ETF Trends
04-10-2008, 04:50 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/10/jolt.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/jolt.jpg) The semiconductor sector and exchange traded funds (ETFs) got a boost early today after a brokerage upgrade.
Banc of America Securities said a modest inventory buildup in the sector has eased, leading to an upgrade. On that news, semiconductor ETFs were up by as much as 3.3% midday. Intel Corp (INTC (http://finance.yahoo.com/q?s=intc)) shares leaped nearly 4%, injecting a bit of life into all three major U.S. stock indexes.
The sector hasn't had an easy time of it this year. Beginning late last year (http://www.etftrends.com/2007/12/tech-etfs.html), there was an overcapacity that slowed down chip makers and squeezed their margins. Weakened demand has hurt the sector, but it would seem that the overcapacity has been absorbed.
Semiconductor-focused ETFs include:
iShares S&P GSTI Semiconductor Index (IGW (http://finance.yahoo.com/q?s=igw)), down 12.8% year-to-date
PowerShares Dyname Semiconductors Portfolio (PSI (http://finance.yahoo.com/q?s=psi)), down 8.6% year-to-date
SPDR S&P Semiconductor (XSD (http://finance.yahoo.com/q?s=xsd)), down 11.4% year-to-date
Merrill Lynch Semiconductor HOLDRs (SMH (http://finance.yahoo.com/q?s=smh)), down 8.2% year-to-date
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/267894419/semiconductors.html)
http://www.etftrends.com/images/2008/04/10/jolt.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/jolt.jpg) The semiconductor sector and exchange traded funds (ETFs) got a boost early today after a brokerage upgrade.
Banc of America Securities said a modest inventory buildup in the sector has eased, leading to an upgrade. On that news, semiconductor ETFs were up by as much as 3.3% midday. Intel Corp (INTC (http://finance.yahoo.com/q?s=intc)) shares leaped nearly 4%, injecting a bit of life into all three major U.S. stock indexes.
The sector hasn't had an easy time of it this year. Beginning late last year (http://www.etftrends.com/2007/12/tech-etfs.html), there was an overcapacity that slowed down chip makers and squeezed their margins. Weakened demand has hurt the sector, but it would seem that the overcapacity has been absorbed.
Semiconductor-focused ETFs include:
iShares S&P GSTI Semiconductor Index (IGW (http://finance.yahoo.com/q?s=igw)), down 12.8% year-to-date
PowerShares Dyname Semiconductors Portfolio (PSI (http://finance.yahoo.com/q?s=psi)), down 8.6% year-to-date
SPDR S&P Semiconductor (XSD (http://finance.yahoo.com/q?s=xsd)), down 11.4% year-to-date
Merrill Lynch Semiconductor HOLDRs (SMH (http://finance.yahoo.com/q?s=smh)), down 8.2% year-to-date
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/267894419/semiconductors.html)