Why not an exchange traded fund (ETF) that focuses on investment bankers, brokers and financial exchanges? After all, they are the wheels on the investment bandwagon. iShares Dow Jones U.S. Broker-Dealers (IAI) focuses on just these type of companies.  Donald H.Gold of Investor’s Business Daily points out most of the stocks in this fund are from two groups: Finance-Investment Bankers and Financial Services Misc. The top holdings include Merrill Lynch (MER), Goldman Sachs (GS), Morgan Stanley (MS), Lehman Brothers (LEH) and Chicago Mercantile Exchange (CME).  IAI is 10 months old and has been riding it’s 10-week moving average higher since mid-September.


The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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