A rising tide lifts all boats, and that was the case in some sectors. Despite the weak overall equity market conditions, a few funds in the technology and financial sector recovered and headed back above the cutline. Here are the movers in the financial sector: ICFSX Financial (ICFSX) from -17 to +1 T. Rowe Price (PRISX) from -5 to +13 …
New Russell 2000 High Beta ETF (SHBT) Started Trading
The ETF Daily News reports that “Russell To Begin Trading The Russell 2000 High Beta ETF (SHBT) Friday, May 27:” Russell will begin trading its new “Russell 2000 High Beta ETF” (NYSE:SHBT) Friday May 27, 2011. The Fund seeks investment results that closely correspond to the total return of the Russell-Axioma U.S. Small Cap High Beta Index. Total Annual Fund …
ETFs On The Cutline – Updated through 5/27/2011
With the market’s early sell off, followed by a partial come back and a close to the downside, some of the equity ETFs around the cutline meandered as well with no convincing moves either way. While weakness prevailed, the Latin American ETFs bucked the trend, came out of hibernation and did an about face, at least for this moment in …
Last Week In Review: ETF News And Blog Posts
In case you missed it, here’s a summary of the topics that I posted to my blog during week ending on 5/27/2011. The markets slowly climbed back after Monday’s sell-off but still ended up closing slightly to the downside. My published Cutline tables and Model ETF Portfolios can give you an assist by indentifying weakness and strength in various market …
Mutual Funds Rush To Join The ETF Movement Via Active Offerings
The WSJ reports in “Mutual Funds Race to Join ETF Fray” (subscription required) that mutual fund companies are accelerating their efforts to join the spreading ETF movement: After watching the exchange traded fund industry streak past $1 trillion of assets recently, a host of mutual-fund companies are stepping up their efforts to get into the game—with a more active but …
ETF Leaders And Laggards – For The Week Ending 5/27/2011
Here are this past week’s top 5 winners and losers from my High Volume ETF Master List: Metals and Natural Resources took top billing last week, and the more conservative, but high ranking ETFs XLV and XLP, gave back some of their gains. Turkey still remains one of the more volatile plays in the country ETF arena.