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JUNR vs. ETF Alternatives
The Global X Junior Miners ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Junior Miners Index.
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Sector: Basic Materials
Friday, Nov 1512:52 PM
Friday, Nov 1512:52 PM| 1 Comment
- The basic materials sector has badly lagged the broader market YTD, and Miller Tabak's Jonathan Krinsky surmises investor rotation into the group is likely if the overall market rally is set to continue.
- Krinsky's charts tell him the sector has been making higher lows since the 2009 bottom, but unlike the broad market and many other sectors, it has yet to clear its 2007-08 highs, giving the look of an ascending triangle - and the presumption of an upside resolution.
- ETFs: XLB, XME, JUNR, PICK, MSXX, FMAT.
Thursday, Sep 122:58 PM
Thursday, Sep 122:58 PM| Comment!
- Oppenheimer analysts are believers in the materials sector, citing increasing evidence that the global economy is modestly improving from its recent lethargic pace of growth, particularly in emerging markets.
- Strategas isn't so sure; despite some stronger equity performance in recent weeks, it sees the persistence of cyclical weakness in emerging economies and the apparent forming of a structural consolidation in global commodities complex; it favors companies with a higher domestic revenue profile over those with a broader global footprint.
- Vulcan Materials (VMC) gets just 1% of its revenue overseas, while Airgas (ARG) has just 2%; those least exposed to the U.S. economy include Newmont Mining (NEM), which gets all of its revenue abroad, and International Flavors (IFF) and Owens-Illinois (OI), which each get 23%-24% of sales at home.
- ETFs: XLB, XME, EMT, PICK, JUNR. MSXX.
Wednesday, Sep 1110:56 AM
Wednesday, Sep 1110:56 AM| 3 Comments
- BofA Merrill Lynch sees huge contrarian value in global mining and steel companies while investors remain underweight in their holdings.
- A stronger global economy is coming, BAML says, noting China has been restocking iron ore, the pace of copper destocking in the country has slowed, and global steel prices have been rising.
- The top buys from the firm: ATI in steel, CNX in coal, ABX and KGC in precious metals, KALU in aluminum, and SCCO in copper, plus diversified miners FCX and VALE.
- ETFs: XME, XLB, EMT, PICK, JUNR, MSXX.
Tuesday, Sep 1010:26 AM
Tuesday, Sep 1010:26 AM| Comment!
- The funds being closed make up just 4% of total assets under management, despite representing half of EGShares product line.
- "We have identified an opportunity to streamline our existing offering" founder Robert Holderith stated in a press release.
- Affected funds include: AGEM, FGEM, GGEM, HGEM, IGEM, LGEM, OGEM, QGEM, TGEM, UGEM, VGEM, EMT.
- Competing funds: EEM, VWO, EMFN, IPS, IRY, AXID, EMMT, EMEY, AXIT, AXTE, DBU, EMDI, ECON, JUNR
Thursday, May 911:00 AMGlobal X sets for May 15 reverse splits on 6 ETFs, some - but not all of which - have dropped sharply in value over the last year: 1-for-4 on the Gold Explorers ETF (GLDX), 1-for-3 on the Uranium ETF (URA), 1-for-3 on the Junior Miners ETF (JUNR), 1-for-2 on the Argentina 20 ETF (ARGT), 1-for-2 on the China Materials ETF (CHIM), and 1-for-2 on the Pure Gold Miners ETF (GGGG). |Thursday, May 911:00 AM| Comment!
Tuesday, May 152012, 1:38 PM"Canada's business cycle bounce appears to have run its course," says BAML's Neil Dutta, expecting recent strong macro data to become less so. He takes note of the country's curious terms of trade hit - its eastern half importing expensive Brent crude, while the west exports cheaper WTI. Bottom line: Reduce exposure to Canadian risk assets and increase holdings of fixed income. |Tuesday, May 152012, 1:38 PM| 1 Comment
Friday, May 42012, 10:13 AMCanada's Ivey PMI for April dives to 52.2 from 65.0 previously, and against expectations for 61.0. The loonie tumbles 0.5%, but remains above parity with the greenback at $1.0071. It's the latest in a string of weakish numbers from up north and may cease rumblings from the BoC about rate hikes. |Friday, May 42012, 10:13 AM| 1 Comment
Monday, Apr 302012, 9:22 AMMore on Canada GDP: The Feb. decline - the worst print in more than 2 years - comes as mining and oil & gas extraction declined 1.6%, led by a 7% decline in mining, led by a 19% decline in Potash mining - a dive surely telegraphed by weak Q1 sales of the fertilizer reported by Potash (POT) and Mosaic (MOS). Improvement, however, is on the way, says Mosaic. |Monday, Apr 302012, 9:22 AM| Comment!
Monday, Apr 302012, 8:42 AM
Thursday, Apr 262012, 9:34 AM
Monday, Apr 232012, 12:27 PM"Almost a 51st state, but with a much better currency and a much more prudent government and central bank," says David Rosenberg on growing client interest in investing in Canada. Rosenberg sees a series of rate hikes by the BoC while the Fed remains on hold - giving the country and the loonie an even greater yield advantage. |Monday, Apr 232012, 12:27 PM| 6 Comments
Thursday, Apr 192012, 3:31 PMA wave of ratings downgrades to hit developed countries in coming years will spare Canada, says Citi's Mike Saunders. The 2012 federal and provincial budgets - while maybe putting a drag on near-term growth - should strengthen the country's already sound fiscal position. |Thursday, Apr 192012, 3:31 PM| 3 Comments
Wednesday, Apr 182012, 11:28 AMWatch live the press conference with the Canadian who may end up leading the Bank of England next year - Bank of Canada Governor Mark Carney takes questions following the release of the Monetary Policy Report, and yesterday's hawkish policy meeting statement. |Wednesday, Apr 182012, 11:28 AM| Comment!
Wednesday, Apr 182012, 11:17 AMThe BoC lifts its GDP growth forecast to 2.4% from 2% in its quarterly Monetary Policy Report, and repeats yesterday's notice of a "modest withdrawal" of stimulus being appropriate. The bank also notes an unfavorable fall in the country's oil export prices (WTI) in relation to oil import prices (Brent) as troublesome for the economy. |Wednesday, Apr 182012, 11:17 AM| 1 Comment
Wednesday, Apr 112012, 8:59 AM
Thursday, Apr 52012, 8:41 AM