ETF Trends
05-12-2008, 05:42 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/05/09/snuffer.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/05/09/snuffer.jpg) That glimmer of hope the financial sector had experienced seems to have stopped for now, as financial stocks and exchange traded funds (ETFs) began their downward slide on Thursday, and it continued on into Friday.
The sector as a whole last week was down about 5%, and the funds have weathered recent news that the credit sector's troubles aren't exactly over.
Insurer American International Group (AIG (http://finance.yahoo.com/q?s=AIG&x=33&y=11)) announced its second consecutive quarterly loss (http://www.etftrends.com/2008/05/stocks-down-on.html) on Friday, and Citigroup (C (http://finance.yahoo.com/q?s=c&x=33&y=11)) said it has plans to shed $500 billion in assets, including making more job cuts.
Alan Greenspan, former Federal Reserve chairman, says the worst of the credit crunch has passed, but U.S. home prices are not ready to turnaround yet, and U.S. growth will continue its crawl.
Among the financial-sector ETFs available:
Financial Select Sector SPDR (XLF (http://finance.yahoo.com/q?s=xlf)), down 8.4% year-to-date
iShares Dow Jones U.S.Financial Sector Index Fund (IYF (http://finance.yahoo.com/q?s=iyf)), down 7.8% year-to-date
Vanguard Financials (VFH (http://finance.yahoo.com/q?s=vfh)), down 8.1% year-to-date
PowerShares Dynamic Banking Portfolio (PJB (http://finance.yahoo.com/q?s=pjb)), up 2.4% year-to-datehttp://www.etftrends.com/images/2008/05/09/z_8.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/09/z_8.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/288536432/financials-dont.html)
http://www.etftrends.com/images/2008/05/09/snuffer.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/05/09/snuffer.jpg) That glimmer of hope the financial sector had experienced seems to have stopped for now, as financial stocks and exchange traded funds (ETFs) began their downward slide on Thursday, and it continued on into Friday.
The sector as a whole last week was down about 5%, and the funds have weathered recent news that the credit sector's troubles aren't exactly over.
Insurer American International Group (AIG (http://finance.yahoo.com/q?s=AIG&x=33&y=11)) announced its second consecutive quarterly loss (http://www.etftrends.com/2008/05/stocks-down-on.html) on Friday, and Citigroup (C (http://finance.yahoo.com/q?s=c&x=33&y=11)) said it has plans to shed $500 billion in assets, including making more job cuts.
Alan Greenspan, former Federal Reserve chairman, says the worst of the credit crunch has passed, but U.S. home prices are not ready to turnaround yet, and U.S. growth will continue its crawl.
Among the financial-sector ETFs available:
Financial Select Sector SPDR (XLF (http://finance.yahoo.com/q?s=xlf)), down 8.4% year-to-date
iShares Dow Jones U.S.Financial Sector Index Fund (IYF (http://finance.yahoo.com/q?s=iyf)), down 7.8% year-to-date
Vanguard Financials (VFH (http://finance.yahoo.com/q?s=vfh)), down 8.1% year-to-date
PowerShares Dynamic Banking Portfolio (PJB (http://finance.yahoo.com/q?s=pjb)), up 2.4% year-to-datehttp://www.etftrends.com/images/2008/05/09/z_8.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/09/z_8.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/288536432/financials-dont.html)