Looking for a Bottom? Start with Sectors
With the US equity market recently hitting a new 52-week low, investors are still waiting for the market to bottom out.
SPY
ETF Assets Decline $2.9B in September
State Street Global Advisors reports that ETF assets in the US totaled $580 billion at the end of September, down $2.9 billion or 0.5% for the month. The overall asset decline was moderate compared to price levels for stocks and bonds.
ETF Industry Assets Grow $3 Billion in July
According to a report issued by State Street Global Advisors, ETF Industry Assets ended July at $578 billion. Assets were up $3 billion despite a 0.84% decline in the S&P 500 for the month.
Case Study: Locking in Tax Savings
Jane and John have experienced significant declines in their portfolio over the past year and want to lock in capital losses now to offset future gains. They anticipate a market upturn at some point in the near future, so they don’t want to be out of the market. At the same time, they want to avoid any problems with the “wash-sale” rule that discourages the sale and repurchase of a similar security within a 30-day period.