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November Review: Best and Worst Performing ETFs
December 02, 2013 at 09:00 AM EST
In November, investors witnessed the Dow Jones Industrial Average pierce the 16,000 mark, closing above that level for the first time; the Nasdaq also breached the 4,000 level for the first time in 13 years. In economic news, the Federal Reserve dominated the headlines after the Senate Banking Committee voted to approve Janet Yellen’s nomination, sending her name to the full Senate for a final confirmation vote. And in its latest FOMC minutes, the Fed stated that policymakers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months” [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. On the ETF front, investors saw plenty of action in November, with several new funds hitting the streets. ETF newcomers Vident Financial and Franklin Templeton made their debuts with the International Equity Fund and the Short Duration U.S. Government ETF [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
In November, investors witnessed the Dow Jones Industrial Average pierce the 16,000 mark, closing above that level for the first time; the Nasdaq also breached the 4,000 level for the first time in 13 years. In economic news, the Federal Reserve dominated the headlines after the Senate Banking Committee voted to approve Janet Yellen’s nomination, sending her name to the full Senate for a final confirmation vote. And in its latest FOMC minutes, the Fed stated that policymakers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months” [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. On the ETF front, investors saw plenty of action in November, with several new funds hitting the streets. ETF newcomers Vident Financial and Franklin Templeton made their debuts with the International Equity Fund and the Short Duration U.S. Government ETF [...]
