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¿La quiebra de MF Global puede afectar a algunos etfs?

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¿La quiebra de MF Global puede afectar a algunos etfs?
¿La quiebra de MF Global puede afectar a algunos etfs?
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¿La quiebra de MF Global puede afectar a algunos etfs?

MF Global Holdings Bankruptcy: Energy And Oil ETFs Suffer (USO, IYE, XLE, MF)
EXECUTIVE SUITE: WALL STREET SECTOR SELECTOR ETF NEWS ALERTS | JOHN NYARADI | OCTOBER 31, 2011 3:49 PM
Energy ETFs such as the United States Oil Fund LP (AMEX:USO), iShares Dow Jones Energy Sector ETF (AMEX:IYE), and Energy Select Sector SPDR (AMEX:XLE), all slumped today on news that MF Global Holdings (NYSE:MF), a large holder of futures positions, filed for bankruptcy earlier today.
(AMEX:USO) lost nearly 1% today as oil closed at $93.19 per barrel. The loss can largely be attributed to news that MF Global Holdings (NYSE:MF), a large holder of commodities positions, filed for Chapter 11 bankruptcy today, and is no longer able to trade its holdings except for sell off purposes. The bankruptcy could trigger a massive sell-off of commodities positions, including oil holdings, which would likely put supply in control and drive down prices. The oil market reacted accordingly today, and (AMEX:USO) followed directly behind with its 1% drop.

Other energy ETFs reacted negatively today, largely due to the oil slip and MF Global Holdings (NYSE:MF) news. The iShares Dow Jones Energy Sector ETF (AMEX:IYE) dropped 4.43% today while the Energy Select Sector SPDR ETF (AMEX:XLE) plummeted 4.71%. The drops in both (AMEX:IYE) and (AMEX:XLE) are likely a reaction to lower prices because oil is such a large staple of the US and Global economies. Any drop in oil is likely to trigger a similar drop in (AMEX:IYE) and (AMEX:XLE), and the MF Global Holdings (NYSE:MF) did not help.

The slump in Energy ETFs today is also largely attributed to the rising US dollar in response to the Japanese Government’s yen intervention to hold back the Yen’s strength. Commodities, and oil in particular, generally go down as dollars go up, and so a combination of the MF Global Holdings (NYSE:MF) failure plus a dollar increase are the likely culprits for oil and energy ETFs decline.

Bottom Line: MF Global Holdings (NYSE:MF) filing for Chapter 11 Bankruptcy is a huge deal for the commodities market. One can expect Oil and Energy ETFs like (AMEX:USO), (AMEX:IYE), and (AMEX:XLE) to respond accordingly until this market irons itself out.
ETF Summary:
United States Oil Fund LP (AMEX:USO): -0.20, -0.80%

iShares Dow Jones Energy Sector ETF (AMEX:IYE): -1.84, -4.43%

Energy Select Sector SPDR (AMEX:XLE): -3.44, -4.71%

http://wallstreetsectorselector.com/2011/10/mf-global-holdings-bankruptcy-energy-and-oil-etfs-suffer-uso-iye-xle-mf/

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