15.12.2015 - Oil's Rout Ripples Beyond Energy ETFs
Sharp drops last week in the major market indexes and many ETFs may have more to do with plunging oil prices than the keenly watched Fed move expected Wednesday. Benchmark ETFs tracking the S&P 500, Dow and Nasdaq dumped 3% to 4% each. Many exchange-traded funds turned negative for 2015. Investors are by and large braced for the first rake hike in nearly a decade, which is expected to be a very small one, says Russ Koesterich, BlackRock's global chief investment strategist...............................................Full Article: Source
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