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This Week In ETFs: September 2nd Edition
September 02, 2012 at 09:00 AM EDT
Between Hurricane Issac testing the New Orleans levies for the first time since Katrina, the Republican National Convention in Florida, and ever present eurozone uncertainty, this week has been a wild ride for investors brave enough to get involved. With Spain earlier this week saying it was skeptical about the proposed Euro relief plans, stock markets took a nose dive Thursday. But it seems that all American investors needed was the promise of Bernanke speaking Friday morning to bolster the markets once again. After the Chairman’s speech reinforced that the central bank is holding off from further stimulus until deemed necessary, disappointed domestic markets took a dip before slowly recovering to end the week just below where they started. The ETF industry grew just a little more on the last day of August as First Trust added one more ETF to its product line this week, making it First Trust’s third new product this [...] Click here to read the original article on ETFdb.com. Related Posts: First Trust Debuts “Tail Hedge” S&P 500 ETF (VIXH)
Between Hurricane Issac testing the New Orleans levies for the first time since Katrina, the Republican National Convention in Florida, and ever present eurozone uncertainty, this week has been a wild ride for investors brave enough to get involved. With Spain earlier this week saying it was skeptical about the proposed Euro relief plans, stock markets took a nose dive Thursday. But it seems that all American investors needed was the promise of Bernanke speaking Friday morning to bolster the markets once again. After the Chairman’s speech reinforced that the central bank is holding off from further stimulus until deemed necessary, disappointed domestic markets took a dip before slowly recovering to end the week just below where they started. The ETF industry grew just a little more on the last day of August as First Trust added one more ETF to its product line this week, making it First Trust’s third new product this [...]
