Thursday’s ETF To Watch: Consumer Goods Index Fund (IYK)

By: ETFdb
As a variety of bailout related programs are paid back, some are beginning to believe that the American economy is finally in recovery mode thanks to tame inflation levels and optimism from major retailers over holiday season spending. One classic example of this trend is General Motors which has come roaring back to life from bankruptcy and is now scheduled to have an IPO later today after receiving billions in government aid at the height of the crisis in late 2008-early 2009. This controversial payment kept the struggling automaker afloat long enough to go through a ‘pre-packaged’ bankruptcy process which drastically cut down the number of company brands, dealerships, plants and debt that the company had, allowing a much more nimble GM to come out of the proceedings. As the financial crisis eventually subsided, the new GM paid back all of its loans to the federal governments in both the [...] Click here to read the original article on ETFdb.com. Related Stories: Tuesday’s ETF To Watch: iShares Dow Jones U.S. Consumer Index Fund (IYC) Tuesday’s ETF To Watch: Consumer Discretionary Fund (XLY) Wednesday’s ETF To Watch: Consumer Staples Fund (XLP)
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