ETF Friday: Looking at three ‘vanilla’ equity ETFs traded on the ASX
The ASX 200 retreated 0.3% on Thursday, with the losses in the banking sector catching the eye after Bendigo (BEN) became the third bank this week to announce job cuts.
On Wednesday the ASX200 continued to rotate around the 7400 area, it’s acted like a strong magnet since the last half of October, so far this month the markets remained in a tight 168-point band – with only 4 trading days remaining the local markets delivered a monthly range well under half of the calendar years average, even after soaring bond yields and inflation have shaken the confidence of many investors. If I had known at the start of the month where bond yields were today I would have called the index 5% lower, either I’m too reactive or the stock market remains…
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