Auto ETF Revs Up for 2013

The automobile market is tuning up evidenced by the First Trust NASDAQ Global Auto Index (NYSEArca: CARZ) trending higher over the past three months. The exchange traded fund gained 22%, while the broad-market SDPR S&P 500 (NYSEArca: SPY) gained 6% over the same time period. “The U.S. SAAR...