Friday ETF Roundup: UNG Reverses, GDX Gains
Sunday, June 20th, 2010Michael Johnston submits:
After weeks of big price swings and frantic activity in equity markets, a relatively quiet week on Wall Street came to a close with most major indexes posting small losses on the day. A week that saw BP’s chief dragged before Congress, multiple indications of tame inflation, and further seesawing over the outlook for Europe ended with gold touching a record high as investors continued to flock towards safe havens.
The ETFdb 60 Index, a benchmark measuring the performance of asset classes available through ETFs, slid 1.14 points, or 0.1%, in relatively light trading. Only seven index components swung by at least 1% on the day, with most finishing Friday little changed.
