Monday's ETF Winners & Losers
Exchange-traded funds tracking the real estate and housing sector were among the worst performers Monday, after a Federal Reserve official offered a bearish outlook for the sector.
San Francisco Fed President Janet Yellen told the National Association for Business Economics that the recent financial market turmoil will prolong the housing sector adjustment. Vornado Realty Trust (VNO) and ProLogis (PLD) were both lower by more than 1%.
The Ultra Real Estate ProShares (URE) was falling 72 cents, or 1.7%, to $41.52. The First Trust S&P REIT (FRI) ETF was down 69 cents, or 3.9%, to $17.11. The SPDR Dow Jones Wilshire International Real Estate (RWX) was off by $1.32, or 2.2%, to $58.63.
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