Stocks tumbled across the board this week after disappointing U.S. job data sent equities into a freefall, with the Dow Jones landing as the biggest loser as its 2012 gains were completely wiped out. Nonfarm payrolls rose only 69,000 in May, well below the expected level, while the unemployment rate ticked higher to 8.2%. News from overseas was also less than cheery, as grim China and Euro Zone data cast a darkening outlook for the future of the global economic recovery [see also Five ETFs That Will Live Or Die By China]. This week wrapped up one of the slowest months of the ETF industry on the product development front, with only 8 new funds total hitting the market. Despite the slowdown, investors were introduced to one new intruiging product from Exchange-Traded Concepts, which seeks to replicate a benchmark that is constructed based on publicly disclosed positions of hedge funds and institutional investors. Below we outline [...] Click here to read the original article on ETFdb.com. Related Posts: May ETF Roundup: Launches, Filings, and Closures Covered Bond ETFs: Everything You Need To Know ETF Insider: Is Spain The New Greece? ProShares Launches Covered Bond ETF (COBO) December ETF Roundup: Launches, Filings, and Closures
Stocks tumbled across the board this week after disappointing U.S. job data sent equities into a freefall, with the Dow Jones landing as the biggest loser as its 2012 gains were completely wiped out. Nonfarm payrolls rose only 69,000 in May, well below the expected level, while the unemployment rate ticked higher to 8.2%. News from overseas was also less than cheery, as grim China and Euro Zone data cast a darkening outlook for the future of the global economic recovery [see also Five ETFs That Will Live Or Die By China]. This week wrapped up one of the slowest months of the ETF industry on the product development front, with only 8 new funds total hitting the market. Despite the slowdown, investors were introduced to one new intruiging product from Exchange-Traded Concepts, which seeks to replicate a benchmark that is constructed based on publicly disclosed positions of hedge funds and institutional investors. Below we outline [...]
Click here to read the original article on ETFdb.com.
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