In today's WSJ un-FundTrack
, Ian Salisbury pens an early obituary for sector ETFs. These narrowly focused funds have had a rocky ride since volatility came back into vogue in the markets. As an example of an ETF that picked the wrong sector to focus in on, Salisbury gives us the iShares FTSE NAREIT Mortgage REIT ETF
, designed to follow the residential and commercial mortgage real estate sector; it has bled out 37 percent of its value so far this year.
Stay ahead of the news ... Sign up for our email alerts now