Net Funds Lead Broad Decline in ETFs
The U.S.-focused ETFs fell broadly
Friday, led lower again by the Net funds. Financials weakened, and there was no
defense in the defensive healthcare funds.
The B2B Internet HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) fell
9.9%, the day’s sharpest loss among the exchange-traded funds. Its heaviest
component, CheckFree
(
CKFR |
Quote |
Chart |
News |
PowerRating) lost 7.7%.
The Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) declined
6.4%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 4.7%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating)
4.6%, the Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 4.2%, the Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating)
4.0%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 3.9%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating)
3.1%.
The Dow Jones Healthcare iShares
(
IYH |
Quote |
Chart |
News |
PowerRating)
fell 2.9%, the Pharmaceutical HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating) 2.5%.
Among the financials, the Regional
Banking HOLDR
(
RKH |
Quote |
Chart |
News |
PowerRating) shed 2.2%, the Financial SPDR
(
XLF |
Quote |
Chart |
News |
PowerRating) 1.7%.
