5 ETFs to Watch This Week
January 18, 2011 10:51 AM
Here are the five ETFs to watch this week.
SPDR KBW Bank ETF (NYSE: KBE)
The financial industry will be front and center during this shortened trading week as a combination of Wall Street giants and smaller regional players release their quarterly earnings reports. Notable names on tap include Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS), Fifth Third Bancorp (NASDAQ: FITB), U.S. Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC).
KBE is an ideal product for investors looking to take a broad approach to tracking the financial industry. The fund is topped by industry leaders but sets aside a considerable portion of its portfolio for smaller, more volatile regional institutions.
In 2010, financials faced pressure from Washington as lawmakers sought to construct sweeping reform legislation. With the bill completed and passed, it will be interesting to watch how banks react in the new year.
