[Chart courtesy of MarketWatch.com] US stock index ETFs closed higher on Tuesday, with the Dow industrials and S&P 500 finishing at record closing highs as US factory orders topped estimates and health insurers rallied after winning an increase in a key Medicare payment rate. Factory orders rose by three percent in February, boosted by demands for commercial aircraft and automobiles. …
Travelling…
I will be spending most of the day on an air plane and in taxis getting back to my office. I most likely won’t have a chance to write today’s market commentary but will resume posting on Tuesday. Ulli…
Index ETFs Rise On Earnings; Europe Slips On Italian Austerity Worries
[Chart courtesy of MarketWatch.com] US indexes finished slightly higher Wednesday, recouping early losses as better-than-forecast earnings eclipsed concerns over Europe’s debt crisis ahead of tomorrow’s European Central Bank meeting in Frankfurt. Equities had slumped earlier amid concerns Europe’s debt crisis may get worse. An opinion poll in Italy showed former Premier Silvio Berlusconi’s anti-austerity campaign has boosted his popularity before …
New ETFs On The Block: ProShares Merger ETF (MRGR)
ProShares, the Bethesda, Maryland-based premier provider of alternative ETFs and the world’s largest provider of geared (leveraged and inverse) exchange traded funds, has announced the launch of a merger-arbitrage ETF this week. The ProShares Merger ETF (MRGR), the firm’s 13th launch this year, is listed on the BATS exchange and would compete with IndexIQ’s ARB Merger Arbitrage ETF (MNA). MRGR …
ETF/No Load Fund Tracker Newsletter For Friday, November 23, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/11/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-11212012/ ———————————————————— Market Commentary Friday, November 23, 2012 US STOCKS REBOUND ON STRONG DATA; TREASURIES FALL AS GREECE DEBT-SWAP ADVANCES US stocks surged more than 1 percent Friday to log their biggest weekly rally since June after President Obama expressed confidence on a budget deal …
New ETFs On The Block: MSCI Frontier 100 Index Fund (FM)
iShares, the San Francisco-based ETF issuing arm of BlackRock Inc, has unveiled its first exchange traded fund benchmarked to the MSCI Frontier Markets 100 Index in an effort to expand its lead in the foreign fund space. iShares, with its lineup of more than 200 funds, has now targeted economies that are one rung below emerging markets. The iShares MSCI …