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BLDRS Europe 100 ADR Index ETF (ADRU)

- NASDAQ
  • Dec. 5, 2014, 7:55 AM
    | Dec. 5, 2014, 7:55 AM | Comment!
  • Dec. 4, 2014, 1:24 PM
    | Dec. 4, 2014, 1:24 PM | 11 Comments
  • Dec. 4, 2014, 9:06 AM
    • The decision on the ECB's balance sheet target was "not unanimous," says Mario Draghi at his post-policy meeting press conference - code for the "Germans are not yet on board for full-scale QE."
    • Veterans of the EU debt crisis have seen this play before. The Germans balk, markets tank, Draghi works it a bit longer, the Germans balk some more, Draghi works it even more, the central bank eventually moves forward with additional stimulus.
    • Updated ECB staff projections: 2015 GDP growth of 1% vs. 1.6% three months ago. 2015 inflation of 0.7% vs. 1.3% three months ago.
    • We're currently in the tanking phase, with the Stoxx 50 (NYSEARCA:FEZ) now lower by 1.3%, led by Italy's (NYSEARCA:EWI2.4% and Spain's (NYSEARCA:EWP1.9% declines. Germany (NYSEARCA:EWG) is lower by 0.7%, and France (NYSEARCA:EWQby 1%.
    • The euro (NYSEARCA:FXE) surges higher, now up 0.6% at $1.2386.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, FEUZ
    • Previously: ECB stays on hold; Draghi press conference in 45 minutes
    | Dec. 4, 2014, 9:06 AM | 8 Comments
  • Nov. 27, 2014, 10:30 AM
    • Failure to reform and shield weaker members threatens to divide the euro zone, announced ECB President Mario Draghi today, warning of the dangers should fears that some might quit the euro be revived.
    • "Lack of structural reforms raises the specter of permanent economic divergence between members," said Draghi. "And insofar as this threatens the essential cohesion of the Union, this has potentially damaging consequences for all."
    • Annual price inflation in Germany slowed to 0.5% in November, its lowest in nearly five years. Spanish consumer prices also fell for the fifth straight month.
    • The euro is -0.1% at $1.2492.
    • ETFs: VGK, FEZ, IEV, EU, EPV, EUFN, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | Nov. 27, 2014, 10:30 AM | 2 Comments
  • Nov. 26, 2014, 5:10 AM
    • The European Central Bank will be able to gauge in the first quarter of next year whether it needs to start buying sovereign bonds to stimulate the euro zone economy, announced ECB Vice President Vitor Constancio this morning.
    • The new comments are the clearest indication yet to the exact timing of future QE.
    • The ECB has already begun buying covered bonds and ABSs, aiming to increase the size of its balance sheet to levels seen in early 2012 - around €1T higher than its level today.
    • The euro is -0.2% at $1.2455.
    • ETFs: VGK, FEZ, IEV, EU, EPV, EUFN, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | Nov. 26, 2014, 5:10 AM | Comment!
  • Nov. 24, 2014, 4:21 AM
    • European Commission President Jean-Claude Juncker is due to announce a €21B ($26B) fund this week in attempt to fix a persistent weakness of the European economy - stagnant investment by private companies.
    • The new entity is part of a three-year initiative to spark at least €300B ($372B) of additional investment in the continent’s moribund economy and is designed to make use of existing resources that does not require any new cash infusions from member nations.
    • The euro is +0.1% at $1.2401.
    • ETFs: VGK, FEZ, IEV, EU, EPV, EUFN, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | Nov. 24, 2014, 4:21 AM | 2 Comments
  • Nov. 21, 2014, 7:27 AM
    | Nov. 21, 2014, 7:27 AM | 10 Comments
  • Nov. 20, 2014, 7:19 AM
    • The Flash Eurozone Composite PMI for November falls to a 16-month low of 51.4 from 52.1 in October. For Germany, the PMI fell to its lowest since July 2013 at 50 vs. expectations of 51.5.
    • Markit's Chris Williamson: "The deteriorating trend in the surveys will add to pressure for the ECB to do more to boost the economy without waiting to gauge the effectiveness of previously-announced initiatives.”
    • The Stoxx 50 (NYSEARCA:FEZ) is down 1.2%, led by Spain's (NYSEARCA:EWP1.9% decline. Germany (NYSEARCA:EWG) is lower by 0.7%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, EURZ, IEUR, FIEU, ESTX, FEUZ, HEZU
    | Nov. 20, 2014, 7:19 AM | Comment!
  • Nov. 17, 2014, 7:15 AM
    • Citing valuation, JPMorgan gives U.S. stocks a two-notch downgrade to Underweight, while making the reverse move for European equities.
    • The S&P 500 is up 10% YTD and sells for 17x earnings, while Europe's Stoxx 50 is down 1.8% and sells for 14x - this as earnings across Europe are expected to outpace those of the U.S. next year.
    • Also slated to help is a weaker euro as the Fed begins to tighten policy and Europe eases even further.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, ADRU, EURL, FEEU, DBEU, EURZ, IEUR, FIEU, HEZU, FEUZ, ESTX
    | Nov. 17, 2014, 7:15 AM | 4 Comments
  • Nov. 13, 2014, 7:53 AM
    • Already at multi-year lows, the euro is snoozing through the ECB's revised economic outlook for the EU, with both inflation and real GDP growth expectations notched lower. Though the survey suggests outright deflation as having a low probability, the chance of inflation remaining below 1% in 2015 is greater than 50%.
    • "The survey adds to the pressure on the ECB for additional monetary easing, possibly in the form of full-blown QE," says BNP Paribas economist Luigi Speranza. "We continue to expect such a move to be announced as early as December."
    • The euro +0.2% and buying $1.2460.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • European shares are mixed, with the Stoxx 50 (NYSEARCA:FEZ) currently ahead by 0.25%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, ADRU, EURL, FEEU, DBEU, EURZ, IEUR, FIEU, HEZU, FEUZ, ESTX
    | Nov. 13, 2014, 7:53 AM | 1 Comment
  • Nov. 3, 2014, 4:11 AM
    • Eurozone manufacturing PMI edged up to 50.6 (flash 50.7) in October from 50.3 in September as growth in Germany, Spain, the Netherlands and Ireland offset contraction in France, Italy and elsewhere.
    • The factory sector is struggling "to recover the traction lost following its mid-year slowdown," says Markit. "Manufacturing is therefore unlikely to provide any meaningful boost to the currency union’s anaemic GDP growth."
    • Markit is particularly concerned by a second successive fall in new orders, "a key bellwether of future output growth."
    • The euro is -0.2% at $1.2498. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EU, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, EURL, FEEU, EURZ, DBEU, IEUR, FIEU, ESTX, FEUZ, HEZU
    | Nov. 3, 2014, 4:11 AM | Comment!
  • Oct. 31, 2014, 1:03 PM
    • According to the fund homepage, the ALPS STOXX Europe 600 ETF (Pending:STXX) "seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the STOXX® Europe 600 Index."
    • The index is made up of the 600 largest developed market stocks of the STOXX Europe Total Market Index, with the U.K., France and Switzerland as the top three countries represented in the fund.
    • “Simply put, the STOXX Europe 600 Index provides the broadest exposure to a broad range of European equities. We’re particularly pleased to be working with STOXX Limited to bring the benefits of this innovative benchmark to the U.S. marketplace," said Tom Carter, President of ALPS Advisors, in a press release.
    • Other ETFs with broad European exposure: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, ADRU, EURL, FEEU, DBEU, EURZ, IEUR, FIEU, HEZU, FEUZ, ESTX
    | Oct. 31, 2014, 1:03 PM | Comment!
  • Oct. 27, 2014, 6:14 AM
    • Stocks in Italy lead European shares lower after some of the country's banks came out badly in ECB stress tests.
    • Banca Monte dei Paschi di Siena collapses 17.55% after being told that it needs to raise €2.11B. The world's oldest bank is exploring its strategic options.
    • And while the tests were otherwise not as bad as expected, the STOXX Europe 600 Banks index is -1.2%. "The stress test results are positive, but the real test will be on European bank lending and on this the jury is still out,” says strategist Luca Paolini.
    • KPMG believes banks still face a significant challenge. "The sector remains chronically unprofitable and must address their €879B exposure to non-performing loans as this will tie-up significant amounts of capital," KPMG says.
    • Euro STOXX 600 -1.2%, London -0.8%, Paris -0.4%, Frankfurt -0.5%, Milan -2.2%, Spain -1.4%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, EUFN, FEU, GUR, FEP, ESR, UPV, ADRU, EURL, FEEU, EURZ, DBEU, IEUR, FIEU, HEZU, FEUZ, ESTX
    | Oct. 27, 2014, 6:14 AM | 2 Comments
  • Oct. 21, 2014, 2:13 PM
    • The First Trust Eurozone AlphaDEX ETF (Pending:FEUZ) will use the proprietary, rules-based AlphaDEX® fundamental stock selection methodology to select funds from the Eurozone to invest in.
    • "The AlphaDEX index methodology aims to provide better long-term, risk-adjusted returns than traditional market-cap weighted indices, providing stock selection and weightings based on investment merit, rather than size," said Ryan Issakainen, CFA, Senior Vice President and ETF Strategist at First Trust, in a press release.
    • Unlike First Trust's current European-focused funds, the First Trust Europe AlphaDEX ETF (NYSEARCA:FEP) and the First Trust Dow Jones STOXX European Select Dividend 30 Index ETF (NYSEARCA:FDD), FEUZ will feature only European companies in the Eurozone; excluding firms from countries like the U.K., Denmark and Switzerland.
    • Other Europe ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, UPV, ADRU, FEEU, EURL, DBEU, EURZ, IEUR, FIEU, HEZU, ESTX
    | Oct. 21, 2014, 2:13 PM | Comment!
  • Oct. 21, 2014, 8:01 AM
    • Pushing Europe to a sizable rally and sending the euro lower, Reuters says the ECB could decide as soon as this year to begin buying corporate bonds on the secondary market. The move would be an expansion of the ABS buying program launched this week.
    • "The pressure in this direction is high," says Reuters' source.
    • The Stoxx 50 (NYSEARCA:FEZ) is up 1.1% and the euro (NYSEARCA:FXE) lower by about 100 pips since the news, now down 0.3% at $1.2765.
    • Board Europe equity ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, ADRU, FEEU, EURL, DBEU, EURZ, IEUR, FIEU, HEZU, ESTX
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Oct. 21, 2014, 8:01 AM | 15 Comments
  • Oct. 17, 2014, 8:21 AM
    | Oct. 17, 2014, 8:21 AM | 1 Comment
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ADRU Description
The BLDRS Europe 100 ADR Index Fund (Fund) is an exchange-traded fund based on the BNY Mellon Europe 100 ADR Index (Index). The Fund normally holds at least 95% of its total assets in Depositary Receipts that comprise the Index. The Index is capitalization weighted and designed to track the performance of approximately 100 European market-based depositary receipts. The portfolio is rebalanced and reconstituted quarterly.
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