The ongoing boom in the Internet space and the skyrocketing prices of social media stocks has been an added advantage for Facebooks addition. Facebook will make its entry into the S&P 500 in less than two years of its IPO, which is almost the same period when Google ( GOOG ) joined the benchmark. However, Facebook edged past most of the big tech names like Amazon ( AMZN ), eBay ( EBAY ) and Yahoo ( YHOO ) that took over three years to join the S&P 500. Thus, we see this as a clear victory for Facebook, which was struggling with technical glitches and plunging stock prices following its 2012 IPO.
ETF of the Day: Hedging Rising Interest Rates (HYHG, TLT)
The idea was inspired by a paper written by Gary Antonacci and available on Optimal Momentum . The spreadsheet is available on Scotts Investments here . The objective of the spreadsheet is to track four pairs of ETFs and provide an Invested signal for the ETF in each pair with the highest relative momentum. Relative momentum is gauged by the 12 month total returns of each ETF.
ETF Investing: Most Successful Launches Of 2013
The palladium futures market is small relative to other commodities such as gold, with outstanding contracts worth $2.7 billion. For that reason, a single ETF can have a big impact on prices. Furthermore, historically South African investors have been comfortable with a big exposure to mining, which accounts for 18% of the country’s gross domestic product. Analysts say Absa’s ETF has the potential to quickly make a splash in a country that produces 37% of the world’s palladium, because domestic investors are already familiar with the metal and its key role in industrial processes such as oil refining. Another reason many investors are bullish on palladium is a murky supply outlook.
Noteworthy ETF Inflows: CWB
Treasury futures. The built-in interest rate hedge is created with the short position that will increase in value if interest rates rise and Treasury prices fall in value. Since its inception on May 21, 2013, the ETF has gained 2.3 percent including the dividends that vary from month to month. During the same time frame, TLT has lost 10.2 percent, including dividends.
ETF Deathwatch membership rolls increased by only one for December, although additional activity took place under the surface.
Twelve new names joined the list, while six escaped due to improved health and five others were removed as a result of their closures. The current count stands at 319, consisting of 211 ETFs and 108 ETNs. The average age of products on Deathwatch increased to 40.5 months from 39.5 in November. Average asset size increased from $6.4 million to $6.7 million, and 53 of them have less than $2 million in assets. Eleven products had zero volume throughout the month of November, and iPath Short Enhanced MSCI Emerging Markets (EMSA) has now gone thirteen months without a trade, continuing its reign as the poster child of Zombie ETPs. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.
ETF Providers Could Snub United Kingdom’s Overture
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR Barclays Convertible Securities ETF ( CWB ) where we have detected an approximate $32.0 million dollar inflow — that’s a 1.7% increase week over week in outstanding units (from 41,300,000 to 42,000,000). Click here to find out which 9 other ETFs had notable inflows The chart below shows the one year price performance of CWB, versus its 200 day moving average: Looking at the chart above, CWB’s low point in its 52 week range is $39.80 per share, with $46.85 as the 52 week high point that compares with a last trade of $45.90. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
Dual ETF Momentum Portfolio – December Update
domiciled ETF providers as of April. [ United Kingdom Courts ETF Providers ] Osbourne argued that making units in ETFs exempt from the stamp duty would encourage funds to domicile in the U.K., reports Jon Yarker for MoneyMarketing . This announcement is a further important step in a series of significant changes made by the Government over recent months to make the UK a more attractive location for investment funds to be based, Julie Patterson, Investment Management Association director of regulatory affairs for investment funds and retail, said in the article. This is a positive development for investors and effectively creates a level playing field for local and foreign ETF domiciles. Axel Lomholt, Vanguard head of product, added in the article. http://www.etftradingsignals.com Some market observers are skeptical about the effectiveness of this move to attract fund providers, pointing out that the costs outweigh the benefits.
ETF Brightens Palladium’s Shine
But these exchange traded notes weren’t created for individual investors, and Barclays doesn’t even provide information about them on its website. They were custom-made at the request of institutional clients. Apparently, the FI stands for deep-pocketed customer Fisher Investments, which owns $1.3 billion of FIGY and $961 million of FEEU, according to Nasdaq. Only 15 other institutional investors have stakes in them. FIGY and FEEU offer double-leveraged exposure to their underlying indexes. FIGY tracks the MSCI World High Dividend Yield USD Gross Total Return Index while FEEU tracks 50 Europe large-cap companies picked from the Stoxx Europe 600 Index.