isn't the only index taking a hit this week. Stock markets around the world have fallen, pushing down the portfolio values of exchange-traded funds.
These 16 ETFs had the lowest average price-to-earnings ratios on their portfolios. The prices of the funds' holdings have dropped faster than their reported earnings, suggesting the portfolios might be undervalued. While these ETFs might fall further, low price-to-earnings ratios can reduce the risk of losing.
Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.