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Using ETFs To Capture The Powerful Trends
Last year – at the height of a global financial crisis that tipped stocks into a freefall – investors still added $176 billion to exchange-traded funds, the hot investment class better known as ETFs.
So far this year – as investors yanked $49 billion out of conventional mutual funds – investors poured $35 billion into ETFs, said Simfund MF, a fund-tracking database produced by a recent report by Strategic Insight.
Investors are attracted to ETFs because they combine the best features of individual stocks with those of mutual funds. As portfolios, ETFs offer the diversification of a fund. But they trade on…
7Aug2009 | Money Morning | 0 comments | ContinuedU.S. Markets Dive on Deepening Recession Fears
Weak U.S. retail sales sent domestic markets plunging yesterday (Wednesday), as worries about a deepening recession intensified.
All three major U.S. indices ended the day with heavy losses. At the New York close, the blue-chip Dow Jones Industrial Average Index had posted a steep decline of 733.08 points (-7.87%), to close at 8,577.91. The tech-laden Nasdaq Composite Index dropped 150.68 points (-8.47%), to reach 1,628.33. And the broader Standard & Poor’s 500 Index lost 90.17 points (-9.03%), to settle at 907.84.
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16Oct2008 | Money Morning | Comments Off | ContinuedWeak Labor Market and Slowing Retail Sales Put U.S. Stocks in a Tailspin
The U.S. markets took a beating yesterday (Thursday) as retail sales sputtered and jobless claims surged.
At the New York close, the blue-chip Dow Jones Industrial Average Index had posted a loss of 344.65 points (-2.99%), to trade at 11,188.23. The tech-laden Nasdaq Composite Index dropped 74.69 points (-3.20%), to reach 2,259.04. And the broader Standard & Poor’s 500 Index lost 38.16 points (-2.99%), to settle at 1,236.82.
Disappointing August retail sales reinforced that the surprising 3.3% boost in U.S. gross domestic product (GDP) in the second quarter, due in large part to the government’s stimulus checks, won’t be repeated in the…
5Sep2008 | Money Morning | Comments Off | ContinuedSentiment Buoyed by Lower Oil, But Consumers Still Certain of Recession
Consumer sentiment improved for the second consecutive month, as lower commodities prices picked the index of consumer confidence up from a 28-year low.
The Reuters/University of Michigan Surveys of Consumers announced its index of consumer confidence inched up a half-point to 61.7 in early August from 61.2 in late July. However, the index fell just shy of economists’ median forecast of 62.0, according to a recent poll conducted by Reuters.
“Consumers still remain pretty pessimistic,†Arun Raha, a senior economist at Swiss Re (OTC ADR: SWCEY) in New York, said in an interview with Bloomberg Television. “This little-higher number is probably…
18Aug2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Gazprom Sees $250 Oil; Kenya Goes on $25 billion Spree; Vietnam Jacks Interest Rates to 14%; Oil Demand Slowing; U.S. Trade Gap Widens; Brazilian SWF; 3G iPhone Bobbles Apple Stock; XTO to Buy Hunt Petroleum
-Natural gas firm, Gazprom OAO (OTC: OGZPY) predicts oil would top $250 per barrel by the end of 2009, Chief Executive Alexei Miller said yesterday (Tuesday), speaking before reporters in France. Gazprom is the largest global gas producer with a market capitalization of over $330 billion, Reuters reported. The Russian firm expects to triple in size to become a $1 trillion company within the next seven…
11Jun2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Gas Fuels Factory Orders; Borders Cuts Jobs to Cut Costs; Starbucks Serves Up Free Wi-Fi; Kenya Inflation Soars 32%; Chevron to Invest $5 Billion in Africa; Staples Raises Bid for Corporate Express; Lehman Looking for Cash Infusion; Oil Slides
–U.S. factory orders increased 1.1% in April, an unexpected gain that was boosted by the high cost of gas and other petroleum products, the Commerce Department announced yesterday (Tuesday). Economists had expected a smaller gain of just 0.1% after an upwardly revised 1.5% gain in March, MarketWatch reported.
–Borders Group Inc. (BGP) announced yesterday (Tuesday) it would reduce 20% of its corporate positions in…
4Jun2008 | Money Morning | Comments Off | ContinuedGlobal Investment Roundups
Sterlite Buys Asarco’s U.S. Copper Mines; Petrobras Award Tupi Rig Contracts; Russian Inflation to Hit 14% in 2008; South Korean Economy Outpaces Estimates; Toyota Sees U.S. Consumers Braking; Manufacturing Inches Up; NetSuite Snaps Up OpenAir
–India’s largest copper and zinc producer, Sterlite Industries Ltd. (ADR:SLT), agreed to buy assets of recently bankrupted miner Asarco LLC for $2.6 billion, Bloomberg reported. Asarco has three copper mines, a smelter and refinery Asarco is the third-largest copper maker in the U.S., producing 235,000 tons in 2007, and Sterlite said it plans to make it the largest.
–Petroleo Brasileiro SA (ADR:PBR), better known as Petrobras, doled…
3Jun2008 | Money Morning | Comments Off | Continued
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