FactorShares 2X S&P 500 Bull/USD Bear ETF(FSU)- NYSEARCA
FSU is defunct since November 22, 2013. Lack of investor interest
  • Feb. 5, 2014, 1:46 PM
    • A contrarian indicator? With equities selling off hard, AAII's sentiment survey for the week ending Jan. 29 shows a 590 bps drop in bullish sentiment to 32.2%, and a 900 bps increase in bearish sentiment to 32.8%. Neutral sentiment is down 310 bps to 35.1%.
    • Bullish sentiment is now well below a long-term average of 39%, and bearish sentiment moderately above a long-term average of 30.5%.
    • ETFs: PRF, VV, SCHX, JKD, EQL, EEH, SPXH, TRSK, FSE, PXLC, FSU, FWDD, ALTL
    | Feb. 5, 2014, 1:46 PM | 2 Comments
  • Nov. 26, 2013, 11:07 AM
    | Nov. 26, 2013, 11:07 AM | 6 Comments
  • Nov. 23, 2013, 9:00 AM
    • The financial crisis changed nothing, writes Vanguard's Fran Kinniry: Investors continue to chase returns, and have lately been jettisoning fixed income for stocks. Driven by the 4th greatest bull market on record - a cumulative return of 198% since the bottom - global equity allocation for investors has increased to 57% from 38%, and vs. the 20-year median of 51%.
    • It's probably time for the typical investor (one with an equity-heavy portfolio) to maintain a prudent allocation by directing new cash flows into bonds, while selling stocks - the exact opposite of where money is flowing today.
    • "Rebalancing usually seems counterintuitive at the time when it promises to be most effective," says Finniry. "It can be difficult to implement from a behavioral standpoint and requires incredible discipline." With equities partying and the near-universal belief of higher interest rates on the way, who could blame an investor for not wanting to sell stocks and buy bonds.
    • "It is very common following significant gains in the equity markets for investors to question the benefits of rebalancing," but it's never "different this time;" instead it's the "same as it ever was."
    • Broad fixed income ETFs: AGG, BOND, BND, BSV, BIV, BLV, SCHZ, LAG, SAGG, ILTB, ISTB, GBF, GVI, MINC, FWDB, GIY
    • Broad equity ETFs: VTI, PRF, SCHB, USMV, VV, SCHX, ITOT, ONEQ, IYY, NYC, JKD, EXT, EQL, FVI, EUSA, EEH, SPXH, TRSK, FSE, FSU, PXLC, FWDD, TOTS, FNDB, ALTL
    | Nov. 23, 2013, 9:00 AM | 35 Comments
  • Nov. 22, 2013, 1:08 PM
    • "I cannot look at myself in the mirror," says Hendry at an investor conference. "Everything I have believed in I have had to reject. This environment only makes sense through the prism of trends."
    • "I have been prepared to underperform for the fun of being proved right when markets crash. But that could be in three-and-a-half-years' time."
    • Fully aware he may be ringing a bell as the last bear to throw in the towel, he tells the audience it would be well within its rights to sell. But for now: "Crashing is the least of my concerns. I can deal with that, but I cannot risk my reputation because we are in this virtuous loop where the market is trending."
    • ETFs of note: PRF, VV, SCHX, JKD, EQL, EEH, SPXH, TRSK, FSE, PXLC, FSU, FWDD, ALTL
    | Nov. 22, 2013, 1:08 PM | 4 Comments
  • Nov. 21, 2013, 8:05 AM
    • Declining 4.8 points to 34.4%, bullish sentiment in the AAII Investor Sentiment Survey is the lowest since just before when everybody knew the Fed was going to taper in September. The long-term bullish average is 39%.
    • At 29.5%, bearish sentiment is about inline with the long-term average of 30.5%. Neutrals at 36.1% compares to the 30.5% long-term average.
    • ETFs: PRF, VV, SCHX, JKD, EQL, EEH, SPXH, TRSK, FSE, PXLC, FSU, FWDD, ALTL
    | Nov. 21, 2013, 8:05 AM | 1 Comment
  • Nov. 20, 2013, 1:41 PM
    • "Everyone is worried that they are not worried about anything because no one else is worried about anything," writes Morgan Stanley's Adam Parker of the stock market. "We are Bob Marley."
    • Wrongly bearish for 2012 and early this year, Parker changed his tune in March, but the market has run well past his end-of-year forecast. He's not ready to ring a bell; instead Parker's waiting for evidence of excessive corporate spending and risk-taking as signaling a top. Right now though, companies remain in cost-cutting mode and have been prudent about mergers.
    • “We conclude that we can’t be at the top of the cycle until risk to earnings grows, and that won’t happen until hubristic behavior accelerates and debt is on the doorstep of having to be refinanced, ostensibly at higher rates or in a less available market."
    • Broad large-cap ETFs: PRF, VV, SCHX, JKD, EQL, EEH, SPXH, TRSK, FSE, PXLC, FSU, FWDD, ALTL
    | Nov. 20, 2013, 1:41 PM
  • Nov. 18, 2013, 2:10 PM
    • Set for liquidation on November 22:
    • FactorShares 2X: Oil Bull/S&P 500 Bear ETF (FOL), FactorShares 2X: S&P 500 Bull/T-Bond Bear ETF (FSE), FactorShares 2X: S&P 500 Bull/USD Bear ETF (FSU), FactorShares 2X: T-Bond Bull/S&P 500 Bear ETF (FSA), FactorShares 2X: Gold Bull/S&P 500 Bear ETF (FSG).
    • The strategies - serving up spread bets between the S&P 500 and oil, bonds, the dollar, and gold - won plaudits for their sophistication, but failed to attract much in the way of assets.
    | Nov. 18, 2013, 2:10 PM | 1 Comment
  • Nov. 13, 2013, 12:14 PM
    • "Equities are roughly linear, debt isn't," reminds Citi's Matt King as he warns of a massive debt bubble. He posts a chart (slide 4 of presentation) of Lehman's stock price vs. bond price in the time leading up to the collapse - the stock price declined steadily over a 2-year period, while the bond trundled along until it went from about 70 cents to the dollar to zero in an instant.
    • Developed economies are as dependent on credit growth as they ever were, he argues, and the debts of the last cycle have not been written off, but instead covered up. What's more the "illness" of credit dependence has spread to emerging markets.
    • Conclusion: "Buy the best seats, but sit near the exit," another way of saying he prefers uncrowded high beta trades (stocks) to crowded low beta trades (fixed income).
    • Relevant ETFs: PRF, VV, SCHX, JKD, EQL, EEH, TRSK, SPXH, FSE, PXLC, FSU, FWDD, ALTLAGG, BOND, BND, BSV, BIV, BLV, SCHZ, LAG, SAGG, ILTB, ISTB, GBF, GVI, MINC, FWDB, GIY
    | Nov. 13, 2013, 12:14 PM | 1 Comment
  • Mar. 3, 2011, 5:39 AM

    Interactive Brokers (IBKR) surprised the investment world yesterday when it announced it was providing commission-free trading of the newly launched suite of FactoShares. The ETFs allow investors to access daily leveraged spread trades pairing the S&P 500 and common asset classes like T-Bonds (FSE) (FSA), the USD (FSU), Oil (FOL) and Gold (FSG).

    | Mar. 3, 2011, 5:39 AM | 1 Comment
FSU Description
FactorShares 2X: S&P500 Bull/USD Bear (FSU) is a leveraged spread ETF designed for investors who believe large-cap U.S. equities will increase in value relative to the international value of the U.S. Dollar in one day or less.  FSU seeks to track approximately +200% of the daily return of the S&P 500® Non-U.S. Dollar Index (before fees and expenses) by primarily establishing a leveraged long position in the E-mini S&P 500 Stock Price Index™ Futures and a leveraged short position in the U.S. Dollar Index® Futures
See more details on sponsor's website
Country: United States
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