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This Week In ETFs: August 20th Edition

By: ETFdb
Another eventful week has passed us by, leaving investors with plenty to chew on as they try and figure out hectic markets. The week started off with the closing of four ETFs, as Claymore’s said goodbye to IRO, CRO, EXB, and ROB as the four failed to attract any meaningful amount of assets [see Four ETFs To Close Their Doors]. Intel announced the acquisition of software and spyware company McAffe, shooting its share price up nearly 60% in one trading day. While certain individual securities had strong performances, markets as a whole took a turn for the worse late in the week as first time unemployment claims surged past expectations to hit the half million mark, reigniting fears of an economic slowdown. The recurring fear of a double-dip sparked a major inflow to gold and Treasury funds as investor confidence was stunted in light of this weak data. For investors [...] Click here to read the original article on ETFdb.com. Related Stories: This Week In ETFs: November 20th Edition This Week In ETFs: January 15th Edition This Week in ETFs: August 14 Edition
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