Should You Consider The Emerging Market Financial ETFs?

The past few weeks have been an extremely rough period for financial companies in the U.S. as worries over the economic situation continue to mount. Concerns are building that not only will major financial institutions face another mortgage crisis thanks to an extremely low level of job growth, but also that ghosts from the last crisis may still be haunting some of the nation’s largest banks as well. In fact, federal housing authorities have joined in the wave of lawsuits targeting banking institutions, saying that these companies allegedly misrepresented the value of mortgage-backed securities, further adding to the woes for the sector. ”The financial sector performance has been a real laggard to say the least,” said Brian Gendreau, a market strategist at Financial Network. “These lawsuits certainly do not clear up the uncertainty.” Meanwhile, in Europe the situation isn’t much better as a number of financial institutions teeter on the brink with only the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Sector Rotation Strategies: Beyond The SPDRs June ETF Roundup: Launches, Filings, and Closures EGShares Launches Suite Of Emerging Market Sector ETFs ETF Insider: Tweaking Our All ETF Portfolio ETF Insider: Prudent Buying After Panic Selling