Tue, Apr. 21, 4:46 PM
- Not necessarily a bear on American stocks, the global chief investment strategist suggests investors tamp down their return expectations given the rich values, and instead move a little money into cheaper international names.
- “Investment professionals advocate diversification, but not everyone follows it. And U.S. dollar-based investors are structurally overweight in stocks. Right now it is a timely moment to reduce their allocation."
- Much of the appreciation in U.S. stocks over the past few years, he says, is due to multiple expansion, rather than earnings growth.
- ETFs: EFA, VEA, VV, SCHX, IEFA, DBEF, FEX, DZK, JKD, EEH, URTH, DPK, EFZ, EQL, EFU, IWL, ADRD, MFLA, EFO, HEFA, ERW, FWDD, IDHQ, ZLRG, SYE, FDT, FWDI, SBUS
Fri, Jan. 9, 1:26 PM
- The Direxion Daily S&P 500 Bull 1.25X Shares (NYSEARCA:LLSP), Direxion Daily Small Cap Bull 1.25X Shares (NYSEARCA:LLSC), Direxion Daily FTSE Emerging Markets Bull 1.25X Shares (NYSEARCA:LLEM) and Direxion Daily FTSE Developed Markets Bull 1.25X Shares (NYSEARCA:LLDM) launched on January 7th.
- While most leveraged ETFs will look at 2 or 3X exposure, this slight leverage is a new development for the ETF space.
- Other leverage ETFs tracking the S&P 500, Russell 2000, broad emerging markets and broad developed markets: SSO, SPUU, UPRO, SPXL, UWM, URTY, EET, EMLB, EDC, DZK
Jun. 17, 2014, 11:05 AM
- The JPMorgan Diversified Return Global Equity ETF (JPGE) started trading earlier today, marking the firm's entrance into the ETF industry.
- JPGE will track the FTSE Developed Diversified Factor Index, a basket of equities from developed global markets which meet the relative valuation, price momentum, low volatility and market capitalization requirements.
- While the fund will track this index, it will also include an almost active tilt which may help JPGE outperform traditional market-cap-weighted ETFs.
- Other broad developed market ETFs: EFA, VEA, IEFA, DZK, DPK, URTH, EFZ, EFU, DBEF, ADRD, MFLA, EFO, IDHQ, IFSM, FDT, HEFA, FWDI
Apr. 22, 2014, 12:28 PM
- The EGShares Blue Chip ETF (BCHP) will begin trading on the NYSE Arca April 23rd, tracking the EGAI Developed Markets Blue Chip EM Access Index.
- The index features even weight exposure to 30 well established, large cap firms in developed markets; including the U.S.
- Other broad developed market ETFs: EFA, VEA, IEFA, DZK, PIZ, DPK, GWX, URTH, EFZ, EFU, DBEF, MFLA, ADRD, PXF, EFO, FNDF, IFSM, IDHQ, FDT, FWDI, HEFA
Jan. 22, 2014, 3:45 PM
- The Market Vectors MSCI International Quality ETF (QXUS) and the MSCI International Quality Dividend ETF (QDXU) will both track the MSCI ACWI ex-U.S. Index which includes large and mid-cap stocks across 42 countries. Both funds have expense ratios of 0.45%.
- Related ETFs: EFA, VEA, EFV, PDN, IEFA, EFAV, DZK, DWM, PIZ, EFG, DTH, DPK, GWX, URTH, EFZ, EFU, IDLV, DBEF, PXF, MFLA, EFO, ADRD, TLTD, FNDF, IFSM, IDHQ, FWDI, FDTS, FDT, IDHB, IDV, SDIV, DWX, PID, DTN, LVL, FGD, DOO, DOL, DEW, IDOG, HGI, DVYA, IQDF, IQDY, IQDE, WDIV, FIEG
- The Market Vectors MSCI Emerging Markets Quality ETF (QEM) and the MSCI Emerging Markets Quality Dividend ETF will both track the MSCI Emerging Markets High Dividend Yield Index which includes large and mid-cap stocks across 19 emerging market countries.
- Related ETFs: EEM, VWO, DEM, EDC, DGS, EDZ, EEMV, EEB, SCHE, EDIV, IEMG, DVYE, BIK, EEV, EWX, BKF, PIE, CEW, ADRE, HILO, EUM, FNI, EET, GMM, PXH, EEMS, BBRC, EELV, FEMS, EEME, EMDD, BICK, DBEM, EMCR, FEM, EWEM, EVAL, JEM, EMBB, EMLB, TLTE, EEHB, EGRW, FNDE, EMSA, EMHD, EMDR, EMFT
Jan. 15, 2014, 4:16 AM
- The World Bank expects global economic expansion to accelerate to 3.2% in 2014 from 2.4% in 2013, led by advanced economies that seem "to be finally turning the corner" following the financial crisis.
- In its Global Economic Prospects report, the bank also forecasts growth of 3.4% in 2015 and 3.5% in 2016.
- The bank predicts that the U.S. will expand 2.8% this year, up from 1.8% last year.
- While the Fed's scaling back of its bond-buying program is one headwind for global prospects, stronger growth in high-income countries should offset the impact of the taper, the bank says. (PR)
- ETFs: EEM, VWO, EFA, EDC, VEA, VT, FM, EDZ, EEB, SCHE, IEMG, FRN, BIK, ACWI, EEV, BKF, PIE, IOO, CEW, ADRE, IEFA, EUM, FNI, DZK, EET, PIZ, DPK, GWX, GMM, BBRC, EFZ, URTH, ONEF, EFU, DGT, DBEF, EEME, FIGY, EMDD, MFLA, EMCR, BICK, DBEM, PXF, EFO, ADRD, FEM, EWEM, RWV, JEM, EMBB, EMLB, FNDF, TOK, EMFM, IFSM, EMSA, IDHQ, FWDI, EMDR, EMFT, FDT
Jan. 2, 2014, 3:57 PM
- Mebane Faber updates countries' cyclically-adjusted price-earnings ratios (CAPE) for the start of the year, and Greece, Russia, Ireland, Argentina, Hungary, Jordan, Austria, and Lebanon make the list of the cheapest - all under 10.
- How did the CAPE do in 2013? If you bought the 5 highest-priced countries - Peru, Colombia, Indonesia, Mexico, and Chile - you would have lost 17.8%. If you bought the 5 cheapest - Greece, Ireland, Argentina, Russia, and Italy - you would have gained 20.7%.
- 2014's full list is here (subscription required).
- Related ETFs: EFA, VEA, EFV, PDN, EFAV, IEFA, DWM, DZK, EFG, PIZ, DTH, DPK, GWX, EFZ, URTH, EFU, IDLV, DBEF, MFLA, EFO, PXF, ADRD, TLTD, IFSM, IDHQ, FNDF, FWDI, FDT, FDTS, IDHB
Oct. 17, 2013, 5:25 AM
- Global equities are mostly lower after Washington approved a deal to finance the U.S. government until January 15 and raise the debt limit so that the country can continue to increase its borrowing until February 7.
- The short-term nature of the agreement has markets wary of another stand-off in another three months or so.
- Japan +0.8%, Hong Kong -0.6%, China -0.2%, India -0.4%.
- EU Stoxx 50 -0.6%, London -0.4%, Paris -0.7%, Frankfurt -0.6%, Milan -0.6%, Madrid -0.3%.
- U.S. Stock futures: Dow -0.4%. S&P -0.25%. Nasdaq -0.1%
- ETFs: ADRA, AIA, VPL, ASDR, AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVYA, EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, EFA, IEFA, VEA, ADRD, MFLA, EFO, MFSA, EFU, PDN, PIZ, EFZ, PXF, EFG, PFA, EFV, DZK, DPK, IDLV, DTH
Oct. 8, 2013, 4:50 AM
- Asian shares mostly rise as Chinese stocks climb 1.1% on the first day of trading following a week-long national holiday, with retailers and property developers boosted by higher sales during the period. The Shanghai Composite rose despite a dip in HSBC services PMI data.
- European shares are mostly lower as the deadlock in Washington continues, although U.S. stock futures are up following losses on Wall Street yesterday.
- Japan +0.3%, Hong Kong +0.9%, India +0.6%.
- EU Stoxx 50 -0.05%, London -0.3%, Paris -0.3%, Frankfurt flat, Milan +0.2%, Madrid -0.2%.
- U.S. stock futures: Dow +0.1%. S&P +0.2%. Nasdaq +0.2%
- ETFs: EFA, IEFA, VEA, ADRD, MFLA, EFO, EFU, PDN, PIZ, EFZ, PXF, EFG, EFV, DZK, DPK, IDLV, DTH, DWM, URTH, FDTS, FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS.
Oct. 7, 2013, 4:14 AM
- Global equities are lower after John Boehner said the GOP won't agree to support legislation to finance the government or raise the debt ceiling until the Democrats agree to talks about reducing the deficit.
- "The U.S. shutdown saga is starting to really roil markets," says Capital Spreads trader Jonathan Sudaria. "What was once thought to be a case of chest thumping by politicians may have been underestimated by markets."
- Japan -1.2%, Hong Kong -0.8%, China closed. India -0.6%.
- EU Stoxx 50 -1.1%, London -0.7%, Paris -1.3%, Frankfurt -1.2%, Milan -0.4%, Madrid -0.8%.
- U.S. stock futures: Dow -0.9%. S&P -1%. Nasdaq -1%.
- Crude -1% to $102.82, Gold +0.05% to $1310.60.
- U.S. Dollar index -0.2%.
- Ten-year Treasury yield -3 bps to 2.62%.
- ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, ADRA, AIA, VPL, ASDR, AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVYA, EFA, IEFA, VEA, ADRD, MFLA, EFO, EFU, PDN, PIZ, EFZ, PXF, EFG, EFV, DZK, DPK, IDLV, DTH, DWM, URTH, FDTS
Oct. 2, 2013, 5:16 AM
- European shares and U.S. stock futures are mostly lower as investors start to get more than a tad concerned that the government shutdown in America might drag on longer than expected. Markets are also focusing on an ECB policy meeting later, when the bank is expected to leave interest rates at 0.5%.
- Japanese shares dropped 2.3% as the yen rose against the dollar, and investors analyzed the government's sales-tax increase and stimulus package.
- Stocks rose elsewhere in Asia, though, helped by a strong ISM manufacturing report in the U.S.
- Hong Kong +0.6%.
- EU Stoxx 50 -0.3%, London -0.9%, Paris -0.7%, Frankfurt -0.6%, Milan +0.9%, Madrid -0.1%.
- U.S. stock futures: Dow -0.5%. S&P -0.7%. Nasdaq -0.5%
- ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, EFA, IEFA, VEA, ADRD, MFLA, EFO, EFU, PDN, PIZ, EFZ, PXF, EFG, EFV, DZK, DPK, IDLV, DTH, DWM, URTH, FDTS.
Sep. 30, 2013, 4:48 AM
- Equities are lower in most places around the world as the U.S. government heads for a shutdown at midnight tonight and Italy's government faces collapse.
- However, European shares remain near five-year highs and are on course for their best quarter in two years.
- Japan -2.1% to 14455.8. Hong Kong -1.5% to 22860. China +0.7%, India -1.3%.
- EU Stoxx 50 -0.8%, London -0.8%, Paris -0.9%, Frankfurt -1%, Milan -1.6%, Madrid -1%.
- U.S. futures: Dow -0.7%. S&P -0.7%. Nasdaq -0.5%
- ETFs: EFA, IEFA, VEA, ADRD, MFLA, EFO, EFU, PDN, PIZ, EFZ, PXF, EFG, EFV, DZK, DPK, IDLV, DTH, DWM, URTH, FDTS, EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, ADRA, AIA, VPL, ASDR, AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVY
Sep. 25, 2013, 4:54 AM
- Global equities are lower as the deadline for a U.S. budget deal draws closer and investors wonder what the Fed will do next after it backed out of tapering last week.
- "We're not seeing a post-Fed party as perhaps the market was initially expecting and that's causing some safe-haven flows," says FXPro chief economist Simon Smith.
- The USD-JPY is -0.2% to ¥98.52 and gold is +0.4% to $1.321.20. The U.S. dollar index is -0.1%.
- In Japan, Tokyo Electron surges 13.2% on its merger with Applied Materials.
- Japan -0.8%, Hong Kong +0.1%, China -0.4%, India -0.9%.
- EU Stoxx 50 -0.1%, London -0.1%. Paris -0.1%. Frankfurt -0.1%, Milan -0.15%, -0.2%.
- U.S. stock futures: Dow -0.4%, S&P -03%, Nasdaq flat.
- ETFs: EFA, IEFA, VEA, ADRD, MFLA, EFO, EFU, PDN, PIZ, EFZ, PXF, EFG, EFV, DZK, DPK, IDLV, DTH, DWM, URTH, FDTS, EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, ADRA, AIA, VPL, ASDR. AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVYA
Sep. 18, 2013, 5:25 AM
- Global equities are mainly higher as markets await the word from the FOMC later in the day, when the Fed is expected to announce that it's going to start tapering its bond-buying program.
- Japan +1.4%, Hong Kong -0.3%, China +0.3%, India +0.3%.
- EU Stoxx 50 +0.5%, London +0.1%, Paris +0.4%, Frankfurt +0.3%, Milan +0.5%, Madrid +0.8%.
- U.S. futures: Dow +0.1%, S&P +0.1%, Nasdaq +0.3%.
- ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, EFA, IEFA, VEA, ADRD, MFLA, EFO, MFSA, EFU, PDN, PIZ, EFZ, PXF, EFG, EFV, DZK, DPK, IDLV, DTH, DWM, URTH, FDTS, ADRA, AIA, VPL, ASDR, AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVYA
Sep. 11, 2013, 3:30 PM
- The Short Enhanced MSCI EAFE ETN's redemption feature was triggered automatically after recent months of rising global market indices.
- MFSA offered 2x inverse exposure to global markets, excluding North America, and performed best at the height of the euro crisis.
- The MSCI EAFE has gained close to 18% in the past year, causing MFSA to tumble and lose over 60% of its value according to a press release.
- Related funds: EFA, IEFA, VEA, DBEF, ADRD, FDT, URTH, FWDI, FNDF, MFLA, EFO, EFU, DZK, DPK, EFZ, PXF, IDHQ, PIZ
Jun. 5, 2013, 11:38 AMThere's another index change at Vanguard, with the firm's Tax-Managed International Fund (VEA) now tracking the FTSE Developed ex-North America Index instead of the MSCI EAFE Index (EFA). Vanguard began its shift away from MSCI last fall, causing a cratering in the shares, but they've retaken all of the lost ground. | Comment!
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