best performing etfs (CIMT) was up 7.31% after reporting stronger-than-expected EPS and record revenues for Q3 2013. CIMT said non-GAAP diluted EPS was $0.11, up from $0.07 in the same period last year, beating the Thomson Reuters consensus of $0.06. Revenues rose year over year to a record $10.3 million from $9.5 million recorded in Q3 2012. Energy – Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) were flat, after seeing some gains in Monday’s after hours. In sector news, Northern Tier Energy (NTI) was down 0.04% after reporting Q3 revenue of $1.44 billion, up from $1.26 billion last year.
ETF Deathwatch For November 2013: 1 In 5 Don’t Survive
Relative momentum is gauged by the 12 month total returns of each ETF. In order to have an “Invested” signal, the ETF with the highest relative strength must also have 12-month total returns greater than the 12-month total returns of SHY. This is the absolute momentum filter which is detailed in depth by Antonacci, and has historically helped increase risk-adjusted returns. An “average” return signal for each ETF is also available on the spreadsheet. The concept is the same as the 12-month relative momentum. However, the “average” return signal uses the average of the past 3, 6, and 12 (“3/6/12) month total returns for each ETF.
Spain ETF Presents a Buying Opportunity
Like Japan, South Korea is highly dependent on exports, particularly automobiles and electronics. And like Japan, a strong currency can be problematic for South Korean stocks. With room for the Bank of Korea to defend its exporters by lowering rates to weaken the won, this years lesson in Japan ETFs is worth remembering. That being the currency hedged WisdomTree Japan Hedged Equity Fund ( DXJ ) is up 29.2% while the db X-trackers MSCI Japan Hedged Equity Fund ( DBJP ) has gained 29%.
Dual ETF Momentum Portfolio: November Update And Backtests
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South Korea ETF Showdown
22, a total that represents about 9% of the funds current assets under management tally. [Month of the PIIGS] EWP recent, modest retrenchment could be the dip some investors have been waiting for to put on a tactical, single-country trade to complement a broader Europe ETF such as the Vanguard FTSE Europe ETF ( VGK ) , which allocates just 4.8% of its portfolio to Spanish stocks. Spanish stocks have been drifting downward for the past three weeks. This is a normal, healthy correction, and should be expected. But its also a great opportunity to accumulate new shares of your favorite Spanish stocks, writes Charles Sizemore of the Sizemore Investment Letter.
ETF demand sends platinum to big deficit
This is the lowest quantity since March 2012 and represents a decline of more than 21% from the September 2012 peak of 403. The number of lifetime closures now totals 369, or 19.5% of the 1,894 total product launches. The 15 closures occurring in October were all on ETF Deathwatch, so the list has been doing its job of warning investors. IQ Canada Small Cap ( CNDA ) is a surprising addition this month. It debuted in March 2010, becoming the first Canadian small cap ETF . However, it never caught on with investors, despite the fact that most U.S.