch.

Financial sector dynamics showed stark contrasts. Australia & New Zealand Banking Group（AMKBY.US）faced narrowing net interest margins after Reserve Bank of Australia's May rate cut, contributing to a 12% year-to-date decline. Conversely, FAZ.US（Direxion Daily Financial Bear 3X Shares）attracted record inflows as its assets under management doubled to over USD 2 billion in Q2. JAAA.US（JPMorgan Ultra-Short Income ETF）also gained 25% in net assets, reflecting investor appetite for short-duration credit products.

Energy service providers benefited from renewed shale investments. Oil Tools International（OILT.US）recorded an 18% sequential order increase in Q2, while My Size（MYSZ.US）secured major retail contracts that drove 10% revenue growth. However, Innovative Industrial Properties（INR.US）struggled with a 5% drop in lease income due to stalled cannabis legislation.

Micro-cap stocks like HTOO.US and MYSZ.US operated under limited analyst coverage, though HTOO.US recently secured USD 50 million in funding to extend its runway. These developments highlight how small-cap companies are navigating sector-specific headwinds through strategic pivots and capital raising.

### Related Stocks

- [HMY.US](https://longbridge.com/en/quote/HMY.US.md)
- [BFLY.US](https://longbridge.com/en/quote/BFLY.US.md)
- [UI.US](https://longbridge.com/en/quote/UI.US.md)
- [AMKBY.US](https://longbridge.com/en/quote/AMKBY.US.md)
- [FAZ.US](https://longbridge.com/en/quote/FAZ.US.md)
- [JAAA.US](https://longbridge.com/en/quote/JAAA.US.md)
- [OILT.US](https://longbridge.com/en/quote/OILT.US.md)
- [MYSZ.US](https://longbridge.com/en/quote/MYSZ.US.md)
- [INR.US](https://longbridge.com/en/quote/INR.US.md)
- [HTOO.US](https://longbridge.com/en/quote/HTOO.US.md)

## Related News & Research

- [Harmony Gold Publishes 2026 Governance Report](https://longbridge.com/en/news/302905512.md)
- [Harmony Gold proposes raising CEO on-target incentive to 210% of guaranteed pay in FY27](https://longbridge.com/en/news/302905172.md)
- [Harmony Gold publishes 2026 annual report](https://longbridge.com/en/news/302904775.md)
- [Harmony Gold Publishes Sustainability Report](https://longbridge.com/en/news/302904917.md)
- [G Sachs Downgrades Maersk to Sell on Expected Freight Rate Pressure from Overcapacity](https://longbridge.com/en/news/302668735.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**