Friday ETF Wrap-Up: MOO, EWJ Surge
Sunday, March 14th, 2010Michael Johnston submits:
Most major indexes finished the week rangebound as markets digested conflicting data. Although retail sales increased unexpectedly, weak consumer sentiment and unchanged inventories helped to drag the markets lower and balance out the hopes of renewed consumer spending. “There is a lack of conviction in the markets, everyone is kind of in wait-and-see mode.” said Neil Menard, principal at Steben & Co. in Rockville, Md.
The ETFdb 60 Index, a benchmark measuring the performance of asset classes available through ETFs, added 0.59 points to notch its fourth consecutive winning session. The ETFdb 60 Index is now up 1.2% on the year.
