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July ETF Roundup: Launches, Filings, and Closures

By: ETFdb
July was another hectic month for equities, as the world struggled to deal with numerous debt crises that put downward pressure on global markets. In our first full month off of the quantitative easing program, rumors have already sprung up that a QE3 may be in store, as markets have failed to establish a strong trend higher, although bond yields have remained subdued. July saw a number of firsts, with one of the most surprising being that Apple Inc. (AAPL) hit $400 per share for the first time; the company is just $50 billion away from being the most valuable firm in the world. This month also saw gold finish above the $1,600 per ounce mark for the first time, as investors sought safe havens amid the uncertain future of the debt crises in Europe and the U.S. The ETF industry saw somewhat of a slowdown in launches, as recent [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: No Stopping Gold Tech ETFs In Focus: Highlighting Some Hyper-Targeted Options ETF Insider: Maybe The World Isn’t Ending UBS Debuts Internet IPO ETNs Another Inflation Fighting ETF On Tap
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