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Rating:After Bernanke Spoke, Risk-On ETF Prices Spiked Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 12, 2013

After Bernanke Spoke, Risk-On ETF Prices Spiked

News summary by MFWire's editors

PMs at Van Eck, Global X and BlackRock should all be smiling this morning thanks to Ben Bernanke.

On Wednesday the Fed chairman said that the tapering process would not start very soon, causing prices of risk-on ETFs to spike, Barrons Brendan Conway reported.

Precious metals, emerging markets and homebuilder ETFs performed the best. Mining ETFs, which have been hurting for a while now, were up.

The Global X [profile] Silver Miners ETF was up 5.9 percent and the Market Vectors [profile] Gold Miners ETF was up 5.4 percent. [profile] iShares Emerging Markets Index was up 3.6 percent and homebuilder ETF iShares Dow Jones U.S. Home Construction ETF is up 4.5 percent.

To read more, click here.  

Edited by: Casey Quinlan

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