Inside The ETFdb 60 Index: May 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 posted a minor loss in April as profit taking pressures in the beginning of the month were complemented with a strong performance on Wall Street in the final trading days, leaving the benchmark unchanged for the most part.
The winners in March were bolstered by bargain buying thanks to a largely improving economic backdrop. Investors scooped up underperformers like FXI and UNG in anticipation that bullish fever would soon help these assets regain momentum.
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