ETF Trends
07-29-2008, 03:30 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/07/price_reduced-300x225.jpgHome prices are down and exchange traded funds (ETFs) are up.
The Case-Shiller index of 20 cities in the United States fell 15.8% in May compared with a year ago, a record decline since its 2000 inception, reports J.W. Elphinstone for the Associated Press (http://biz.yahoo.com/ap/080729/home_prices.html). Not one city in the index saw a price increase.
Since the index peaked in July 2006, home values have dropped off by 18.4%. While some areas posted record declines, some areas showed that the housing value drops were slowing. Las Vegas lost the most, 28.4% from year earlier.
Meanwhile, consumers seem to be getting that spring back in their step, after consumer confidence halted a six-month decline in July. We’re still nursing some wounds, though, and the news about housing prices might hurt a little, reports Burton Frierson for Reuters (http://biz.yahoo.com/rb/080729/usa_economy_confidence.html).
Part of the reason for the mood shift could be that oil has fallen off some in recent weeks. That’s bound to put a smile on many faces. Oil is continuing to fall today, down $3 a barrel in early trading. They’re now at their lowest level in seven weeks, reports Stevenson Jacobs for the Associated Press (http://biz.yahoo.com/ap/080729/oil_prices.html).
Among the ETFs trading higher today include:
First Trust S&P REIT (FRI (http://finance.yahoo.com/q?s=fri)), down 5.2% year-to-date
iShares Dow Jones U.S. Real Estate Index Fund (IYR (http://finance.yahoo.com/q?s=iyr)), down 6.1% year-to-date
Retail HOLDRs (RTH (http://finance.yahoo.com/q?s=rth)), down 7.9% year-to-date
Consumer Staples Select Sector SPDR (XLP (http://finance.yahoo.com/q?s=XLP)), down 5.8% year-to-date http://www.etftrends.com/wp-content/uploads/2008/07/z122.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/349660816/consumers-real-estate-etfs-looking-up.html)
http://www.etftrends.com/wp-content/uploads/2008/07/price_reduced-300x225.jpgHome prices are down and exchange traded funds (ETFs) are up.
The Case-Shiller index of 20 cities in the United States fell 15.8% in May compared with a year ago, a record decline since its 2000 inception, reports J.W. Elphinstone for the Associated Press (http://biz.yahoo.com/ap/080729/home_prices.html). Not one city in the index saw a price increase.
Since the index peaked in July 2006, home values have dropped off by 18.4%. While some areas posted record declines, some areas showed that the housing value drops were slowing. Las Vegas lost the most, 28.4% from year earlier.
Meanwhile, consumers seem to be getting that spring back in their step, after consumer confidence halted a six-month decline in July. We’re still nursing some wounds, though, and the news about housing prices might hurt a little, reports Burton Frierson for Reuters (http://biz.yahoo.com/rb/080729/usa_economy_confidence.html).
Part of the reason for the mood shift could be that oil has fallen off some in recent weeks. That’s bound to put a smile on many faces. Oil is continuing to fall today, down $3 a barrel in early trading. They’re now at their lowest level in seven weeks, reports Stevenson Jacobs for the Associated Press (http://biz.yahoo.com/ap/080729/oil_prices.html).
Among the ETFs trading higher today include:
First Trust S&P REIT (FRI (http://finance.yahoo.com/q?s=fri)), down 5.2% year-to-date
iShares Dow Jones U.S. Real Estate Index Fund (IYR (http://finance.yahoo.com/q?s=iyr)), down 6.1% year-to-date
Retail HOLDRs (RTH (http://finance.yahoo.com/q?s=rth)), down 7.9% year-to-date
Consumer Staples Select Sector SPDR (XLP (http://finance.yahoo.com/q?s=XLP)), down 5.8% year-to-date http://www.etftrends.com/wp-content/uploads/2008/07/z122.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/349660816/consumers-real-estate-etfs-looking-up.html)