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First Trust NASDAQ Global Auto Index ETF (CARZ)

  • Apr. 18, 2014, 6:03 AM
  • Apr. 7, 2014, 9:10 AM
  • Oct. 31, 2013, 1:32 PM
  • Sep. 30, 2013, 1:14 PM
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  • Sep. 16, 2013, 8:10 AM
  • Sep. 10, 2013, 4:24 AM
  • Jun. 25, 2013, 10:43 AM
    Short interest in S&P 500 stocks has virtually disappeared, but what few remain are concentrated in Telecom (IYZ), Commercial Services, Semiconductors (XSD), Consumer Durables (XLY), and Retail (XRT). Where they're not are in Household Goods (XLP), Autos (CARZ), and Utilities (XLU, IDU).
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  • May 17, 2013, 11:43 AM
    A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across the globe. In Europe, a long slide in sales has finally reversed while China is opening up the western part of its territory for manufacturers. Just to top it off quite nicely, consumer sentiment rose briskly in the U.S. Advancers: American Axle (AXL) +4.5%, Dana Holding (DAN) +4.1%, TRW Automotive (TRW) +2.2%, Navistar (NAV) +4.4%, Federal-Mogul (FDML) +4.2%, Magna International +1.9%, Meritor (MTOR) +2%, Johnson Controls (JCI) +1.9%, Exide Technologies (XIDE) +5.5%.
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  • May 1, 2013, 10:28 AM
    The Big Three (F, GM, FIATY.PK) all posted double-digit Y/Y April U.S. sales numbers and topped estimates, but is the best still to come? A fresh slate of models is just hitting dealerships and industry insiders say pent-up demand in the U.S. is barely getting tapped. Though costs in Europe are still a major concern, auto stocks (CARZ, VROM) are becoming enticing on U.S. strength and with China looking wide open as local joint ventures start to pay off.
  • Apr. 11, 2013, 12:14 PM
    Automobile stocks (CARZ, VROM) hit a higher gear with a positive report on sales in China and ongoing enthusiasm over sales stateside helping to tip sentiment. Advancers: Toyota (TM) +3.6%, General Motors (GM) +3.1%, Honda (HMC) +2.7%, Tesla Motors (TSLA) +3.2%.
    | 1 Comment
  • Mar. 14, 2013, 12:59 PM
    Things are starting to get interesting in China's automobile market. Ford (F) and General Motors (GM) hope to continue to benefit from the falloff of Japanese automakers (HMC, TM, NSANY.OB) through their local joint ventures, but domestic firms are starting to understand the need to ramp up quality and innovation in order to compete. As it stands now, domestic brands only account for a third of all sales - short of the Beijing's target for 40% share. Volkswagen (VLKAY.PK) appears to be all-in with 70% of its new plants slated for China, while even Tesla Motors (TSLA) thinks it can make a splash in the region.
  • Dec. 28, 2012, 5:48 PM
    The average of all durable U.S. consumer goods is now nearly at 4.5 years. That's up from less than 4 years before the financial crisis, and could fuel a pickup in consumer spending ... assuming the age increase doesn't reflect a "new normal" in a time of high unemployment and stagnating real wage growth. The average age of cars on the road is now above 4 years, compared with 3.5 years around 2000 and less than 3 years in the '80s.
  • Aug. 25, 2012, 10:00 AM
    Southern Co. (SO) and Verizon (VZ) may be the "poster children" among high dividend-payers as the quest for yield takes the utility (XLU), telecom (IXP), and consumer staples (XLP) sectors to frothy levels. The flip-side are health-care services (XHS), autos (CARZ), housing (IYR), and tech (XLK) - lower payers, but with relative valuations that have rarely been this cheap.
  • Jul. 19, 2012, 7:45 AM
    The strong results from AutoNation (AN) could be enough to edge forecasts from analysts on industry-wide vehicle sales even higher. The consensus forecast currently calls for 14M-14.5M vehicles, but automakers have been trimming their summer shutdowns in the U.S. as demand stays strong.
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  • Jul. 3, 2012, 12:00 PM
    Automobile sales for June are coming in above expectations (Ford, GM, Toyota, Chrysler) and are strong enough that analysts are comfortably raising their annual industry-wide sales forecast to over 14M vehicles. For comparison, last year the industry turned over 12.8M vehicles and in the midst of financial chaos in 2009 only 10.4M cars were sold. Despite the solid numbers, economists are wary that sales could be related to a demand shock from an aging U.S. consumer fleet, instead of any general improvement in consumer confidence.
  • May 10, 2012, 1:44 PM
    Forecasts for auto sales keep trickling higher, with estimates now ranging as high as 14M-14.6M after starting the year in a tighter 13.4M-13.7M range. Driving sales higher on unleashed pent-up demand is a slowly-improving economy combined with the increasing age of U.S. cars and trucks on the road. Automakers plan to ramp up production in response, with Chrysler (FIATY.PK) and Ford (F +0.9%) shortening their summer shutdown, while Honda (HMC +1.0%) adds overtime shifts.
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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.
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