In November, investors witnessed the Dow Jones Industrial Average pierce the 16,000 mark, closing above that level for the first time; the Nasdaq also breached the 4,000 level for the first time in 13 years. In economic news, the Federal Reserve dominated the headlines after the Senate Banking Committee voted to approve Janet Yellen’s nomination, sending her name to the full Senate for a final confirmation vote. And in its latest FOMC minutes, the Fed stated that policymakers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months” [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
On the ETF front, investors saw plenty of action in November, with several new funds hitting the streets. ETF newcomers Vident Financial and Franklin Templeton made their debuts with the International Equity Fund (VIDI, B-) and the Short Duration U.S. Government ETF (FTSD), respectively. San Diego-based Reality Shares Advisors also made its ETF debut with three dividend-focused funds. Meanwhile, Global X also introduced the first ever Portugal ETF (PGAL).
Below, we highlight this month’s best and worst performers (data as of November 26, 2013):