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FlexShares Launches New Mortgage-Backed Securities Fund (MBSD)
September 04, 2014 at 11:47 AM EDT
Wall Street kicked off the month of September on a mixed note, with equities taking a slide on Tuesday following Labor Day; historically, September has always been a bad month for stock markets. Investors have been keeping a close eye on Europe in recent months, especially focusing on conflicts between Ukraine and Russia [see Annual GDP Growth: A Good Predictor of Single-Country ETF Returns?]. On Thursday, however, investors weighed an unexpected decision from the European Central Bank. The ECB announced that it has lowered all its interest rates, and that the central bank would buy asset-backed securities and covered bonds to spur the economy. On the home front, U.S. jobless claims rose by 4,000 to 302,000, slightly above the expected 300,000. Private sector payrolls also came in below expectations, rising to 204,000 in August vs. the estimated 215,000. In ETF news, FlexShares announced its launch of a new mortgage-backed securities fund. A […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Wall Street kicked off the month of September on a mixed note, with equities taking a slide on Tuesday following Labor Day; historically, September has always been a bad month for stock markets. Investors have been keeping a close eye on Europe in recent months, especially focusing on conflicts between Ukraine and Russia [see Annual GDP Growth: A Good Predictor of Single-Country ETF Returns?]. On Thursday, however, investors weighed an unexpected decision from the European Central Bank. The ECB announced that it has lowered all its interest rates, and that the central bank would buy asset-backed securities and covered bonds to spur the economy. On the home front, U.S. jobless claims rose by 4,000 to 302,000, slightly above the expected 300,000. Private sector payrolls also came in below expectations, rising to 204,000 in August vs. the estimated 215,000. In ETF news, FlexShares announced its launch of a new mortgage-backed securities fund. A […]
