August 17, 2007 at 8:00 am by Tom Lydon
Amid stormy conditions on the market’s rough water, is there any calm where exchange traded funds (ETFs) can fare well?
Aaron Pressman for Business Week shows us what is staying afloat for the month among a sea of change. Ultrashort Russell MidCap Value ProShares Fund (SJL) has gained almost 30% over the past month. For more conservative investors, treasury bond funds have been a relief. iShares Lehman 7-10 Year Treasury Fund (IEF) is up about 3%, along with the CurrencyShares Japanese Yen Trust (FXY), which is up 4.4%
Having a diversified portfolio can help protect a portfolio in volatile times. But having an exit strategy is also important, as one can get out of a holding when it starts to sink and switch to cash. Diversification within a portfolio and an exit strategy are essential during all market conditions.
Tags: Mid-Cap
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