Inside The ETFdb 60 Index: March 2012
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, 5 commodity ETFs, 2 real estate ETFs, and 6 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 continues to march higher, posting a 2.3% gain in February. Looming Euro zone worries have taken a backseat as investors are digesting positive data, which has helped to improve confidence in the economic recovery and grow investors’ risk appetite.
The winners in February were bolstered by positive economic data on the home front, with hopes of a housing market recovery pushing XHB higher. Gains in XLK and QQQ were largely attributed to Apple’s monster performance on the month; the tech giant gained close to 20% in February and is the top hold in both of these ETFs:
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