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February Review: Best and Worst Performing ETFs
March 03, 2014 at 09:00 AM EST
It was another up-and-down month for Wall Street in February, as investors weighed a mixed bag of earnings and economic reports. February saw the Philadelphia Federal Reserve index of manufacturing activity fall into negative territory for the first time in nine months; the Fed cited severe winter weather as the primary reason behind the weakness. Retail sales also came in below expectations while U.S. residential construction and building permits fell 16% and 5.4%, respectively. Investors also paid close attention to the most recent Fed minutes, which indicated that a few central bank officials argued for raising interest rates sooner than expected [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. On the ETF front, investors welcomed several new products, including two first-to-market ETFs. For the first time in its history, the U.S. Treasury rolled out floating rate notes (FRNs), marking the first new class of issuance by the Treasury since it issued TIPS [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
It was another up-and-down month for Wall Street in February, as investors weighed a mixed bag of earnings and economic reports. February saw the Philadelphia Federal Reserve index of manufacturing activity fall into negative territory for the first time in nine months; the Fed cited severe winter weather as the primary reason behind the weakness. Retail sales also came in below expectations while U.S. residential construction and building permits fell 16% and 5.4%, respectively. Investors also paid close attention to the most recent Fed minutes, which indicated that a few central bank officials argued for raising interest rates sooner than expected [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. On the ETF front, investors welcomed several new products, including two first-to-market ETFs. For the first time in its history, the U.S. Treasury rolled out floating rate notes (FRNs), marking the first new class of issuance by the Treasury since it issued TIPS [...]
