New this week at WealthManagerWeb.com
Blog: Portfolio Gourmet
See Ben Warwick's newest blog post in Portfolio Gourmet, about investment strategies, markets and the economy.
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Hedge Funds Buy Equities
The stock market's impressive gains have been criticized by many as the result of easy money and speculation. But as index levels continue to rise, increasing numbers of investors have joined the buying frenzy…
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Also at WealthManagerWeb.com
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McNabb Takes the Helm at Vanguard |
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William McNabb III will add the title of chairman to his current post as Vanguard's president and CEO, on January 1
Read More |
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Greece Gets Downgrade |
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The medium-term prospects for Greece led Fitch Ratings to downgrade that country's long-term foreign currency and local currency Issuer Default Ratings (IDRs), on December 8
Read More |
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All Select Sector SPDRs: Weekly Flows
Source: Select Sector SPDRs
Select Sector SPDRs summary for the week ended December 11:
The S&P 500 eked out a gain of 0.04% for the week; it's up 22.49% year-to-date.
Sector SPDR assets were off by $610 million for the week, or 2.07%.
Shares of Sector SPDRs were lower as well, by 39,950,000 shares last week, or 3.41%.
Volume was "slow," with 766 million Sector SPDR shares trading for the week.
The Utilities Sector SPDR (XLU), was the best-performer, up 3.85%. The Financials Sector SPDR (XLF), was the worst performer, off 1.64%.
For more weekly net flows charts for Select Sector SPDRs please
click here.
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