November 28, 2007
But guess what - today they're shooting up! Just like a bucking bronco...
THE WORST-LOOKING ETF IN THE WORLD
It's a tough competition these days to sport the worst looking chart in the ETF world.
With the clobbering retail, freight, and real estate stocks have taken in the past few months, they all merit consideration for the title... but we'll have to give it to the ETF of Wall Street's best and brightest – the iShares U.S. Financial Sector Index (IYF).
With its largest weightings in Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, American Express, and Wachovia, this ETF holds America's biggest financial stocks... and some of the world's worst business practitioners of the past three years.
Citigroup's huge asset write-downs and desperate fire sale has helped the IYF lose about a quarter of its value in the past six months. If there is a sharper falling knife in the world, we haven't seen it.
– Brian Hunt
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