The week ending last Wednesday was not easy to investors: the biggest events in the week were Japan's biggest earthquake in the last 20 years and its increasingly dangerous nuclear reactors meltdowns (still unfolding). On the domestic economic side, housing starts (home construction) in February plunged to the lowest level in almost a year, indicating the housing situation has yet to stabilize.
The performance of dividend stock ETFs for the week ending on Wednesday (3/16/2011) varied. Dividend ETFs clearly showed their defensive natures: for U.S. equities, the broadbased S&P 500 (SPY) dropped 4.7%, while SPDR S&P dividend (SDY) dropped 4.1%, iShares Dow Jones Dividend Select (DVY) dropped 4.2%. In fact, all of U.S. stock dividend ETFs fared better than the S&P 500. A standout was the iShares S&P U.S. Preferred ETF (PFF), losing only 0.6%. Similarly, Powershares International Dividend Achievers (PID) did much better than broadbased MSCI index (EFA): -5.3%
Complete Story »
Sarah Polley Aisha Tyler K. D. Aubert Sara Spraker Alexis Bledel
No comments:
Post a Comment