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.

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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