Wednesday, May 1, 2013

ETFs Up on a Big Down Day

Today the major US indices lost 0.9% and Gold fell by 1.2% as fears over Friday's jobs report and a slew of disappointing economic numbers caused the bulls to take a breather after pushing the S&P 500 to yet another all-time high yesterday.

There were a few bright spots in the world of ETFs today.

  • PowerShares Build America Bonds (BAB) - Up 0.6% to a new historic high.
  • First Trust High Yield Long/Short ETF (HYLS) - Up 0.2% today to a new high; the ETF has a yield of 6.5%.
  • PowerShares Emerging Markets Sovereign Debt ETF (PCY) - Up 0.3% today to a new multi-month high; current yield of 4.8%.

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