Wednesday brought perhaps one of the least anticipated meetings of the Federal Reserve in recent memory, but the event still commanded the attention of investors around the world. Bernanke & Co. affirmed (as expected) a low interest rate policy, leaving equity markets mixed in afternoon trading. The ETFdb 60 Index, a benchmark measuring the performance of the universe of investable assets available through exchange-traded products, gained 0.91, or 0.1%, to close at 989.16.
Leading the charge on Wednesday was the iShares MSCI Brazil Index Fund (EWZ), which gained 2.2% on increased appetite for risk and a stronger real. News of an active acquisition market also boosted Brazilian equities, as telecom giant Telefonica raised its bid for GVT Holding SA by a significant margin.
On the downside, the United States Natural Gas Fund (UNG) declined by almost 3% on seemingly redundant news of ample supply and warm weather:
Disclosure: No positions at time of writing.
ETF Database is not an investment advisor, and any content published by ETF Database does not constitute individual investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities. From time to time, issuers of exchange-traded products mentioned herein may place paid advertisements with ETF Database. All content on ETF Database is produced independently of any advertising relationships. Read the full disclaimer here.
Are you enjoying ETF Database?
Get more articles like this one via our free daily e-mail newsletter or RSS feed.
Make your voice heard: comment on news stories, analysis, and ETF message boards.
Comments on this entry are closed.