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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. 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.