January 28, 2013 at 11:30 AM EST
Auto ETF Revs Up for 2013
The automobile market is tuning up evidenced by the First Trust NASDAQ Global Auto Index (NYSEArca: CARZ) trending higher over the past three months. The exchange traded fund gained 22%, while the broad-market SDPR S&P 500 (NYSEArca: SPY) gained 6% over the same time period. “The U.S. SAAR...
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