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This Week In ETFs: May 27th Edition
May 27, 2012 at 07:00 AM EDT
Ahead of the long holiday weekend, stocks showed little movement as investors digested the latest news from both the home front and overseas. On the upside, U.S. data on consumer sentiment surpassed expectations, showing that Americans are now more positive than they have been since the recession. After the highly anticipated Facebook IPO last week, investors were somewhat disappointed with the stock’s performance: Facebook dropped to close on Friday way bellow its initial-public-offering price [see also Updated: Which ETFs Will Own Facebook (And When)]. The ETF industry finally picked up the pace this week, after what seemed to be one of the slowest months on the product development front. Investors were introduced to a new first-to-market product from ProShares, which will provide exposure to “covered bonds”. Additionally, UBS launched a pair of leveraged dividend ETFs, while AdvisorShares rolled out their new “sustainable investing” fund [see also Why You Need A Preferred Stock [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Ahead of the long holiday weekend, stocks showed little movement as investors digested the latest news from both the home front and overseas. On the upside, U.S. data on consumer sentiment surpassed expectations, showing that Americans are now more positive than they have been since the recession. After the highly anticipated Facebook IPO last week, investors were somewhat disappointed with the stock’s performance: Facebook dropped to close on Friday way bellow its initial-public-offering price [see also Updated: Which ETFs Will Own Facebook (And When)]. The ETF industry finally picked up the pace this week, after what seemed to be one of the slowest months on the product development front. Investors were introduced to a new first-to-market product from ProShares, which will provide exposure to “covered bonds”. Additionally, UBS launched a pair of leveraged dividend ETFs, while AdvisorShares rolled out their new “sustainable investing” fund [see also Why You Need A Preferred Stock [...]
