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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Wednesday, May 28, 2008
PHH Corporation to Present at KBW Diversified Financial Services Conference
Comtex
MT. LAUREL, N.J., May 28, 2008 (BUSINESS WIRE) ----PHH Corporation (NYSE:PHH) is scheduled to present at the Keefe, Bruyette & Woods Diversified Financial Services Conference on Wednesday, June 4, 2008 at 1:20 p.m. eastern daylight time in New York City. Terence W. Edwards, president and chief executive officer, will make the presentation.
There will be a live audio webcast of the PHH presentation. Interested investors may access the webcast at www.phh.com or at the KBW conference website at www.kbw.com/news/conferenceDivFin2008.html. The slides will be filed with the Securities and Exchange Commission on Form 8-K on June 4, 2008 and will also be available on the PHH Investor Relations page. The audio will be archived on the PHH website following the conference for approximately 90 days
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States(1), and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the company and its subsidiaries please visit our website at www.phh.com.
(1) Inside Mortgage Finance, Copyright 2008
SOURCE: PHH Corporation
PHH Corporation Nancy R. Kyle, 856-917-4268
Copyright Business Wire 2008 ********************************************************************** As of Saturday, 05-24-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 05-02-2008 for PHH @ $20.18. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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