ETF Trends
07-31-2008, 06:10 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/07/oil-barrels-1.jpgIt’s been a volatile year so far for many exchange traded funds (ETFs), and July was no exception. The Dow Jones industrial average finished exactly even. The Nasdaq lost 0.7%, while the S&P 500 fell 1.4% for the month.
After skyrocketing prices for much of the year, oil’s downhill slide dominated the news for much of the month. It closed the month at $124.08 a barrel, an 11.4% loss from the beginning of the month.
The price of gas fell southward, too, to a national average of $3.909 a gallon for a loss of 4.3% in July.
Mostly dour news from the financial sector continued to come in as earnings were reported. Many banks reported a loss, but the upshot is the losses weren’t as bad as many analysts had expected in most cases.
Click here (http://www.etftrends.com/wp-content/uploads/2008/07/07-31-08etfreport1.pdf) to view the full ETF performance report and see how the different asset classes, sectors and global regions performed for the month.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/351911355/july-etf-performance-report.html)
http://www.etftrends.com/wp-content/uploads/2008/07/oil-barrels-1.jpgIt’s been a volatile year so far for many exchange traded funds (ETFs), and July was no exception. The Dow Jones industrial average finished exactly even. The Nasdaq lost 0.7%, while the S&P 500 fell 1.4% for the month.
After skyrocketing prices for much of the year, oil’s downhill slide dominated the news for much of the month. It closed the month at $124.08 a barrel, an 11.4% loss from the beginning of the month.
The price of gas fell southward, too, to a national average of $3.909 a gallon for a loss of 4.3% in July.
Mostly dour news from the financial sector continued to come in as earnings were reported. Many banks reported a loss, but the upshot is the losses weren’t as bad as many analysts had expected in most cases.
Click here (http://www.etftrends.com/wp-content/uploads/2008/07/07-31-08etfreport1.pdf) to view the full ETF performance report and see how the different asset classes, sectors and global regions performed for the month.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/351911355/july-etf-performance-report.html)