Major equity indexes have been grinding higher all week on hopes that policymakers in Washington D.C. will agree to steer in the same direction before we drive off the “fiscal cliff.” The Federal Reserve put pressure on gridlocked politicians during yesterday’s FOMC statement during which Chairman Bernanke noted that the Fed doesn’t have the necessary tools to avert the potentially detrimental effects should we see automatic tax hikes and spending cuts. On the data front, the domestic recovery continues to show signs of life; this week investors have digested better-than-expected jobless claims data along with a positive retail sales reading. Amid the mixed landscape, State Street filled the development pipeline with low volatility proposals while Fidelity filed for its first actively-managed ETF [see 101 High Yielding ETFs For Every Dividend Investor]. Industry giant State Street Global Advisors is planning to roll out two low-volatility funds based on Russell benchmarks that were used in [...] Click here to read the original article on ETFdb.com. Related Posts: PowerShares Rolls Out Hedged S&P 500 ETF (PHDG) 5 ETF Strategies To Reign In Risk ETF Insider: Bull Train Hits Resistance Again PowerShares Adds High Dividend ETF ETF Insider: Support Levels In Sight
Major equity indexes have been grinding higher all week on hopes that policymakers in Washington D.C. will agree to steer in the same direction before we drive off the “fiscal cliff.” The Federal Reserve put pressure on gridlocked politicians during yesterday’s FOMC statement during which Chairman Bernanke noted that the Fed doesn’t have the necessary tools to avert the potentially detrimental effects should we see automatic tax hikes and spending cuts. On the data front, the domestic recovery continues to show signs of life; this week investors have digested better-than-expected jobless claims data along with a positive retail sales reading. Amid the mixed landscape, State Street filled the development pipeline with low volatility proposals while Fidelity filed for its first actively-managed ETF [see 101 High Yielding ETFs For Every Dividend Investor]. Industry giant State Street Global Advisors is planning to roll out two low-volatility funds based on Russell benchmarks that were used in [...]
Click here to read the original article on ETFdb.com.
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