The markets finished over 1 percent lower this week as sellers took the reins and pushed the SPDR S&P 500 ETF (NYSE: SPY) into negative territory for September.
The biggest story of the week was trending on Friday when Bill Gross announced he was resigning from his position at PIMCO and transitioning to Janus Capital Group (JNS). The news comes amid a strained relationship between Gross and the company he co-founded in 1971.
Many questions are swirling over who will replace the ‘bond king’ at the world's largest fixed-income manager and his reasons for departure. Nevertheless, global markets experienced some interesting gyrations that were captured through exchange-traded funds this week.
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