Monday, April 26th ETF Movers: IRV, KRE, EWT, RWR, SLX, USO, VNM
In trading on Monday, the SPDR S&P International Materials Sector ETF (IRV) is outperforming other ETFs, up about 2.2% on the day. And underperforming other ETFs today is the SPDR KBW Regional Banking ETF (KRE), off about 2.2% in Monday afternoon trading. Among other winners are the iShares MSCI Taiwan Index Fund (EWT) up 1.6%, SPDR Dow Jones REIT ETF (RWR) up 1.5% and the Market Vectors Steel ETF (SLX) up 0.9%. Among other losers are the United States Oil Fund (USO) down 1.5% and the Market Vectors Vietnam ETF (VNM) down 1.4%.
About the SPDR S&P International Materials Sector ETF (IRV)
The investment seeks to replicate, net of expenses, the S&P Developed Ex-U.S. BMI Materials Sector index. The fund generally invests substantially all, but at least 80%, of total assets in the securities comprising the index. The index is designed to represent the non-U.S. materials sub-industry of developed countries included in the BMI Global index.
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About the SPDR KBW Regional Banking ETF (KRE)
The investment seeks to replicate the total return performance, before expenses, of the KBW Regional Banking index. The fund uses a passive management strategy designed to track the total return performance of the KBW Regional Banking index. The index is a float adjusted modified-market capitalization weighted index of geographically diverse companies representing mortgage banks, loan processors, marketing and service institutions listed on U.S. stock markets.
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