ETF Trends
06-25-2008, 05:24 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/06/24/200601hm.jpg Sweden has really come into its own: first the Volvo, then Ikea, and now Hennes & Mauritz (also known as fashion retailer H&M, for you non-fashionistas) - could the country's sense of style translate over to its exchange traded fund (ETF)?
Last week, H&M (HMB.ST (http://finance.yahoo.com/q?s=HMB.ST)) reported a 14% rise in second-quarter profits, thanks to lower buying costs and a pick-up in sales for May, reports The Associated Press (http://www.iht.com/articles/ap/2008/06/18/business/EU-FIN-EARNS-Sweden-H-M.php).
The continued weak U.S. dollar has led to lower buying costs, slightly offset by higher transportation costs and higher discounting.
iShares MSCI Sweden Index (EWD (http://finance.yahoo.com/q/hl?s=EWD)) has 9% of its assets in H&M. Year-to-date, the fund is down 7.1%.
http://www.etftrends.com/images/2008/06/24/z_8.png (http://etftrends.typepad.com/photos/uncategorized/2008/06/24/z_8.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/319531619/profit-up-at-hm.html)
http://www.etftrends.com/images/2008/06/24/200601hm.jpg Sweden has really come into its own: first the Volvo, then Ikea, and now Hennes & Mauritz (also known as fashion retailer H&M, for you non-fashionistas) - could the country's sense of style translate over to its exchange traded fund (ETF)?
Last week, H&M (HMB.ST (http://finance.yahoo.com/q?s=HMB.ST)) reported a 14% rise in second-quarter profits, thanks to lower buying costs and a pick-up in sales for May, reports The Associated Press (http://www.iht.com/articles/ap/2008/06/18/business/EU-FIN-EARNS-Sweden-H-M.php).
The continued weak U.S. dollar has led to lower buying costs, slightly offset by higher transportation costs and higher discounting.
iShares MSCI Sweden Index (EWD (http://finance.yahoo.com/q/hl?s=EWD)) has 9% of its assets in H&M. Year-to-date, the fund is down 7.1%.
http://www.etftrends.com/images/2008/06/24/z_8.png (http://etftrends.typepad.com/photos/uncategorized/2008/06/24/z_8.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/319531619/profit-up-at-hm.html)