Major Institutions’ Woes Drag Down Financials ETFs
September 15, 2008 – The Dow Jones Industrial Average and a whole slew of exchange traded funds (ETFs) are trading sharply lower this morning as a tsunami of trouble hit several large financial firms.
Lehman Brothers Holdings (LEH) filed for... Continue Reading »
ETFs Around the World Sneeze After Dow Sinks
September 5, 2008 – Wall Street coughed yesterday, and Europe and Asia’s markets and exchange traded funds (ETFs) caught a cold.
After the Dow Jones lost more than 340 points, Europe’s FTSE-100, Germany’s DAX and France’s CAC all fell by... Continue Reading »
AIG’s Losses Drag Down Insurance ETFs
August 7, 2008 – American International Group (AIG) notched its third consecutive quarterly loss, which is putting the hurt on financial exchange traded funds (ETFs).
The world’s largest insurer lost more than $5.6 billion in credit default swaps – insurance... Continue Reading »
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