Posts tagged as:

RTM

ETFs may have originally been designed for investors interested in implementing long-term, buy-and-hold strategies, but the numerous advantages of the exchange traded structure, such as intraday liquidity and enhanced transparency, have attracted all types–including a much more active crowd. It’s no secret that ETFs have become popular among traders that measure holding periods not in years, but in hours and minutes. Many of the new products that have debuted in recent years have been explicitly designed for these sophisticated traders operating within a short time frame. [click to continue…]

{ Comments on this entry are closed }

Alcoa Boosts Materials ETFs

by Eric Dutram on October 8, 2009

Yesterday, Dow component Alcoa posted better than expected earnings of 4 cents per share. The company’s surprise return to profitability was largely attributable to cost cutting measures, not new sales. While the way that Alcoa brought itself back to profitability may not be sustainable in the future, Alcoa did forecast an 11 percent increase in worldwide aluminum demand, largely on the back of growth in China. This rosy outlook has buoyed materials ETFs such as iShares Dow Jones Basic Materials Index Fund (IYM), Vanguard Materials ETF (VAW), and Rydex Equal Weight Materials ETF (RTM), all of which are up more than 1% in early trading today. The Alcoa news is also having a ripple effect on the rest of the sector – all of the ETFs in our Industrials ETFdb Category are positive today. [click to continue…]

{ Comments on this entry are closed }