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SPDR S&P International Financial Sector ETF (IPF)

- NYSEARCA
  • Fri, Mar. 20, 2:01 PM
    • SPDR S&P International Financial Sector (NYSEARCA:IPF) announces quarterly distribution of $0.103.
    • 30-Day Sec yield of 2.21% (as of 03/18/2015).
    • Payable Apr 01; for shareholders of record Mar 24; ex-div Mar 20.
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  • Tue, Feb. 3, 12:35 PM
    • Among those cut is the SPDR Barclays Capital Aggregate Bond (NYSEARCA:LAG), which now charges 0.1% per year, down from 0.21%, and making it more competitive with AGG and BND.
    • SSgA's (NYSE:STT) ten international ETFs - a group including IPD, IPW, and IPK - now have annual fees of 0.4% vs. 0.5% previously. The emerging markets ETFs' - including EDIV and GML - new expense ratios are 0.49%, down from 0.50-0.59% previously.
    • Some of the fee reductions are more dramatic: The SPDR 1500 Value Tilt ETF (NYSEARCA:VLU) and the SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) are cut to 0.12% from 0.35%, and the SPDR Russell 2000 Low Volatility ETF (NYSEARCA:SMLV) is cut to 0.12% from 0.25%.
    • Others with cuts: ITE, SST, TLO, ITR, LGLV, LWC, SCPB, IPE, MOYG, MOYV, SLY, SLYG, SLYV, SPYG, SPVV, JPP, JSC, MTK, GWX, IPF, IPN, PS, IPU, IRV, IRY, IST, BIK, EEMB, GAF, GMF, GML, GUR, IBND.
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  • Dec. 19, 2014, 1:41 PM
    • SPDR S&P International Financial Sector ETF (NYSEARCA:IPF) announces quarterly distribution of $0.379.
    • 30-Day Sec yield of 2.32% (as of 12/17/2014).
    • Payable Jan 2; for shareholders of record Dec 23; ex-div Dec 19.
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  • Feb. 19, 2014, 12:51 PM
    • Invesco (IVZ) PowerShares announced that it will be shutting down 4 ETFs that had failed to gain traction in order to make way for new funds.
    • The PowerShares KBW International Financial Portfolio (KBWX), MENA Frontier Countries Portfolio (PMNA), Dynamic MagniQuant Portfolio (PIQ) and Lux Nanotech Portfolio (PXN) will all close at the end of trading today.
    • In totally these ETFs each had at least 3 years of trading, with PXN launching in 2005, but together had only $67 million in total assets.
    • Related ETFs:  PDP, QUAL, PWO, SIZE, IPF, IXG, AXFN, GAF
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  • Jan. 27, 2014, 2:54 PM
    • “It is now obvious to us that the continuing objective of the Obama administration and the U.S. Attorney General is to punish banks and finance," writes Daivd Kotok's Cumberland Advisors, explaining a decision to underweight the banks.
    • The firm previously had been overweight the regionals via the KRE and just two weeks added exposure to the larger lenders through the KBWB, but has quickly decided to reverse that move. "We were wrong" in thinking the "persecution" of the banks was near over, says Cumberland.
    • "The investment strategy we pursued for our clients in this case was not to confront the U.S. Attorney General with an overweight position in a sector that he views as adversarial.”
    • Related ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, PSP, IYF, EUFN, IAI, KIE, IPF, IAT, SEF, IYG, IAK, PFI, FXO, IXG, KBWB, PEX, KME, RKH, QABA, FINU, KCE, KRU, RWW, KBWR, FNCL, RYF, KBWI, PSCF, FEFN, AXFN, KBWP, KRS, FINZ, EMFN, KBWC, KBWX
    | 6 Comments
  • Jan. 13, 2014, 5:09 AM
    | 2 Comments
  • Dec. 22, 2013, 2:41 AM
    • The Commodity Futures Trading Commission has extended some its swaps regulations to foreign financial firms that do business in the U.S., including for clearing and data reporting requirements connected to transactions.
    • However, these are areas that overseas authorities believe shouldn't fall under U.S. rules, and the CFTC's decision could lead to further criticism of American overreach.
    • ETFs: EUFN, IPF, IXG, AXFN, EMFN, KBWX
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  • Nov. 27, 2013, 1:42 PM
    • American Express (AXP +0.4%), Discover (DFS +0.3%), U.S. Bancorp (USB +0.2%), and Wells Fargo (WFC -0.1%) are best positioned to be allowed large capital returns (about 70%) after the Fed's early 2014 stress tests, says Credit Suisse's Moshe Orenbuch, while Ciitgroup (C +0.2%) and PNC Financial (PNC +0.9%) are likely to show the biggest improvement from last year.
    • Overall, his team expects large cap bank capital returns to be 65% next year vs. about 48% in 2013. The median dividend payout ratio is expected at 22%, level with this year.
    • Orenbuch notes the CCAR will be tougher this time around - notably by assuming a global, not just domestic meltdown, and assuming a significant reversal in the property market - with commercial real estate exposure particularly harshly judged.
    • Balanced against that and likely winning, however, are far stronger capital positions of the banks, says Orenbuch.
    • Financial and banking ETFs: FAS, XLF, FAZ, UYG, KRE, KBE, VFH, IYF, IPF, SEF, IAI, IAT, IYG, FXO, PFI, IXG, KBWB, RKH, QABA, KCE, FINU, RWW, KRU, RYF, KBWR, AXFN, PSCF, KRS, FNCL, FINZ, KBWX, KBWC
    | 1 Comment
  • Sep. 25, 2013, 4:36 AM
    • The EU's top 42 banks need a further €70.4B ($95B) of capital to comply with Basel III core-capital regulations, the European Banking Authority estimates.
    • By the end of last year, the combined gap had been cut by €29.1B compared with six months earlier.
    • The rules, which are due to come into effect in 2019, require that banks hold a core-capital buffer of at least 7% of their assets on a risk-weighted basis.
    • Banks will also need to maintain a leverage ratio of 3% of their total non risk-weighted assets from 2018. The shortfall for this requirement is €106.6B.
    • Banks include: BCS, HBC, DB, LYG, RBS, SAN
    • ETFs: AXFN, KBWX, IPF, IXG, EUFN
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  • Jun. 20, 2013, 5:36 AM
    Eurozone finance ministers are due to decide today when and how the European Stability Mechanism (ESM) can be used to bail out distressed banks, with the issue one of the vital elements in creating a European banking union. The Eurogroup will decide how much a government would have to contribute to a bailout in its own country, who would take haircuts, and whether the ESM would become a shareholder in an institution it rescued.
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  • Jun. 20, 2013, 4:47 AM
    The British banking sector needs to formulate plans to raise a combined £13.4B in order to meet Basel III capital requirements, the Bank of England's Prudential Regulation Authority said today. Banks had a total shortfall of £27.1B at the end of 2012 and have already drawn up programs to raise £13.7B, although some of the proposals need regulatory approval. RBS's (RBS) shortfall was £13.6B, Lloyds' (LYG) was £8.6B and Barclays (BCS) was £3B. However, the U.K. units of Banco Santander (SAN), HSBC (HBC) and Standard Chartered (SCBFF.PK) were in surplus. (PR)
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  • Mar. 11, 2013, 3:45 AM
    Europe's repo market dropped 11.9% to €5.6T in 2012, a report shows, suggesting that many banks are still relying on cheap loans from central banks rather than on each other and on investors for short-term financing. Report author Richard Comotto says the larger concern is that the repo market is contracting at a time when authorities would like to see the financial sector reduce its reliance on central banks.
    | 1 Comment
  • Jan. 7, 2013, 5:02 AM
    "New, relaxed (Basel) liquidity rules suggest economies and banks may be weaker than thought," tweets Reuters' James McGeever. "And will new rules spur bank lending? Jury out on that." Markets don't seem to be too worried, though, with Stoxx Europe 600 Banks index +1.5%. (Previously)
    | 1 Comment
  • Jan. 7, 2013, 4:04 AM
    Credit Agricole (CRARF.PK) leads major European banks higher, rising 4.7% after regulators ease Basel liquidity rules, followed by Deutsche Bank (DB) +4.3%, Unicredit (UNCFY.OB) +4.3% and Barclays (BCS) +3.7%. Also, SocGen (SCGLF.PK) +3.4%, HSBC (HBC) +0.75%, Lloyds (LYG) +1.9%, Santander (SAN) +2%, RBS (RBS) +1.5%, UBS (UBS) +2% and Credit Suisse (CS) +3.4%. Italy's Banca Monte dei Paschi di Siena (BMDPY.PK) +15%.
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  • Jan. 1, 2013, 11:40 AM
    Financial services ETFs (XLF, IPF, IXG led all sector ETFs in 2012, followed by consumer discretionary (XLY, IPD, RXI), healthcare (XLV, IRY, IXJ) and tech (XLK, IPK IXN). Utilities (XLU, IPU, JXI) and telecom (IST, IXP) underperformed.
    | Comment!
  • May. 17, 2012, 7:54 AM
    Fitch's estimate of $566B in additional capital needs for the world's largest banks is likely to create a tradeoff for the lenders. A better capitalization ratio could lead to lower risk premiums, but more capital means ROE will suffer, maybe by more than 20%, thus reducing the bank's ability to attract investment.
    | 3 Comments
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IPF Description
The SPDR® S&P® International Financial Sector ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S. BMI Financials Sector Index, an index that tracks the financial sector of developed global markets outside the United States. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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