It’s been an up and down week on Wall Street, as investors turned their attention to the Federal Reserve’s policy setting meeting. Though taper talks have been on the table for some months, some were surprised when the Federal Reserve announced that it will begin scaling back its bond buying program next month. The central bank will now purchase $40 billion worth of Treasury bonds per month, and $35 billion worth of mortgage-backed securities – a $10 billion total reduction of purchases. In his press conference, Fed Chairman Bernanke was adamant, however, that asset purchases are not on a pre-set course and that the central bank will remain highly accommodative [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. On the ETF front, industry veteran WisdomTree launched six new funds this week: A New Dollar ETF WisdomTree introduced its new Bloomberg U.S. Dollar Bullish Fund , which tracks the Bloomberg Dollar Total Return [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs For Top Currency Trends In 2013 Five ETFs George Washington Probably Would Have Liked PowerShares, Deutsche Team Up On Leveraged Dollar ETNs Picture Edition: Major Asset Class Returns From The 2009 Bottom ETF Insider: Sell On The Pop Prospects August 26th Edition
It’s been an up and down week on Wall Street, as investors turned their attention to the Federal Reserve’s policy setting meeting. Though taper talks have been on the table for some months, some were surprised when the Federal Reserve announced that it will begin scaling back its bond buying program next month. The central bank will now purchase $40 billion worth of Treasury bonds per month, and $35 billion worth of mortgage-backed securities – a $10 billion total reduction of purchases. In his press conference, Fed Chairman Bernanke was adamant, however, that asset purchases are not on a pre-set course and that the central bank will remain highly accommodative [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. On the ETF front, industry veteran WisdomTree launched six new funds this week: A New Dollar ETF WisdomTree introduced its new Bloomberg U.S. Dollar Bullish Fund , which tracks the Bloomberg Dollar Total Return [...]
Click here to read the original article on ETFdb.com.
Related Posts:
