Sports Illustrated and ETFs – It’s a Reach, but Stay With Us
February 13th at 6:00am by Tom Lydon
It’s that time of year again: the Sports Illustrated Swimsuit Issue. What’s that have to do with exchange traded funds (ETFs)?
Well, not a whole lot, really. But we’re just wondering if the stampede to the newsstands will result in any change of movement in the PowerShares Dynamic Media (PBS) ETF. After all, Time Warner, Inc. (TWX) owns Sports Illustrated, and the company makes up 4.9% of the fund.
Can this year’s cover model, Marisa Miller, help send the fund above its 200-day moving average? It’s her chance to prove that standing around looking pretty actually does accomplish something.
