March 19, 2007 at 1:08 am by Tom Lydon
The subprime mortgage news has contributed to recent market volatility and exchange traded funds (ETFs) have also been affected. Financial sector ETFs dropped with the mortgage fears. However, Carl Delfeld of Chartwell Advisors says this could be an opportunity for iShares S&P Global Finance (IXG). Many of the highest weighted companies shouldn’t be impacted by any U.S. subprime market fallout.
The past weeks volatility highlights the importance of diversification, both domestically and globally.When choosing holdings for your portfolio, remember to make sure the trend is moving up, you have a stop-loss in place and the position makes sense to your overall portfolio.
Tags: Financial
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