06.10.2008 - Credit crunch hammers commodity ETFs
From Marketwatch.com: Few places for investors to hide in brutal quarter as markets plunge. It was a quarter to forget for most exchange-traded funds that invest in stocks as the credit storm ripped through financial markets. Meanwhile, commodities were also crushed on economic jitters and a rising U.S. dollar. The largest exchange-traded funds by assets tell most of the story of the carnage of the past three months. SPDR S&P 500 ETF, which tracks U.S. blue chips, lost about 9% during the third quarter..... Full Article: Source
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