HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 7186
Location: Houston, Texas & Los Angeles, California
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 Posted: Mon Jul 14, 2008 4:12 pm Post subject: Financial ETFs and Mutual Funds |
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For those who are inclined to anticipate a bounce in the financials, this instrument may be the least risky way of doing it:
http://news.morningstar.com/articlenet/article.aspx?id=244311&pgid=exchangetradedfunds
| Quote: | | All in all, though, we think the advantages of preferred shares are pretty significant, especially for financial institutions in this stormy weather. Recent results of PowerShares Financial Preferred Portfolio help support our opinion. Yes, the fund's total return was a loss of 9.4% in June. However, that wasn't much worse than the total return of negative 8.4% the more diverse iShares S&P 500 Index generated, and it was certainly better than the negative 19.1% total return of the Financial Select Sector SPDR. Also, keep in mind June was a gut-wrenching month, not just for financials, but for the entire market. On a year-to-date basis through June, PowerShares Financial Preferred Portfolio's total return is negative 1.2%, which looks pretty darn good compared with the same measurements for iShares S&P 500 Index and Financial Select Sector SPDR of negative 11.9% and negative 30.3%, respectively. |
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