ETF of ETF Issuers Nears New Highs

Broker-dealers and capital markets stocks are loving the idea of higher interest rates. The SPDR S&P Capital Markets ETF (NYSEArca: KCE) is proof positive of that. The $183.4 million, equal-weight KCE is up 4.3% over the past month, a performance that is nearly 200 basis points ahead of the...