It's No Time to Call on Telecom ETFs

Telecom exchange-traded funds have crumbled in 2008 as nearly every holding has been mired in the red.

But with such a small number of stocks in each fund's basket, it will likely take longer for investors in these sector-specific ETFs to see a bottom.

"The reality is that the telecoms tend to trade more or less with the market and at a higher beta [volatility]," says Jason Browne, portfolio manager with DAL Investment. "When things are going up, they tend to do fairly well. When things are not going well, they tend to get beat up pretty good." ...