In my June update of McCain vs. Obama: Which Funds Stand to Win, the Claymore/Clear Global Exchanges Brokers & Asset Managers Index ETF (EXB Quote) was added as a fund to watch after the election if a President McCain succeeded in funneling Social Security assets into personal accounts. Since early June, that fund has been pummeled 43.6% in the financial credit crisis. A bailout recapitalization and private accounts could help the surviving firms' return to profitability.
Plus, the additional Obama pick Vanguard Emerging Markets ETF (VWO Quote) has lost half its value over the same period as smaller economies have been disproportionally hurt by economic destruction. Increased foreign aid was cited by Obama as an area of planned spending that might have to be cut back to fund higher-priority domestic projects. So, the Vanguard Emerging Markets ETF is off the list until the U.S. economy recovers enough to fund lower-priority budget items. Be sure to vote like your financial interest depends on it, because it does. For more information on TheStreet.com Ratings, check out an explanation of our ratings. And for more coverage from TheStreet.com Ratings team, check out TheStreet.com Ratings section.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
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73.00
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UP
6.24
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