Fri, Jun. 17, 6:16 PM
- SPDR Euro STOXX 50 ETF (NYSEARCA:FEZ) $0.8202. 30-Day Sec yield of 3.21%.
- SPDR S&P International Consumer Discretionary Sector ETF (NYSEARCA:IPD) $0.4703.
- 30-Day Sec yield of 2.43%.
- SPDR S&P International Consumer Staples Sector ETF (NYSEARCA:IPS) $0.4103. 30-Day Sec yield of 1.94%.
- SPDR S&P International Energy Sector ETF (NYSEARCA:IPW) $0.2450. 30-Day Sec yield of 4.73%.
- SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) $0.3898. 30-Day Sec yield of 2.83%.
- SPDR S&P International Financial Sector ETF (NYSEARCA:IPF) $0.3279. 30-Day Sec yield of 3.33%.
- SPDR S&P International Technology Sector ETF (NYSEARCA:IPK) $0.2824. 30-Day Sec yield of 1.29%.
- SPDR S&P International Industrial Sector ETF (NYSEARCA:IPN) $0.3497. 30-Day Sec yield of 1.77%.
- Payable June 29; for shareholders of record June 21; ex-div June 17. 30-Day Sec yield as of 6/16/16.
Fri, Mar. 18, 3:16 PM
- SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) - quarterly distribution of $0.1613. 30-Day Sec yield of 2.50% (as of 3/16/2016).
- SPDR S&P International Dividend ETF (NYSEARCA:DWX) - quarterly distribution of $0.0654. 30-Day Sec yield of 6.11% (as of 3/16/2016).
- SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) - quarterly distribution of $0.3496. 30-Day Sec yield of 2.86% (as of 3/16/2016).
- SPDR STOXX Europe 50 ETF (NYSEARCA:FEU) - quarterly distribution of $0.2534. 30-Day Sec yield of 3.24% (as of 3/16/2016).
- SPDR Euro STOXX 50 ETF (NYSEARCA:FEZ) - quarterly distribution of $0.0640. 30-Day Sec yield of 2.64% (as of 3/16/2016).
- SPDR S&P International Consumer Discretionary Sector ETF (NYSEARCA:IPD) - quarterly distribution of $0.0794. 30-Day Sec yield of 2.16% (as of 3/16/2016).
- SPDR S&P International Consumer Staples Sector ETF (NYSEARCA:IPS) - quarterly distribution of $0.1597. 30-Day Sec yield of 1.86% (as of 3/16/2016).
- SPDR S&P International Energy Sector ETF (NYSEARCA:IPW) - quarterly distribution of $0.1305. 30-Day Sec yield of 4.88% (as of 3/16/2016).
- SPDR S&P International Financial Sector ETF (NYSEARCA:IPF) - quarterly distribution of $0.0801. 30-Day Sec yield of 2.92% (as of 3/16/2016).
- SPDR S&P International Technology Sector ETF (NYSEARCA:IPK) - quarterly distribution of $0.0228. 30-Day Sec yield of 1.00% (as of 3/16/2016).
- SPDR S&P International Industrial Sector ETF (NYSEARCA:IPN) - quarterly distribution of $0.0501. 30-Day Sec yield of 1.73% (as of 3/16/2016).
- All are payable Mar. 31; for shareholders of record Mar. 24; ex-div Mar. 22.
Mon, Feb. 8, 2:24 PM
- It is the European banks and contagion concerns that are freaking out the markets today - not just the Fed, China and crude oil - according to David Rosenberg, noting that some of the European banks are trading at 2008 crisis levels after the group has tumbled 18% YTD vs. 11% for the STOXX 600 index.
- European financial firms are taking a beating amid fears of "a chronic profitability crisis that makes it impossible for banks to build up barely-adequate capital bases," WSJ reports.
- Deutsche Bank (DB -9.8%) is down another ~10%, bringing its YTD loss to nearly 40% while its valuation has fallen to ~30% of book value, and its credit default swaps spiked to their highest levels since 2012.
- News of major withdrawals out of Credit Suisse (CS -4.2%) caused its shares to sink 11% last week, hitting a 24-year low, and Santander (SAN -6.2%), BBVA (BBVA -5.4%), and UniCredit (OTCPK:UNCFF -5.5%) are down to lows seen during the last eurozone financial crisis.
- "Oil and the flatter yield curve alone do not explain the 12% plunge we have seen in S&P Financials so far this year," Rosenberg says, adding that BofA (BAC -6.1%), Citigroup (C -6.2%) and Wells Fargo (WFC -3.5%) all briefly touched 52-week lows last week - "an ominous signpost."
- ETFs: XLF, FAS, FAZ, UYG, VFH, PSP, IYF, EUFN, BTO, IPF, IAI, IYG, SEF, FNCL, FXO, PFI, IXG, PEX, RYF, FINU, KCE, RWW, KBWC
- Earlier: Markets extend two-day rout; gold gets 3% boost
Dec. 18, 2015, 5:22 PM
Sep. 18, 2015, 1:50 PM
Jun. 19, 2015, 4:00 PM
Mar. 20, 2015, 2:01 PM
Feb. 3, 2015, 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.
Dec. 19, 2014, 1:41 PM
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
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
Jan. 13, 2014, 5:09 AM
- The Basel Committee for Banking Supervision has eased the way banks will have to report leverage ratios, or the amount of capital they hold against their loans and other assets.
- The regulations will not force banks to count 100% of their off-balance-sheet assets, such as much of their exposure to derivatives, and guarantees and letters of credit.
- That alterations will lower the need for banks to sell assets or raise capital to meet the Basel leverage-ratio requirements, which might be set at 3% or higher from 2018.
- The Stoxx Europe 600 Banks index is +1.5%.
- Major banks: RBS, HSBC, BCS, DB, CS, UBS, GS, JPM, C, MS, WFC, USB, BK, SAN, BBVA, LYG, NMR
- ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, EUFN, IPF, SEF, IAT, IYG, PFI, FXO, IXG, KBWB, KME, RKH, QABA, KRU, FINU, RWW, KBWR, RYF, FNCL, PSCF, AXFN, KRS, FINZ, EMFN, KBWX
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
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
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
Jun. 20, 2013, 5:36 AMEurozone 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. | Jun. 20, 2013, 5:36 AM
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