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New Issuer WBI Shares Debuts 10 ETFs
August 28, 2014 at 09:00 AM EDT
Wall Street saw the S&P 500 Index logging in its first ever above-2,000 close this week, setting a new milestone in the stock market’s recent bull run. Also this week, investors digested several economic reports. Orders for durable goods surged 22.6% in July from the prior month, well above analyst expectations of 7.5% (but driven mostly by airplane orders). In addition, the S&P/Case-Shiller index rose 8.1% in June, slightly below expectations [see How the S&P 500 Reacts to Unemployment Reports]. On the ETF front, a new issuer made its Wall Street debut, launching 10 new exchange traded funds, which began trading on Wednesday, August 27. WBI Shares WBI Shares is partnered with WBI Investments, a New Jersey-based firm that provides institutional and private client wealth management solutions. According to its website, WBI Shares specializes in offering innovative actively managed ETFs, which focus on providing “consistent, attractive returns, net of expenses, with potentially […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Wall Street saw the S&P 500 Index logging in its first ever above-2,000 close this week, setting a new milestone in the stock market’s recent bull run. Also this week, investors digested several economic reports. Orders for durable goods surged 22.6% in July from the prior month, well above analyst expectations of 7.5% (but driven mostly by airplane orders). In addition, the S&P/Case-Shiller index rose 8.1% in June, slightly below expectations [see How the S&P 500 Reacts to Unemployment Reports]. On the ETF front, a new issuer made its Wall Street debut, launching 10 new exchange traded funds, which began trading on Wednesday, August 27. WBI Shares WBI Shares is partnered with WBI Investments, a New Jersey-based firm that provides institutional and private client wealth management solutions. According to its website, WBI Shares specializes in offering innovative actively managed ETFs, which focus on providing “consistent, attractive returns, net of expenses, with potentially […]
