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Rating:BGI REIT Hit by Market Woes Not Rated 3.1 Email Routing List Email & Route  Print Print
Monday, August 13, 2007

BGI REIT Hit by Market Woes

by: Erin Kello

At least one ETF is feeling the pinch from the recent credit crunch. Dow Jones Newswires reports that BGI's three-month old iShares FTSE NAREIT Mortgage REITs Index Fund, which hit a high of $51.06 per share on June 4, fell to a low of $29.86 on August 6, representing a 40-percent loss. Shares of the ETF closed at $31.15 on Friday.  

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