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Direxion Daily Latin America 3x Bull Shares ETF (LBJ)

- NYSEARCA
  • Tue, Apr. 21, 11:37 AM
    • In the case of eight of the leveraged funds, the share prices have gotten too cheap and reverse splits are necessary: BRZU, YANG, GASL, MIDZ, LBJ, RUSS, SOXS, TECS. The first three ETFs are slated for 1:10 reverse splits, and the last five 1:4.
    • For the other 11 leveraged funds, the share prices have gotten too pricey: MIDU, INDL, CURE, RETL, SOXL, FAS, TECL, SPUU, MDLL, SMLL, SYTL. All are 4:1 splits, except SYTL which is 2:1.
    • All will begin trading on a post-split basis on May 20.
    • Source: Press release
    | 2 Comments
  • Fri, Jan. 2, 3:01 PM
    • A continued retreat in commodity prices is as good of an excuse as any for a 3% decline in Brazil's Bovespa (EWZ -3.5%), but Mexico is down 2% after its manufacturing PMI rose to a 2-year high of 55.3. EWW -2.6%
    • PNC's Bill Adams on oil and Mexico: "The global decline in oil prices is probably a net tailwind for Mexico’s 2015 economic outlook: Oil production is very important to Mexican tax revenues, but far less so for the country’s trade balance or overall economic growth.”
    • The iShares S&P LatAm 40 Index (ILF -2.7%)
    • ETFs: ILF, LBJ, GML, EEML, FLN
    | Comment!
  • Dec. 11, 2014, 12:36 PM
    • A large net importer of oil, Chile (NYSEARCA:ECH) is the largest Latin American beneficiary of plunging crude prices, says Credit Suisse, upgrading the country to Overweight in its 2015 outlook for Latin America. Columbia (GXG, COLX, ICOL), however, will see a strong negative impact on its trade and fiscal accounts, and is downgraded to Market Weight.
    • Cut to Underweight is Brazil (NYSEARCA:EWZ) even after the recent correction, thanks to poor GDP and earnings outlook, fiscal tightening, forex risk, and a still-pricey valuation.
    • Mexico (NYSEARCA:EWW) remains Market Weight as strong economic fundamentals are balanced out by full valuations.
    • The team remains Underweight Peru (NYSEARCA:EPU).
    • ETFs: ILF, LBJ, GML, EEML, FLN
    | 2 Comments
  • Oct. 27, 2014, 7:12 AM
    | Comment!
  • Oct. 26, 2014, 8:41 PM
    • Incumbent Dilma Rousseff is re-elected to a second term as Brazil's president, winning about 51% of the votes, according to the official count. It could be bad news for Brazilian stocks, or just maybe her victory was already priced in.
    • The Bovespa had been about 2014's strongest major global market through roughly August as polls showed support evaporating for Rousseff, but the index has slumped more than 15% over the past two months as a victory by her more conservative challenger Aecio Neves looked less and less likely.
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, BRZS, DBBR, FBZ
    • Among individual stocks: Petrobas (NYSE:PBR), Vale (NYSE:VALE), Itau Unibanco (NYSE:ITUB), Banco Bradesco (NYSE:BBD), Gol Linhas (NYSE:GOL).
    • Broad Latin American ETFs: ILF, LBJ, GML, EEML, FLN
    | 8 Comments
  • Oct. 24, 2014, 11:11 AM
    • An outlier of a poll shows opposition candidate Aecio Neves with a sizable (though shrinking) lead over President Dilma Rousseff. Other polls have consistently shown Rousseff with a lead of six to eight percentage points. Still to come is big debate between the two contenders tonight. The election is on Sunday.
    • The credibility of opinion polling is somewhat suspect in Brazil, with different surveys showing wildly different results, not to mention all the major pollsters failing to capture the extent of Neves' support ahead of the first round of elections earlier this month.
    • The Bovespa is up 3.6%. EWZ +5.3%
    • Petrobas (PBR +6.3%), Vale (VALE +4.4%), Itau Unibanco (ITUB +6.1%), Banco Bradesco (BBD +5.5%), Gol Linhas (GOL +6.6%)
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, BRZS, DBBR, FBZ
    • The iShares S&P Latin America 40 (ILF +3%)
    • Broad South American ETFs: ILF, LBJ, GML, EEML, FLN
    | 3 Comments
  • Oct. 13, 2014, 11:30 AM
    • Presidential challenger Aecio Neves over the weekend received the endorsement of Marina Silva - the 3rd-place finisher in the first election round - and the latest poll shows Neves outgunning incumbent Dilma Rousseff by 52.4% to 36.7%.
    • The runoff election is set for October 26.
    • The Bovespa is soaring, up 4.4%, led by Petrobas (PBR +9%), Vale (VALE +5.2%), GOL Linhas Aereas (GOL +6.4%), Banco Bradesco (BBD +8.8%), and Itau Unibanco (ITUB +8.7%).
    • The iShares MSCI Brazil Index (EWZ +5.1%).
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, BRZS, DBBR, FBZ
    • The iShares S&P Latin America 40 Index (ILF +3.7%).
    • Broad South American ETFs: ILF, LBJ, GML, EEML, FLN
    | 7 Comments
  • Sep. 16, 2014, 12:14 PM
    • "Investors are watching election polls very closely, and people are betting that Dilma’s support is losing momentum," says one fund manager as the Bovespa jumps 3.5%. The latest polls suggest opposition candidate Marina Silva has a 70% chance of winning, says Nomura's Tony Volpon.
    • Individual names: Petrobas (PBR +8.1%), Vale (VALE +1.5%) - even amid the "End of the Iron Age", Itau Unibanco (ITUB +5.6%).
    • The iShares Brazil MSCI Index (EWZ +4%).
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    • The iShares S&P LatAM 40 Index (ILF +3.1%)
    • Broad LatAm ETFs: ILF, LBJ, GML, EEML, FLN
    • Broad emerging markets: EEM +1.5%, VWO +1.6%
    | Comment!
  • Jun. 27, 2014, 11:21 AM
    | Comment!
  • Apr. 4, 2014, 12:50 PM
    • With the Nasdaq and Russell 2000 each off 2% and the S&P 500 down 0.6%, what's working today? Emerging markets (EEM +0.7%), particularly Latin America (ILF +2.2%), particularly Brazil, where the weight of a year-long rate hike cycle looks to be coming to a close just as monetary tightening gets underway in the States.
    • Up 2.6% today, the iShares MSCI Brazil Index (EWZ) is ahead more than 20% since the start of February.
    • Brazil's banks: Banco Bradesco (BBD +2.8%), Banco Santander Brasil (BSBR +2.9%), Itau Unibanco (ITUB +2%).
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRZU, BRAF, UBR, BRZS, DBBR, FBZ
    • LatAm ETFs: AND, ILF, LBJ, GML, LATM, EEML, FLN
    | 8 Comments
  • Apr. 10, 2013, 4:42 PM
    Direxion launches two triple-leveraged single-country ETFs today - Daily Brazil Bull 3X Shares (BRZU) and Daily South Korea Bull 3X Shares (KORU). Both the funds have an expense ratio of 0.95%, much higher than counterparts FKO and FBZ (0.80%) and EWY and EWZ (0.60%), but matching UBR (0.95%). The timing of the launch is interesting as both countries have struggled to perform recently, with iShares' Brazil fund EWZ -13.4% (last 12 months) and -2.4% (YTD). EWY (South Korea) is -6.2% (last 12 months) and -12.3% (YTD).
    | Comment!
  • Mar. 4, 2013, 8:53 AM
    Direxion Shares sets splits - regular or reverse, as necessary - on 16 triple-leveraged ETFs to put each fund's price at "a level more attractive to investors following several months of rallying equities market(s)." Those affected: ERY, YANG, EDZ, TECS, NUGT, FAZ, TZA, MIDZ, FAS, RETL, EDC, SPXL, DRN, LBJ, TYD, TNA.
    | Comment!
  • Apr. 17, 2012, 2:53 AM
    If China grows "only" 7.5% this year, Latin America will likely feel the pain, as China has become one of the largest trading partners for many Lat.Am. countries and has helped open Asia as an export market. In Brazil, exports to China have increased more than forty fold since 2000, growth that is likely unsustainable as China slows.
    | Comment!
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