Steel Stays Strong
Steel stocks, on a steady upward trend since the March 2009 lows, have recently outpaced the broader market. The Market Vectors Steel ETF (SLX) is up 34% since early November compared to a 10% gain for the broader market.
SLX
Dividend Yields Hit 12 Year High
Last week’s market correction has lowered stock prices to the point where dividend yields are now at their highest levels in 12 years. Leading S&P 500 components such as Pfizer (PFE), AT&T (T), Dow Chemical (DOW), Nucor (NUE), and Duke Energy (DUK) all ended the week with forward looking dividend yields of over 6.5% and well above their 5 year averages.
Investing in Brazil with ETFs
A quick way to get diversified exposure to Brazil is through an ETF. A well established Brazil ETF is the iShares MSCI Brazil Index Fund (EWZ).
ETF Investing in Brazil
A few weeks back, we presented the investment case for Brazil in our post The Case for a Brazil ETF. Despite signs of slowing economies in other parts of the world, Brazil continues to deliver good news.