ETF Outlook for Tuesday April 1, 2014
iShares North American Natural Resources ETF (NYSE: IGE)
The name of the ETF can be deceiving as it sounds, as if it should be made up of mining and energy stocks. The truth is it is made up of 85 percent energy with only 8 percent in the metals and mining. The portfolio allocation has been a good thing recently as the energy stocks have been outperforming the overall market. IGE was up a mere 0.1 percent on Monday, but closed at the best level since mid-2011 and the chart indicates there could be higher prices ahead for the ETF.
Related: Investors Fleeing Treasury ETFs (SHY, TLT)
SPDR S&P 500 ETF (NYSE: SPY)
The broad based U.S. ETF closed out the first ...
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