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Imran Mohammed

This Week in ETFs: May 14th Edition

by on May 14, 2010 | Updated April 22, 2013

An eventful week came to a close on a down note Friday. After a nearly $1 trillion rescue package formed in conjunction with the ECB, the IMF, and several European countries sent markets rallying, investors took a second look at the systemic risks of the region and pulled back sharply on Friday. The Dow shed much of its 400 point gain following the announcement on Monday, closing at 10,620.16 for the week. The euro fell below $1.24 (an 18-month low), and risk contagion over Europe’s financial troubles largely offset promising U.S. economic data. Financials in both the US and Europe were hit hard, as the market looks to find a bottom.

Below, we highlight some of the best ETF stories from around the Web: [click to continue…]

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A wild week on Wall Street came to a close with a sharp pullback on Friday, as investors blew off news that the U.S. economy expanded by 3.2% in the first quarter of the year. The probe into potentially illegal activities at Goldman Sachs kept the financial sector in focus throughout the week, while the fallout from an explosion at an offshore oil rig threatened to derail the energy industry. It was also an interesting week in the ETF industry, with several new product launches and a handful of interesting filings from issuers.

Below, we highlight three of the most interesting articles from around the Web that touch on various elements of ETF investing: [click to continue…]

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