A Value Week In ETFs
Money flowed into value plays for the
week. In short, it’s still a bottom fisher’s market. The finance-focused
tradable funds also outperformed for the week.
The Regional Banking HOLDR
(
RKH |
Quote |
Chart |
News |
PowerRating)
rose 20.0% for the week, the largest percentage gain among the exchange-traded
funds. The Dow Jones Financial Services iShares
(
IYG |
Quote |
Chart |
News |
PowerRating)
improved 10.9%, the Financial SPDR
(
XLF |
Quote |
Chart |
News |
PowerRating) 7.8%.
The streetTRACKS Dow Jones U.S. Small
Cap Value Index Fund
(
DSV |
Quote |
Chart |
News |
PowerRating) gained 18.0% for the week, the S&P SmallCap
600/BARRA Value Index iShares
(
IJS |
Quote |
Chart |
News |
PowerRating) 17.9%, the Russell 2000 Value iShares
(
IWN |
Quote |
Chart |
News |
PowerRating)
13.%. Note that in addition to value, small-capitalization stocks — i.e.,
stocks with market caps under $1 billion — are showing relative strength.
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. In the second field, a
blue relative strength line represents the displayed security’s price
performance relative to the S&P 500. The third field displays vertical daily
volume bars in black with a 50-day moving average in blue for volume.
If you’re new exchange-traded funds,
be sure to visit TradingMarkets’ Knowledge Center,
dedicated to explaining the basics of trading and active investing in ETFs and
mutual funds. Just click on the Funds tab
near the top of this page, then click on the Knowledge
Center tab.Â
You also will find lessons on trading
exchange-traded funds in the Stocks Education area of TradingMarkets.com. In
particular, check out my three-part series on trading ETFs, starting with
Average Crossovers. I also recommend newcomers read my tutorial,
HOLDRs: Unique Opportunity And Risk.