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
Mar. 25, 2014, 4:27 PM
- Schwab's fundamental index ETFs - Research Affiliates Fundamental Index (RAFI) - get a thumbs-up from Morningstar's Samuel Lee. They're cheap - 3-12 basis points less expensive than PowerShares' lineup of FTSE RAFI finds and lower than Schwab's earlier lineup of Russell Fundamental Index Funds - but they're not the cheapest (VLUE charges less, as does WisdomTree's offerings).
- Lee, however, likes the Schwab offerings because of their exposure to smaller cap stocks, which historically have generated most of the value alpha. He also prefers RAFI's use of multiple valuation metrics as opposed to WisdomTree's reliance on either dividends or earnings. "Multiple metrics can cancel out some of the idiosyncratic noise attributable to a single metric, thereby producing cleaner exposure to the value factor."
- The funds: FNDB, FNDX, FNDA, FNDF, FNDC, FNDE.
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, 2:46 PM
- These new additions to Charles Schwab's (SCHW) commission free resource platform brings the total funds offered up to 121 and expands the range of available asset categories to include global multi-asset income, long-term corporate bonds, fundamentally weighted indexes, and asset allocation ETFs.
- Vice President of ETF platform management, Beth Flynn, stated “we’re pleased to be adding to the range of funds and asset categories that we can offer commission-free, and continue to believe that this is just the beginning.”
- New additions to the OneSource Lineup: HGI, BSJJ, BSJK, BSCL, BSCM, CBND, RLY, GAL, INKM, WDIV, FNDB, FNDX, FNDA, FNDF, FNDC, FNDE
- Schwab's competition in the deep discount sector: E*TRADE Financial Corp. (ETFC), TD Ameritrade Holdings Corp. (AMTD), and Interactive Brokers Group (IBKR)
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
Aug. 8, 2013, 1:17 PM
- Six new Schwab (SCHW) Fundamental Index ETFs are set to begin trading next week, adding to the broker's 15 existing proprietary ETFs. Like the other 15, the new funds will be available to Schwab customers commission-free.
- The U.S. Broad Market Index ETF (FNDB) will track the Russell Fundamental U.S. Index with expense ratio of 0.32%.
- The U.S. Large Company Index ETF (FNDX) will track the Russell Fundamental U.S. Large Company Index with expense ratio of 0.32%.
- The U.S. Small Company Index ETF (FNDA) will track the Russell Fundamental U.S. Small Company Index with expense ratio of 0.32%.
- The International Large Company Index ETF (FNDF) will track the Russell Fundamental Developed ex-U.S. Large Company Index with expense ratio of 0.32%.
- The International Small Company Index ETF (FNDC) will track the Russell Fundamental Developed ex-U.S. Small Company Index with expense ratio of 0.46%.
- the Emerging Markets Large Company Index ETF (FNDE) will track the Russell Fundamental Emerging Markets Large Company Index with expense ratio of 0.46%.
FNDF vs. ETF Alternatives
The fund provides exposure to international large companies using the fundamental index methodology, developed by Rob Arnott and his firm, Research Affiliates, LLC. The Russell Fundamental Index Series® utilizes three fundamental measures of company size: retained operating cash flow, adjusted sales, and dividends plus buybacks. It seeks investment results that track the performance, before fees and expense, of the Russell Fundamental Developed ex-U.S. Large Company Index.
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