The iShares Barclays 3-5Yr Treasury Bond (IEI) ETF is up 1.48% since Aug. 8 as investors piled into the ETF for safety, driving up the price of the equity but definitely not driving up the yield of the underlying instruments.
FORBES: Best Performing Emerging Market ETFs Since Aug. 8 Decline
So I think the losses and then the leverage, the nature of the leverage underlying those instruments, also magnified losses when they started going down.
Derivatives are financial instruments whose value is based on some underlying asset, like a mortgage for instance, and and can be used to either hedge risk or for completely speculative positions.
Among the largest underlying components of IYW, in trading today Texas Instruments Incorporated ( NYSE: TXN) is off about 1.2%, Dell Corporation ( NASD: DELL) is down about 1.8%, and Corning Incorporated ( NYSE: GLW) is lower by about 1.8%.
FORBES: Tech Stocks Continue To Slide Due To Global Economic Concerns
Among the largest underlying components of IYW, in trading today Texas Instruments Incorporated ( NYSE: TXN) is up about 1.7%, Dell Corporation ( NASD: DELL) is down about 0.9%, and Corning Incorporated ( NYSE: GLW) is lower by about 2.3%.
FORBES: Tech Fund Sees Significant Outflows -- DELL, TXN, GLW Impacted
Among the largest underlying components of SMH, in trading today Texas Instruments Inc. ( NASD: TXN) is trading flat, Broadcom Corp. ( NASD: BRCM) is up about 1.5%, and ASML Holding NV ( NASD: ASML) is up by about 0.2%.
Among the largest underlying components of SMH, in trading today Texas Instruments Inc. ( NASD: TXN) is up about 2%, Broadcom Corp. ( NASD: BRCM) is up about 2.7%, and ASML Holding NV ( NASD: ASML) is up by about 2.2%.
Among the largest underlying components of SOXX, in trading today Texas Instruments Incorporated ( NYSE: TXN) is up about 4.1%, Broadcom Corporation ( NASD: BRCM) is up about 4.1%, and Applied Materials Incorporated ( NASD: AMAT) is up by about 4.2%.
Among the largest underlying components of SMH, in trading today Texas Instruments Inc. ( NASD: TXN) is up about 0.5%, ASML Holding NV ( NASD: ASML) is up about 2.3%, and Applied Materials, Inc. ( NASD: AMAT) is up by about 1%.
These instruments are called 'derivatives' because they derive from an underlying financial asset - in this case, share prices.
Brushing away the dust gives the robot's survey instruments a clearer view of the texture and chemistry of the underlying rock.
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