Tuesday April 6th ETF Movers: FIO, EKH
In midday trading Tuesday, the iShares FTSE NAREIT Industrl/Offc Cp Idx (FIO) is outperforming other ETFs, up about 3.1% on the day. And underperforming other ETFs today is the Europe HOLDRS ETF (EKH), off about 3.3% in Tuesday afternoon trading.
About the iShares FTSE NAREIT Industrl/Offc Cp Idx (FIO):
The investment seeks to replicate, net of expense, the FTSE NAREIT Industrial/Office index. The fund generally invests at least 90% of assets in securities of the Underlying index and depositary receipts representing securities of the Underlying index. It may invest the remainder of assets in securities not included in its Underlying index but which BGFA believes will help the fund track its Underlying index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents, including shares of money market funds advised by BGFA. The fund is nondiversified.
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About the Europe HOLDRS ETF (EKH)
The investment seeks to diversify your investments by holding the equity securities that are among the largest European companies traded on a US stock market, through a single, exchange-listed instrument representing undivided beneficial ownership of the underlying securities. The trust holds equity securities issued by specific companies that, when initially selected, were among the largest European companies with equity securities traded on a US stock market, in terms of worldwide market cap. Except when a reconstitution event, distribution of securities or other event occurs, the securities will not change. There are currently 45 companies included.
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