ETF Portfolios: Is it time to invest in banks? Then buy PJB.

Filed under: Bank of America (BAC), Wells Fargo (WFC), U.S. Bancorp (USB)

With President Obama at the helm it seems as though the light might be shining on the economic horizon. If you're of this opinion then now might be a good time to invest some of your hard earned savings in the banking industry.

But what banking firm do you decide to go with? Rather than selecting just one bank, how about hedging your bets by investing in many diverse banks from all over the country? An exchange traded fund (ETF) is a great way to do just that. By investing in the ETF PowerShares Dynamic Banking (PJB) you get shares of several different banks. PJB seeks to replicate the Dynamic Banking Intellidex index and invests at least 90% of assets in common stocks that comprise that index. Among their holdings in the PJB ETF are BancFirst Corporation(NASDAQ GS: BANF) BancFirst's holding company, Capital Federal Financial(NASDAQ GS: CFFN) the holding company for Capitol Federal Savings Bank, and Northern Trust Corporation(NASDAQ GS: NTRS) Northern Trust Company's holding company.

Continue reading ETF Portfolios: Is it time to invest in banks? Then buy PJB.

ETF Portfolios: Is it time to invest in banks? Then buy PJB. originally appeared on BloggingStocks on Mon, 04 May 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments