PIMCO Germany Bond Index ETF (BUND) - NYSEARCA
BUND is defunct since October 1, 2014. Lack of investor interest
  • May 22, 2015, 4:46 AM
    • The Ifo measure of German business confidence weakened for the first time in seven months in May, albeit only slightly, another sign that growth in Europe's largest economy is losing momentum.
    • The Ifo business climate index slipped to 108.5 from 108.6 in April, its first drop since October 2014, but still rested above forecasts for a 108.3 print.
    • Germany’s economy is still set to outperform that of the euro area, with unemployment at record lows, lower borrowing costs, and exporters gaining from the ECB's asset-purchase program.
    • DAX -0.1% to 11,853.
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 22, 2015, 4:46 AM | 1 Comment
  • Jun. 6, 2014, 5:59 AM
    • Bundesbank has raised its growth forecast for Germany today, expecting a growth of 1.9% this year, replacing the December forecast of 1.7%.
    • As the euro zone's largest economy, Germany has been looked to as a source of euro zone recovery, especially given the ECB's cut yesterday to the deposit rate below zero.
    • The Bundesbank growth forecasts for 2015 and 2016 are unchanged at 2% and 1.8% respectively.
    • ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, HEWG,BUND, BUNL, BUNT, GGOV
    | Jun. 6, 2014, 5:59 AM
  • May 26, 2014, 6:49 AM
    • As expected, Germany's Gfk consumer confidence index has held steady at 8.5 heading into June.
    • "While economic expectations increased considerably and willingness to buy registered a marginal improvement, income expectations lost a large share of the gains achieved in the previous month," Gfk said.
    • The reading comes after the Ifo index last week showed business optimism weakening. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 26, 2014, 6:49 AM
  • May 23, 2014, 4:14 AM
    • The German Ifo institute's business-climate index has slipped to 110.4 in May from 111.2 in April and missed consensus of 110.9.
    • The current-situation reading declined to 114.8 from 115.3 and undershot forecasts of 115.5, while the expectations print fell to 106.2 from 107.3 and vs estimates of 106.6.
    • The euro dives and is -0.2% at $1.3631, while the DAX is flat.
    • CESifo Web site
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 23, 2014, 4:14 AM | 2 Comments
  • May 23, 2014, 2:39 AM
    • German Q1 GDP +0.8% (as in flash) on quarter vs +0.4% in Q4.
    • On year, GDP +2.5% (as in flash) vs +1.3%.
    • The euro is -0.05% at $1.3649. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 23, 2014, 2:39 AM
  • May 20, 2014, 2:06 AM
    • German PPI fell 0.1% on month in April after dropping 0.3% in March but came in below consensus for no change.
    • On year, PPI -0.9% vs -0.9% and -0.8%.
    • The drop in prices for industrial products comes as the ECB considers further easing measures to battle low inflation in the eurozone, with even the Bundesbank reportedly open to significant stimulus. (PR)
    • The euro is flat $1.3707.
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 20, 2014, 2:06 AM
  • May 19, 2014, 7:28 AM
    • The Bundesbank expects Germany's economy to slow in Q2 after unusually mild weather boosted growth in Q1, when GDP expanded 0.8% on quarter and an annualized 3.3%.
    • The bank believes domestic demand will be the main driver of the economy, but it warned about economic risks in some emerging markets and geopolitical uncertainty in Eastern Europe.
    • However, the weaker expansion "should not be interpreted as a slowdown in the underlying economic momentum," the bank said.
    • The euro is +0.1% at $1.3707, while the DAX is -0.8%.
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 19, 2014, 7:28 AM
  • May 15, 2014, 2:08 AM
    | May 15, 2014, 2:08 AM
  • May 13, 2014, 5:15 AM
    • The German ZEW survey of investor confidence has slumped to 33.1 in May from 43.2 in April and missed consensus of 41.
    • However, the current situation print rose to 62.1 from 59.5 and exceeded forecasts of 60.5.
    • Sentiment for the eurozone plunged to 55.2 from 61.2 and fell short of forecasts of 63.5.
    • The fall in the outlook for Germany "should be seen against the backdrop of a strong economic development in the first quarter," says ZEW President Clemens Fuest. "Already, there are indications that Germany will not be able to maintain this fast pace of growth," although the underlying trend should stay positive.
    • The euro takes a dive and is -0.1% at $1.3745, while the DAX is +0.5%. (PR)
    • ETFs: EWG, BUND, EWGS, GERJ, DXGE, DBGR, BUNL, FGM, BUNT, GGOV, HEWG
    | May 13, 2014, 5:15 AM | 6 Comments
  • May 9, 2014, 2:09 AM
    • Germany's exports fell 1.8% on month in March after dropping 1.3% in February and missed forecasts for a rise of 1%.
    • Imports declined 0.9% vs +0.4% and +0.5%.
    • The trade surplus slipped to €14.8B from €15.8B and missed consensus of €16.6B.
    • The current account surplus increased to €19.5B from €13.8B.
    • The euro gives back earlier gains and is flat at $1.38349, while DAX futures are +0.1%. (PR)
    • ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV
    | May 9, 2014, 2:09 AM | 1 Comment
  • May 8, 2014, 2:12 AM
    • German industrial production fell 0.5% on month in March after rising 0.6% in February and missed consensus for an increase of 0.2%.
    • On year, output +3% vs +4.7% in February.
    • Breakdown: construction -2.2%, intermediate goods -0.9%, consumer goods +0.5%, energy +1.8%.
    • The euro takes a bit of a dive and is now flat at $1.3913, while DAX futures are also little changed. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 8, 2014, 2:12 AM
  • May 6, 2014, 12:27 PM
    • Germany's growth premium in comparison to Europe is shrinking, impacting 25% of Germany’s equity market revenues, says global equity strategist Andrew Garthwaite, moving to a benchmark weighting in German stocks from overweight.
    • He also notes the country's competitiveness and funding-cost advantages are on decline, and it has three times more export exposure to China than Europe as a whole.
    • German's DAX 30 Index closed -0.7% today.
    • German ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    • France, on the other hand, is moved to overweight as a play on ECB launching QE. "Bond spreads are consistent with outperformance, and France stands to benefit more than Germany from any ECB easing," says Garthwaite.
    • P/E valuations are 5% below average, and 75% of the companies in CAC 40 have restructuring potential, he says.
    • Particularly cheap are the French banks: CRARY, SCGLY, BNPZY. Also looking good: Renault (RNSDF), AXA (AXAHY -1.6%), and Total (TOT -0.4%).
    • The CAC 40 closed -0.8% today.
    • French ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | May 6, 2014, 12:27 PM
  • May 2, 2014, 4:10 AM
    • German manufacturing PMI has increased to 54.1 (flash 54.2) in April from 53.7 in March.
    • Production growth accelerated despite a weaker increase in new orders, employment continued to rise at a very moderate pace, new export growth eased to a six-month low, and input costs fell at the quickest pace in nine months.
    • "The following months will show whether April's weak export reading was only a temporary blip or if the appreciation of the euro is having a noticeable effect on client demand from export markets," says Markit.
    • The Dax is flat. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | May 2, 2014, 4:10 AM
  • Apr. 29, 2014, 2:05 AM
    | Apr. 29, 2014, 2:05 AM
  • Apr. 24, 2014, 4:07 AM
    • The German Ifo institute's business climate index has increased to 111.2 in April from 110.7 in March and beaten consensus of 110.5.
    • The current-situation reading rose to 115.3 from 115.2 and exceeded forecasts of 115.7, while the expectations print climbed to 107.3 from 106.4 and topped estimates of 105.8.
    • The DAX is +0.8% and the euro is +0.15% at $1.3838.
    • CESifo Web site
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Apr. 24, 2014, 4:07 AM
  • Apr. 23, 2014, 3:44 AM
    • German flash manufacturing PMI has increased to 54.2 in April from 53.7 in March and topped consensus of 54.
    • Services has risen to 55 from 53 and vs 53.4.
    • Manufacturing output has climbed to 58.8 from 57.
    • Composite output has grown to to 56.3 from 54.3.
    • "A combination of increased activity, rising new orders and further employment growth across both the manufacturing and service sectors suggest companies will remain in expansion mode during the coming months," says Markit. The data indicates that "the economy is set to build on the foundation of last quarter's solid growth."
    • However, Markit warns that price data points to an "increasing risk of deflationary pressures."
    • The DAX is flat after being lower earlier, while the euro has recovered from prior losses, particularly after French PMI data, and is +0.05% at $1.3814. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Apr. 23, 2014, 3:44 AM
BUND Description
The Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of The BofA Merrill Lynch Diversified Germany Bond Index. The BofA Merrill Lynch Diversified Germany Bond Indexsm tracks the performance of large, Euro (“EUR”)- denominated investment grade debt instruments of German issuers publicly issued in the eurobond or Euro member domestic markets, including sovereign, quasi-government, corporate, securitized and collateralized securities. All Qualifying securities must be an obligation of a German entity with at least one year remaining term to final maturity and a fixed coupon schedule. Qualifying German sovereign securities must have a minimum amount outstanding of EUR 1 billion. Qualifying non-sovereign securities must have a minimum amount outstanding of EUR 500million and must be rated investment grade. Index constituents are capitalization-weighted adjusted, as necessary, to meet issuer concentration limits. The Underlying Index is rebalanced on the last calendar day of the month. It is not possible to invest directly in an unmanaged index.
See more details on sponsor's website
Country: Germany
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub