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ETFs With Significant Goldman Sachs Exposure

Michael Johnston — Fri, 16 Apr 2010 20:12:33 +0000

After generally impressive earnings reports sent markets higher for much of the last week, Friday’s shocking allegations against Goldman Sachs ensured that the week ended on a down note. The SEC filed fraud charges against the Wall Street giant on Friday, alleging that the firm failed to make important disclosures surrounding a subprime mortgage product some believe was destined to fail. The SEC claims that Goldman constructed and marketed ABACUS, a synthetic collateralized debt obligation linked to the performance of subprime MBS. Goldman didn’t make certain “vital information” known to investors. Specifically, the hedge fund run by John Paulson was involved in selecting which securities would be part of the portfolio, while standing to reap a huge profit if the mortgage-backed securities failed. Financial ETFs Sink The news sent Goldman stock plummeting, as GS finished Friday off more than 12% on volume nearly ten times the daily average. But once [...]

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Five ETFs In Focus Ahead Of The State Of The Union Address

Eric Dutram — Wed, 27 Jan 2010 21:57:46 +0000

Barack Obama’s first year in office has, by most accounts, been a mixed bag. The massive $787 billion stimulus plan helped to avoid an even deeper recession, but failed to impact joblessness in any meaningful way. Instead of seeing a downturn in the unemployment rate as promised, Americans have seen the rate grow to double digits. Comprehensive healthcare reform was seemingly within days of becoming a reality, but now seems like a long shot. Outrage at Wall Street has ebbed and flowed, reaching a fever pitch in recent weeks following massive bonus payments in the financial sector. One rating that has gone down in Obama’s first year is the President’s approval rating, which is beginning to have far reaching effects on local and national elections. This has been most recently demonstrated in Scott Brown’s upset Senate win in Massachusetts, which revitalized Republican hopes of regaining control of Congress in the [...]

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Will Dodd’s Exit Help Or Hurt Financial ETFs?

Eric Dutram — Thu, 07 Jan 2010 08:00:00 +0000

After sweeping into power last year, democrats have fallen on hard times. Approval ratings are slipping across the board and several incumbents are vulnerable heading into mid-term elections. The latest blow came from Senator Chris Dodd, the Chairman of the powerful Senate Banking Committee, who announced that he will not be seeking reelection later this year and will retire in December. Dodd has been a very controversial figure over the past few years thanks in large part to his ties to the financial service industry. Dodd has raised millions from financial professionals and has found himself mired in controversy over two loans he received from Countrywide. He also came under fire for his handling of bonuses from AIG, where Dodd supported a measure that allowed the embattled insurance company to make payouts to its executives. At the start of the year, Dodd found himself far behind in the polls in [...]

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Will Financial ETFs Ride M&A Wave Higher?

Eric Dutram — Mon, 16 Nov 2009 07:00:21 +0000

Over the past few weeks, there has been a resurgence in acquisition activity, fueling an already strong market rally. This news has spanned all regions of the economy ranging from the transportation sector (Burlington Northern being taken over by Berkshire Hathaway) to pharmaceuticals (Schering Plough being acquired by Merck). Most recently, in the consumer sector, Kraft announced its intention to take over confectionery giant Cadbury while Hewlett Packard announced plans to buy 3com. While the deals almost always push up the stock price of the company being acquired, the M&A activity is a welcome development for the investment banking industry, which is still suffering from the hangover of the financial crisis of 2007 and 2008. Investment banks have received nearly $4 billion in revenue from these transactions in 2009, and should this consolidation trend continue, it could be very good news for the entire financial sector. While most financial ETFs [...]

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ETF Database » IYF

ETFs With Significant Goldman Sachs Exposure

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Five ETFs In Focus Ahead Of The State Of The Union Address

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Will Dodd’s Exit Help Or Hurt Financial ETFs?

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Will Financial ETFs Ride M&A Wave Higher?

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