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Auto ETF Revs Up For 2013Tom Lydon • Tue, Jan 29 -
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Auto Sector Emerges As U.S. Retail Sales LeaderJulie Young • Wed, Jan 16 -
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November New Vehicle Sales Boost Auto Stock ReturnsJulie Young • Wed, Dec 5, 2012
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Can Pent-Up Demand Drive The Global X Auto ETF Higher?Tom Lydon • Tue, Jul 10, 2012
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To learn more about Seeking Alpha Pro, click here.
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Wednesday's ETF to Watch: First Trust Global Auto Index FundEric Dutram • Wed, Jun 1, 2011 -
First Trust Launches World's First Automobile ETFTom Lydon • Tue, May 17, 2011
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CARZ Automotive ETF: Hoping to Replicate Fidelity's Mutual Fund SuccessRon Rowland • Tue, May 17, 2011 -
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Auto ETF Revs Up For 2013Tom Lydon • Tue, Jan 29
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Auto Sector Emerges As U.S. Retail Sales LeaderJulie Young • Wed, Jan 16
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November New Vehicle Sales Boost Auto Stock ReturnsJulie Young • Wed, Dec 5, 2012
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Can Pent-Up Demand Drive The Global X Auto ETF Higher?Tom Lydon • Tue, Jul 10, 2012
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There are no Transcripts on CARZ.
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at MarketWatch.com (Apr 1, 2013)
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at MarketWatch.com (Jun 17, 2011)
CARZ vs. ETF Alternatives
CARZ Description
Investment Objective/Strategy - The First Trust NASDAQ Global Auto Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ OMX Global Auto Index.
There can be no assurance that the Fund's investment objectives will be achieved.
* The index is a modified market-capitalization weighted index that includes securities of companies that are classified as an Automobile Manufacturer.
* To be included in the index, a security must meet the following criteria:
o listed on an index-eligible global stock exchange,
o have a minimum worldwide market capitalization of at least $500 million,
o have a minimum three-month average daily dollar trading volume of $1 million.
* The index employs a modified market cap weighting methodology in which larger companies receive a larger index weighting. The index weighting methodology includes caps to prevent high concentrations among larger stocks.
* The index is reconstituted annually and rebalanced quarterly.
See more details on sponsor's website
There can be no assurance that the Fund's investment objectives will be achieved.
* The index is a modified market-capitalization weighted index that includes securities of companies that are classified as an Automobile Manufacturer.
* To be included in the index, a security must meet the following criteria:
o listed on an index-eligible global stock exchange,
o have a minimum worldwide market capitalization of at least $500 million,
o have a minimum three-month average daily dollar trading volume of $1 million.
* The index employs a modified market cap weighting methodology in which larger companies receive a larger index weighting. The index weighting methodology includes caps to prevent high concentrations among larger stocks.
* The index is reconstituted annually and rebalanced quarterly.
See more details on sponsor's website
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
Key Info
- In Your Portfolio: A Guide to Sector ETFs
- Asset Class Performance: Themes & Subsectors
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, February 21, 2012, 11:16 AM The auto industry sits better prepared for $5 per gallon gas prices than last go around, with 17 models now out that deliver at least 40 MPG - compared to just a few 4 years ago. CNBC's Phil LeBeau forecasts that automakers will continue pounding out strong sales, unless prices at the pump hit a critical mass that creates a psychological impact too great to overcome. 1 Comment [U.S. Economy]
- Tuesday, February 21, 2012, 4:09 AM China's clampdown on automobile overcapacity is good news for companies like GM (GM) which already have entrenched positions in the world's biggest car market. Newcomers won't be eligible for incentives on factories, and China appears less likely to sign off on new applications from foreign automakers. Comment! [Consumer, Global & FX]
- Monday, February 6, 2012, 2:36 PM Volkwagen-owned (VLKAY.PK) Lamborghini plans to unveil a SUV at the April Beijing auto show with a planned launch date of 2016. The move follows similar initiatives by sporty car makers BMW, Maserati, and Porsche to grab a piece of the higher profit margin SUV market in a trend that would have been nearly inconceivable just ten years ago. Who's next DeLorean? Comment! [Global & FX]
- Tuesday, January 31, 2012, 3:13 PM Pres. Obama's stimulus package succeeded in kicking up investment and production in the electric vehicles, but the lingering question of long-term success remains unanswered. Investments in the industry by China and South Korea outpace that of the U.S., while it's also unclear if strict mpg rules set for the future will stay in place. But insiders still say ambitious EV goals can be met with longer-range, cheaper batteries to help drivers adopt a new paradigm. EV-related plays: AEF, AVAV, ECTY, F, GACR.PK, KNDI, NRG, NSANY.PK, GM, TSLA, ZAAP.OB. 2 Comments [Quick Ideas, Energy]
- Thursday, January 26, 2012, 3:40 PM AutoNation (AN +1.4%) CEO Michael Jackson says in an earnings CC that he sees 3 drivers pacing a recovery in the auto market - as he backs up his call for 2012 sales of 14M vehicles in the U.S. Factors that could push CARZ and VROM higher: (1) A fleet of U.S. cars showing their age; (2) the accelerated pace of new products being launched by manufacturers; (3) the availability of credit financing to customers. Comment! [Quick Ideas]
- Wednesday, January 25, 2012, 10:42 AM J.D. Power sees U.S. vehicle sales picked up in January to reach 10.9M units - marking a 5.8% Y/Y gain but a slight decline from last quarter's total of 11.3M. The firm says an important metric - average days that vehicles spent on dealer lots - has moved to a multi-year low for January. 2 Comments [On the Move]
- Monday, January 23, 2012, 1:21 PM From bankruptcy filings and layoffs to hiring and major capital spending, the major automakers are on the up. Their resurgence is helping to boost the jobs outlook, particularly in the Midwest, driven by a new view that manufacturing in the U.S. is a good way to cope with volatile forex markets and other risks. 1 Comment
- Monday, January 23, 2012, 11:13 AM Better Place, which develops infrastructure for electric cars, has delivered its first 100 vehicles to Israeli customers. The company partners with Renault (RNSDF.PK), and its investors include HSBC (HBC), GE, UBS, and Morgan Stanley. (previous) 1 Comment
- Friday, January 20, 2012, 12:43 PM The strong yen strikes again: Honda (HMC +1.5%) decides to build a high-performance hybrid Acura in Ohio - instead of its home nation of Japan. The firm's continued shift in production to North American capacity signals a wider trend of Japan’s automakers to battle currency-related losses by moving operations. 2 Comments [Global & FX]
- Wednesday, January 18, 2012, 10:35 AM IHS Automotive reports that U.S. auto plants may operate at close to 81% of capacity in 2012 after falling to a level as low as 49% in 2009. Production is kicking in after light-vehicle sales in the U.S. knocked out their 2nd consecutive double-digit gain - outpacing even China's rate. Another interesting variable for the auto sales formula is the irreversible tidbit that the average age of the vehicles in the U.S. is on the high end. Are bigger profits in store for GM, F, TM, and HMC? 1 Comment [Consumer, Quick Ideas]
- Tuesday, January 17, 2012, 1:03 PM Chrysler's (FIATY.PK) Jeep brand recorded a stellar 61.8% Y/Y increase in European sales last year, compared to an industry-wide decline of 1.4%, according to data from the European Automobile Manufacturers' Association. Execs with Chrysler attribute the blowout sales number to a successful integration of the company with Fiat, including the use of Fiat's technology inside the Grand Cherokee model. Comment! [Global & FX]
- Thursday, January 12, 2012, 11:47 AM Chinese auto sales growth slowed to 2.5% in 2011, the final figure coming in a bit below analyst estimates for 3%. Growth is estimated at 8% for the coming year, meaning existing production overcapacity could get worse as Mizuho expects it to expand 15% this year and 20% in 2013. Comment! [Global & FX, Consumer]
- Thursday, January 12, 2012, 10:21 AM BMW (BAMXY.PK) plans to invest $900M into a South Carolina plant - adding to a growing wave of global automakers adding to U.S. operations. An exec with the German firm expects production capacity to increase to 350K at the plant, including a run of a new SUV slated to hit the market named the X4. 2 Comments [Global & FX]
- Thursday, January 12, 2012, 7:37 AM It was Ford (F) - not the usual suspects GM and Chrysler - that tapped federal loan programs to help retool plants and make more efficient vehicles, according to information made public by the DOE. The car maker initially received $5.9B in June 2009, and has since drawn down another $4.5B to date to help it update 11 plants in five states. Shares +0.8% premarket. 3 Comments [Consumer]
- Thursday, January 12, 2012, 6:42 AM PSA Peugeot-Citroen (PEUGY.PK) predicts even further declines in European auto sales after seeing 6.1% fewer cars sold on the continent last year. To counter the downtrend, the car maker plans to focus on increasing sales in other regions to over 50% of its total and push its "premium" models including the Citroen DS line and Peugeot 508. Comment! [Global & FX]
- Wednesday, January 11, 2012, 2:26 PM Daimler (DDAIY.PK) announces a strategic partnership with Google that will allow the car maker access to APIs for Google Maps - a move that could help it set up in-car map displays. Though it's a nifty feature to look for, where does that leave Garmin (GRMN +0.7%) if more car makers embed navigation systems in models? Comment! [Tech]
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