iShares Core S&P Total U.S. Stock Market ETFNYSEARCA
Nov. 11, 2015, 8:39 AM
- Following BlackRock's (NYSE:BLK) move to cut the price of its iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) to just three basis points - below that of Vanguard's Total Stock Market ETF (NYSEARCA:VTI) at five bps and Schwab's (NYSE:SCHW) U.S. Large-Cap ETF (NYSEARCA:SCHX) at four bps - Schwab says it will trim SCHX's expense ratio by one basis point to match the iShares cost (timing uncertain).
- Schwab spokesman Greg Gable says the company will also consider a cut in the U.S. Broad Market ETF (NYSEARCA:SCHB), which is currently at four basis points.
- Previously: ETF price wars: BlackRock slashes prices on Core iShares products (Nov. 10)
Nov. 10, 2015, 7:26 AM
- Among the changes to BlackRock's (NYSE:BLK) iShares Core product suite is the cutting of expense ratios: ITOT down four basis points to 0.03%, IUSG down two basis points to 0.07%, IUSV down two basis points to 0.07%, IEMG down two basis points to 0.16%, IEUR down two basis points to 0.12%, IPAC down two basis points to 0.12%, IUSB down three basis points to 0.12%.
- In addition to the now bare-boned fee for the iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT), the fund will begin tracking the S&P Total Market Index, effective Dec. 18. This will broaden its exposure with more than 2K additional small-cap and micro-cap stocks.
- Added to the core series is the iShares Core International Aggregate Bond ETF (NYSEARCA:IAGG).
Jun. 10, 2014, 12:43 PM
- Introduced in October 2012, the iShares core lineup will double in size on June 12th with the addition of 10 new and existing iShares funds.
- Four new ETFs will roll out on Thursday to join the core lineup: iShares Core Dividend Growth ETF (DGRO), iShares Core MSCI Europe ETF (IEUR), iShares Core MSCI Pacific ETF (IPAC) and iShares Core GNMA Bond ETF (IUSB).
- Six of the funds are existing and will undergo name and some will also see ticker changes: iShares Russell 3000 Growth ETF (IWZ) will become iShares Core U.S. Growth ETF under the ticker IUSG; iShares Russell 3000 Value ETF (IWW) will become iShares Core U.S. Value ETF under the ticker IUSV; iShares High Dividend ETF (HDV) will become iShares Core High Dividend ETF and continue to trade under HDV; iShares Credit Bond ETF (CFT) will become iShares Core U.S. Credit Bond ETF under the ticker CRED; iShares U.S. Treasury Bond ETF (GOVT) will become iShares Core U.S. Treasury Bond ETF and continue to trade under GOVT; iShares Barclays GNMA Bond ETF (GNMA) will become iShares Core GNMA Bond ETF and continue to trade under GNMA.
- The original core iShares ETFs these funds will join: ITOT, IVV, IJH, IJR, IXUS, IEMG, IEFA, AGG, ILTB, ISTB
Jan. 15, 2014, 11:47 AM
- Invesco's (IVZ) ETF management group, PowerShares, announced the launch of the NYSE Century Portfolio ETF (NYCC) earlier today.
- By tracking companies that have been incorporated in the U.S. for at least 100 years, with a market cap of over a billion dollars and are currently trading on the NYSE or NASDAQ, this fund offers exposure to some of the strongest institutions available.
- Other multi-cap U.S. ETFs: VTI, SCHB, ITOT, ONEQ, IYY, NYC, EXT, FVI, EUSA, FNDB, TOTS
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. 4, 2013, 3:29 PM
- Sign of the times: Bill Gross' Total Return Fund (the ETF version is BOND) is no longer the world's largest mutual fund as fixed-income loses favor and indexing makes a comeback. With $251B in AUM, Vanguard's Total Stock Market Index Fund (ETF version is VTI) has moved to the #1 spot.
- The Pimco fund is suffering its worst year of redemptions ever, losing $4.4B in October for a YTD total of $33.2B (it's down about another $4B due to market losses). Bond mutual funds in total have seen $117B in redemptions in the four months ended September vs. $35B of inflows into stock funds (earlier: October is 3rd best month ever for stock fund inflows).
- Total stock market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.
- Broad bond market ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC.
Nov. 4, 2013, 11:41 AM
- Estimated at $54B, according to TrimTabs, stock fund and ETF inflows in October were the 3rd largest monthly total on record. Bond funds lost $26B during the same period, the worst month since 2000.
- Separate data from BlackRock shows a rush of money entering funds following a deal to end the government shutdown - $24.3B of the $32.9B of money entering ETFs worldwide during the month occurred after October 17.
- Total market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.
Nov. 1, 2013, 12:03 PM
- Investors poured another $12.4B into global equity funds in the week ended Wednesday, with BAML's Michael Hartnett saying another $8B-$9B of inflows over the next two weeks would trigger a contrarian sell signal in his firm's flow-based model.
- This would coincide with BAML's Bull & Bear Index, which is getting a little to bullish for comfort. Fund manager cash levels were at 4.4% in October. A dip below 4% in November, says Hartnett, would trigger a bright red Sell alert.
- Stock index ETFs: SPY, QQQ, SH, DIA, IWM, VTI, TZA, TNA, SSO, SDS, PSQ, IWC, IVV, SPXU, UWM, SPLV, UPRO, VOO, QID, MDY, VB, SPXS, PRF, SPXL, DOG, TQQQ, IJR, RSP, DXD, SQQQ, SLY, QLD, PRFZ, MVV, RWJ, RWL, IJH, EPS, VO, SCHB, TWM, URTY, SCHA, SDOW, UDOW, VXF, USMV, DDM, EZM, MIDU, VV, RWM, RWK, IWV, SRTY, SCHX, IWB, ITOT, ONEQ, PDP, UMDD, IWR, OEF, SPHB, IYY, MGC, NY, SAA, SCHM, BXUB, DWAS, QQEW, VTWO, XLG, NYC, MIDZ, MZZ, QQQE, QUAL, DIM, IVOO, JKD, SBB, VONE, EXT, RSCO, CZA, FNX, EQL, JKJ, FVI, SDD, EUSA, ROLA, PZI, FDM, SFLA, TRND, RTLA, XMLV, THRK, XSLV, JKG, BXUC, SMDD, WMCR, MYY, FYX, QQXT, VIOO, TRNM, ONEK, EEH, SPXH, TRSK, IWL, VTHR, EWRS, TWOK, FSE, FSU, PXLC, EWRI, PWO, TOTS, SMLV, BXDB, EWRM, LGLV, UWC, TNDQ, FNDB, FWDD, ALTL, FMK, PXSC, SIZE, PXMC, PIQ, TWQ
Oct. 31, 2013, 7:08 AM
- Still coming to grips with the slightest hawkish twist to the FOMC statement yesterday afternoon, S&P 500 (SPY) futures are down 0.25% and the Nasdaq 100 (QQQ) is off 0.45%. Facebook soared after a big earnings beat last night, then actually turned red during the earnings call, but is now higher by 3% in the premarket.
- Europe opened to the downside, but is now mostly higher, and Asia was solidly lower overnight.
- Treasury yields have regained some of their composure, the 10-year yield falling 3 basis points to 2.51%, after shooting higher yesterday afternoon post-statement. Gold's off 1% to $1,.335 per ounce.
- ETFs: SPY, QQQ, SH, DIA, IWM, VTI, TZA, TNA, SSO, SDS, PSQ, IWC, IVV, SPXU, SPLV, UWM, UPRO, VOO, QID, MDY, VB, SPXS, PRF, SPXL, DOG, TQQQ, IJR, RSP, DXD, SQQQ, SLY, QLD, PRFZ, MVV, RWJ, RWL, IJH, EPS, VO, SCHB, TWM, URTY, SCHA, SDOW, UDOW, VXF, USMV, DDM, EZM, VV, MIDU, RWM, RWK, IWV, SRTY, SCHX, ITOT, IWB, ONEQ, PDP, IWR, UMDD, OEF, SPHB, IYY, MGC, NY, SAA, SCHM, BXUB, DWAS, QQEW, VTWO, XLG, NYC, MIDZ, MZZ, QUAL, QQQE, DIM, IVOO, JKD, VONE, SBB, EXT, RSCO, CZA, FVI, FNX, JKJ, EQL, EUSA, PZI, SDD, FDM, ROLA, SFLA, RTLA, TRND, XMLV, THRK, XSLV, JKG, BXUC, SMDD, WMCR, MYY, FYX, QQXT, VIOO, EEH, TRNM, ONEK, SPXH, TRSK, IWL, EWRS, VTHR, TWOK, FSE, PXLC, EWRI, FSU, SMLV, BXDB, PWO, TOTS, EWRM, LGLV, TNDQ, UWC, FWDD, ALTL, FMK, FNDB, PXSC, PXMC, SIZE, PIQ, TWQ.
Oct. 29, 2013, 1:04 PM
- $277B in fresh cash has flowed into equity ETFs and stock mutual funds YTD, according to TrimTabs, putting 2013 on pace to surpass 2000's $324B in inflows.
- Three of the largest single-month inflow totals on record occurred this year - $66.3B in January, $55.3B in July, and $46B thus far in October.
- Total market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.
Oct. 24, 2013, 8:18 AM
- Bears vanish in the AAII Investor Sentiment Survey, falling 7.3 points to just 17.6% in the week ending October 23. The last time it was this low was in early January 2012, not the worst time in the world to buy.
- Bulls were 2.9 points higher to 49.2%.
- At the August low (and when the 10-year Treasury rate was 50 basis points higher), bears were at 42.9%, bulls at 29%.
- Total market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.
Oct. 22, 2013, 3:28 PM
- With Nouriel Roubini now preferring the moniker "Dr. Realist" to "Dr. Doom," and David Rosenberg turning optimistic, who's left to sell?
- "If you picture a small child throwing a stone upward and out over the edge of the Grand Canyon, you’ll get a general idea of the market trajectory that we expect over the completion of this cycle," says John Hussman, remaining faithful to his fans.
- He notes the S&P 500 price/revenue ratio of 1.6 is double the pre-bubble historical norm of 0.8. At the 1987 peak, the ratio was less than 1. At the 1965 and 1972 highs, it never breached 1.3.
- "Also, take care to note that the price/revenue multiple is twice the historical median – not twice the level where bear markets have typically ended. No, the price/revenue ratio is closer to three times that level."
- Total U.S. stock market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.
Oct. 20, 2013, 8:56 PM
- It's no surprise fixed income is a hated asset class, but how much so? Just 4% of respondent's in Barron's Big Money poll of money managers are bullish on the sector, with 85% bearish. By contrast, 79% have a positive view of equities vs. 7% negative.
- Not surprising given negative feelings about the bond market, the utility sector garners the most votes (32%) for being the worst expected performer over the next year. Taking first place for the sector expected to perform best is - what else - tech.
- WIth 91% of managers in agreement, Sears (SHLD) tops the list of most-hated stocks. Next at 87% is Tesla (TSLA). After that with 80% Is Herbalife (HLF), followed closely by ZIllow (Z) and Netflix (NFLX).
- Apple (AAPL) and Berkshire Hathaway (BRK.A, BRK.B) top the list of most-loved stocks with 70%, followed by Citibank (C) at 60%.
- Broad fixed-income ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC.
- Broad equity exposure ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.
- Utility ETFs: IDU, PUI, XLU, VPU, RYU, FXU, PSCU, UPW, SDP, UTLT.
Oct. 4, 2013, 3:28 PM
- "Year-end risk is to the upside not the downside," says BAML chief investment strategist Michael Hartnett and team. "The current brief de-risk on Wall Street will likely be followed by a truce in Washington and renewed stock market strength."
- Hartnett sees little to disturb the "Great Rotation" from fixed-income to equities that began about a year ago (see chart of fund inflows). Outflows from stock funds since the D.C. staring contest began are modest compared to the gusher amid the 2011 showdown. "Investors have seen this all before. Call them jaded."
- Finally, he notes the Fed "put" - no chance the central bank tapers amid a tanking stock market.
- The team continues to recommend overweight positions in stocks, high-yield bonds, and emerging markets.
- Relevant ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT, AGEM, EEM, ADRE, SCHE, GMM, VWO, DEM, EWEM, PXH, PIE, EWX, DGS, EMLB, EDC, EET, EMSA, EDZ, EEV, EUM, TLTE, HILO, EELV, EEMA, EMFT, DVYE, FEMS, EVAL, EGRW, EMCR, IEMG, EMDR, EEME, HYG, JNK, PHB, HYLD, HYS, SJB, UJB, SJNK, ANGL, BSJG, BSJH, BSJI, QLTC, XOVR.
Sep. 27, 2013, 9:49 AM
- Seeing weaker returns for fixed income going forward following a 30-year bull market, Fidelity is boosting equity exposure in its target-date retirement funds. For investors under the age of 67, allocations to equities will rise as much as 1500 basis points.
- The move to a more aggressive stance brings Fidelity more inline with that of 401(k) plan competitors like Vanguard and T. Rowe Price (together the three control about 75% of industry assets).
- Fidelity's changed mix will have a 90% allocation to stocks until workers reach 48 vs. 75% now. By the time they reach age 84, about 75% will be in fixed income and cash.
- Relevant ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC, IYY, VTI, EXT, TOTS, EUSA, ITOT.
Sep. 19, 2013, 8:52 AM
- The Fed ins't worried about inflation, and wants "growth first, growth second, and growth third," says David Tepper, opining on the non-taper.
- Toss in the stabilization in Europe, the "apparent" pickup in China, and a reasonable U.S. economy, and it's a "pretty favorable environment for the markets."
- Broad equity ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.