Short, Financial ETFs Stand Tall As Investors Back Away From Oil, Commodities
August 24, 2008 at 16:00 PM EDT
The last week notwithstanding, there has been a trend away from commodities and the exchange traded funds (ETFs) that track them as the price of oil takes a step back. It’s led to a rebound for those funds that were left for the vultures, namely financials and homebuilders. As assets flow out of commodities, they are becoming [...]