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Market Vectors Germany Small-Cap ETF (GERJ)

- NYSEARCA
GERJ is defunct since December 13, 2014. Lack of investor interest
  • Nov. 6, 2013, 4:09 AM
    • Germany's services PMI fell to 52.9 (flash 52.3) in October from 53.7 in September but remained well in expansion territory.
    • Composite output was unchanged at 53.2 (flash 52.6).
    • "The latest survey indicates a continued improvement in the German economy at the start of the fourth quarter," says Markit. "However, subdued employment trends during October highlighted a greater degree of caution in terms of job hiring within the German private sector."
    • The DAX is +0.4%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Nov. 4, 2013, 4:18 AM
    • German manufacturing PMI rose to 51.7 (flash 51.5) in October from 51.1 in September
    • Production levels increased for the sixth consecutive month and new order books improved modestly, although employment declined slightly.
    • DAX +0.3%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Oct. 25, 2013, 4:09 AM
    • The Ifo institute's business climate index has unexpectedly slipped to 107.4 this month from 107.7 in September and missed consensus of 108.
    • The current-situation reading edged down to 111.3 from 111.4 vs consensus of 111.6, while a measure of expectations fell to 103.6 from 104.2 vs 104.5
    • The euro is +0.1% and the DAX is -0.2%. (PR)
    • German ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Oct. 24, 2013, 4:11 AM
    • German manufacturing PMI edges up to 51.5 in October from 51.1 in September.
    • Manufacturing output rises to 53.3 from 52.3.
    • Services falls to 52.3 from 53.7.
    • Composite output slips to 52.6 from 53.2.
    • "The stronger manufacturing outturn during October is a signal that the Germany's resilient economic performance has continued this autumn," says Markit. "Sustained gains in new orders suggest that private sector companies will remain on a growth footing in the months ahead.
    • The DAX is +0.4%.
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV (PR)
    | Comment!
  • Oct. 17, 2013, 3:27 PM
    • Open for trade today is WisdomTree's (WETF +1.4%) Germany Hedged Equity FUnd (DXGE) - set up to track a WisdomTree dividend-weighted index of German stocks while neutralizing exposure to the euro.
    • WisdomTree is hoping for even a sliver of the success of its Japan Hedged Equity Fund (DXJ), which went from nowhere to nearly the biggest Japan ETF player over the past year as that country pursued a major devaluation of the yen. It also made WisdomTree one of 2013's high-flyers, more than doubling in the year's first six months.
    • Deutsche Bank's DBGR - also hedged against currency swings - has failed to gain much traction, acquiring just $9.5M in AUM after about two years on the market. BlackRock's iShares has its own currency-hedged German stock ETF in the works.
    • Other German ETFs: FGM, EWG, GERJ, EWGS, DBGR, BUNL, BUNT, BUND, GGOV.
    | Comment!
  • Oct. 15, 2013, 5:12 AM
    • The German ZEW survey of investor confidence has climbed to 52.8 in October from 49.6 in September and topped consensus that was also 49.6.
    • However, the current situation print has slipped to 29.7 from 30.6 and missed forecasts of 31.
    • Sentiment for the eurozone has risen to 59.1 from 58.6 but undershot expectations of 59.4.
    • "The financial market experts remain optimistic," says ZEW President Clemens Fuest. "At present a greater impact of the debate on the debt ceiling in the USA is not visible."
    • The euro takes a tumble vs the dollar and is -0.2% to $1.3529. The Dax is +0.7%. (PR)
    • Relevant ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV Euro: ERO, ULE, URR, EUO, DRR, EUFX
    | Comment!
  • Oct. 11, 2013, 2:10 AM
    • German CPI flat on month in September, as expected and unchanged from August.
    • On year, inflation +1.4% (as expected) vs +1.5% previously.
    • Harmonized CPI flat on month, as expected and unchanged from August.
    • On year, HCPI unchanged at +1.6% (as expected).
    • A year-on-year fall in energy prices dampened overall inflation, although food prices rose 4.7%.
    • Wholesale price index +0.7% on month vs -0.6% in August.
    • On year, WPI -2.2% vs -1.7%.
    • EUR-USD +0.1% to $1.3534. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Oct. 9, 2013, 7:05 AM
    • German industrial production +1.4% on month in August vs -1.1% in July and consensus of +1%.
    • DAX +0.2% (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | 1 Comment
  • Oct. 8, 2013, 2:54 AM
    • Germany's trade surplus rose to €15.6B in August from €15B in July and topped consensus of €15.1B.
    • Current account €9.4B vs €14.2B and €13.5B.
    • Exports recovered to rise 1% on month from a fall of 0.8% but came in below consensus of +1.5%.
    • Imports increased 0.4% vs +0.3% and +0.9%.
    • "Global trade remains off-color, which is putting the brakes on German exports," says Thomas Gitzel at VP Bank. "The outlook for the coming months is much more promising. Important freight indicators have risen considerably."
    • DAX -0.4%, EUR-USD -0.1% to $1.3566. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Oct. 3, 2013, 4:05 AM
    • German Services PMI increased to 53.7 in September (flash 54.4) from 52.8 in August
    • Composite output slipped to 53.2 (flash 53.8) from 53.5.
    • "The recent upturn in new business wins will underpin hopes for a reasonably strong end to 2013 for the service economy," Markit writes. "Service providers continued to recruit additional staff in line with rising business needs and resilient optimism about the economic outlook."
    • DAX +0.1%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Oct. 1, 2013, 4:03 AM
    • German manufacturing PMI fell to 51.1 (flash 51.3) in September from 51.8 in August.
    • Output and new orders increased at moderate rates, although there was a slight reduction in employment numbers.
    • "A robust performance from investment goods producers helped sustain manufacturing growth, while the main drag was from weaker consumer goods production," says Markit.
    • DAX +0.6%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Sep. 30, 2013, 2:07 AM
    • German retail sales rose 0.5% on month in August vs -0.2% in July, although the reading missed consensus of +0.8%.
    • On year, sales growth tumbled to +0.3% from +2.9% and undershot forecasts of +0.4%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Sep. 25, 2013, 2:32 AM
    • German consumer confidence has reached its highest level in six years heading into October, with the GfK survey edging up to 7.1 from 7 a month ago and topping consensus that was also 7.
    • A sub-index tracking income expectations softened, due to increasing food prices harming perceived purchasing power. However, consumers have a "euphoric" willingness to buy. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Sep. 24, 2013, 4:58 AM
    • German business confidence rises for the fifth consecutive month in September, as executives become increasingly optimistic about the prospects for the eurozone's largest economy, where unemployment is sitting at a twenty-year low.
    • The Ifo institute's business climate index rose to 107.7 this month from 107.6 (revised) in August. Economists were expecting a reading of 108.
    • A read on the current situation fell to 111.4 in September from 112 in August, while a measure of expectations rose to 104.2 from 103.3.
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Sep. 23, 2013, 3:37 AM
    • German flash manufacturing PMI has slipped to 51.3 in September from 51.8 in August and missed consensus for a rise to 52.2.
    • Services PMI climbed to 54.4 from 52.8 and topped expectations of 53.1.
    • Manufacturing output dropped to 52.7 from 54.8 in August.
    • Composite Output edged up to 53.8 from 53.5.
    • Underlying business conditions are...improving at a solid clip, while the rebound in staff recruitment highlights greater confidence about upcoming workloads," Markit writes. "Expectations are particularly buoyant for demand within the domestic-focused service sector over the months ahead.
    • Dax -0.3%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Sep. 23, 2013, 2:59 AM
    • With the pro-business Free Democrats wiped out of the German parliament, it looks as if Angela Merkel's Christian Democratic bloc will be forced into a grand coalition with the left-of-center Social Democrats or into a deal with the Greens, neither of which is particularly enthusiastic about serving under the Chancellor.
    • Party leaders are scheduled to meet today to discuss negotiations.
    • The Christian Democratic grouping received 41.5% of the vote, the SDP 25.7% and the Greens 8.4%.
    • The challenges Merkel faces include the eurozone crisis, Germany's aging population, a lack of investment in education and infrastructure, and soaring pension costs.
    • EUR-USD +0.1% at $1.3532
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
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GERJ Description
The Market Vectors® Germany Small-Cap ETF (GERJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Germany Small-Cap Index, a rules-based, modified market capitalization-weighted, float adjusted index comprised of publicly traded companies that are domiciled and primarily listed in Germany or that generate the majority of their revenues in Germany.
See more details on sponsor's website
Country: Germany
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