Inside The ETFdb 60 Index: June 2013
The ETFdb 60 Index is an equal-weighted benchmark comprised of the largest ETF in each ETFdb Category, excluding inverse and leveraged ETFs. The Index gives an indication of the overall direction of the investable asset classes represented by this group of ETFs.
At present, the ETFdb 60 Index includes 32 equity ETFs, 14 fixed income ETFs, five commodity ETFs, two real estate ETFs and six miscellaneous ETFs (including currencies and multi-asset funds). For more information about the ETFdb 60 Index, or to see a complete list of holdings, click here.
Monthly Winners and Losers
The ETFdb 60 Index took a breather in May as profit-taking pressures finally resurfaced following a multi-month stretch of virtually uninterrupted gains on Wall Street. The bears jumped on the scene after the latest FOMC minutes revealed that policymakers could start to scale back stimulus as early as June if economic indicators show signs of a more robust recovery. Nonetheless, bargain buyers were quick to take advantage of the pullback and stocks finished the month off with a solid rebound and appear to be back on track.
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