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IQ Australia Small Cap ETF (KROO)

- NYSEARCA
  • Today, 2:04 AM
    • Australian stocks fell back from seven-year highs today after the Reserve Bank of Australia surprised markets by holding interest rates at 2.25% instead of lowering rates for a second consecutive month.
    • "Further easing of policy may be appropriate over the period ahead. The Board will further assess the case for such action at forthcoming meetings," said RBA Governor Glenn Stevens.
    • China cut its rates over the weekend and the ECB begins a trillion-euro quantitative easing plan this month.
    • S&P/ASX 200 closed down 0.4% at 5,933.90
    • ETFs: EWA, AUSE, KROO, EWAS, FAUS, QAUS
    | Comment!
  • Tue, Feb. 3, 4:12 AM
    • The Reserve Bank of Australia has jumped on the easing bandwagon, becoming the latest global central bank to cut interest rates in response to slowing inflation and concerns over economic growth.
    • The RBA lowered its benchmark rate by 25 bps - its first change since August 2013 - to a new record low of 2.25%.
    • The news sent the Australian dollar skidding to a six-year low of $0.7650, while the S&P/ASX 200 Index closed up 1.5% at 5,707.37 - its highest close since May 2008.
    • ETFs: EWA, FXA, AUSE, CROC, KROO, EWAS, GDAY, FAUS, QAUS
    | Comment!
  • Dec. 15, 2014, 3:11 AM
    • Australia's government forecast its budget deficit would swell to A$40.4B ($33.2B) in the year to June, from an initial estimate of A$29.8B, as falling global commodity prices had opened a gaping hole in tax revenue.
    • The estimate also dashed government hopes of returning to surplus within the next five years.
    • Despite the mid-year budget update, Standard & Poor's Ratings Services said its triple A rating for Australia was not immediately affected.
    • The S&P/ASX 200 ended down 0.6% at 5,186.
    • ETFs: EWA, AUSE, KROO, EWAS, FAUS, QAUS
    | Comment!
  • Nov. 18, 2014, 1:57 AM
    • After finalizing a free-trade agreement with China yesterday, Australia is now pushing for a comprehensive trade deal with India.
    • "We want to go further and that's why the next priority for Australia is a comprehensive economic partnership agreement with India," says PM Tony Abbott. "If I may say so, this is a moment in time. This is the time to get this done."
    • Trade between Australia and India stands at around $15B a year, or just a tenth of that between Australia and China.
    • ETFs: EPI, EWA, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, AUSE, SMIN, INCO, KROO, EWAS, FAUS, QAUS
    | Comment!
  • Nov. 17, 2014, 2:36 AM
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  • May. 8, 2014, 4:07 AM
    • Australia's jobless rate held steady at 5.8% in April and came in just below consensus of 5.9%.
    • The number of people in work climbed 14,200 after rising 22,000 a month earlier and topped consensus of +6,750.
    • The number of full-time jobs rose 14,200 following a drop of 22,800, while that for part-time positions was flat vs +40,200.
    • The participation rate slipped to 64.7% from 64.8%.
    • The increased number of jobs comes after the Reserve Bank of Australia left its benchmark interest rate at a record-low 2.5% this week amid slowing inflation and ahead of expected cuts in government spending.
    • The S&P/ASX 200 is +0.75%, while the AUD-USD is +0.6% at $0.9381. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Apr. 23, 2014, 2:31 AM
    • Australian CPI eased to +0.6% on quarter in Q1 from +0.8% in Q4 and came in below consensus that was also +0.8%.
    • On year, inflation rose to 2.9% from 2.7% but was below forecasts of 3.2%. The latest figure compares with the Reserve Bank of Australia's target of 2-3%.
    • Core CPI +0.5% on quarter vs +0.9% and +0.7%. On year, core inflation +2.6% vs +2.6% and +2.9%.
    • The low inflation could cool speculation that the Reserve Bank of Australia may raise interest rates from a record low of 2.5%, especially with house prices surging and amid the prospect of a looming building boom.
    • "The Reserve Bank can comfortably keep interest rates at exceptionally low levels over the near term," says economist Savanth Sebastian. "Whichever way you cut it, inflation is well and truly in check."
    • The S&P/ASX 200 is +0.7% and the AUD-USD is -0.9% at $0.9285. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Apr. 10, 2014, 7:53 AM
    • The aussie (FXA) continues a nice run higher after Australia adds 18.1K jobs in March, far better than the 5K increase expected, and following the 48K gain in February. The unemployment rate fell to 5.8% vs. forecasts for 6%.
    • Calling the details of the report "messy," economist Shane Oliver says the picture is still broadly positive. "It's probably best to focus on the trend and it is showing monthly jobs growth of around 14,000 and unemployment rising only very slowly."
    • Goldman's a bit more cautious, characterizing the better numbers only as "stabilization."
    • The aussie is ahead 0.5% and buying $0.9434. Sydney gained 0.3% overnight.
    • ETFs: FXA, EWA, AUSE, CROC, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Apr. 1, 2014, 2:22 AM
    • The Reserve Bank of Australia has left its overnight cash-rate target at a record low of 2.5%, as anticipated, and again indicated that it expects a "period of stability in interest rates."
    • "The decline in the exchange rate from its highs a year ago will assist in achieving balanced growth in the economy, but less so than previously as a result of the rise over the past few months," said RBA Governor Glenn Stevens.
    • The S&P/ASX 200 closes -0.1%, while the Australian dollar is +0.1% at $0.9272. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Mar. 13, 2014, 3:31 AM
    • The number of full-time Australian jobs has risen by the largest amount since 1991, jumping by 80,500 in February vs just 2,700 in January. The increase is also the second-largest ever and indicates that the central bank's policy of record-low interest rates is having an impact.
    • The overall number of jobs increased by 47,300 vs 18,000 previously and consensus that was 18,000 also.
    • The number of part-time jobs fell by 33,200 vs growth of 3,400 in January.
    • As expected, the unemployment rate held stead at 6%.
    • The "super strong result" should ease concerns about the labor market, says economist Savanth Sebastian. "Central bank policy makers are comfortable with the way the recovery is panning out. The housing recovery continues to gather momentum, while rising wealth levels are supporting confidence."
    • The S&P/ASX 200 rose 0.5%, while the Australian dollar is +0.8% at $0.9063.
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Mar. 5, 2014, 2:43 AM
    • Australia's GDP grew 0.8% on quarter in Q4 after expanding 0.6% in Q3 and topped consensus of +0.7%, lifted by increased household spending and lower savings.
    • On year, GDP +2.8% vs +2.3% and +2.5%.
    • The message from the data is that the "rebalancing act" away from mining "is under way," says HSBC economist Paul Bloxham.
    • "The Australian economy hasn't fallen in a heap since mining investment peaked," says Moody's Analytics economist Katrina Ell. "Further gains are likely as the monetary stimulus continues to filter through."
    • The S&P/ASX 200 is +0.85%, while the Australian dollar is +0.2% at $0.8973. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Mar. 4, 2014, 3:25 AM
    • As expected, the Reserve Bank of Australia has held its key cash rate at 2.5% for the seventh month in a row and indicated that it will continue the policy amid high unemployment.
    • "On present indications the most prudent course is likely to be a period of stability in interest rates," Governor Glenn Stevens said in a statement. "The bank expects unemployment to rise further before it peaks," he added.
    • The jobless rate is at a 10-year high of 6%.
    • The S&P/ASX 200 is +0.3%, while the Australian dollar is +0.2% to $0.895. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, AUNZ, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Feb. 4, 2014, 4:55 AM
    • As expected, the Reserve Bank of Australia has held its key cash rate at 2.5% and it has indicated the end of a two-year easing cycle.
    • "The most prudent course is likely to be a period of stability in interest rates," RBA Governor Glenn Stevens said in a statement. The Australian dollar's decline "will assist in achieving balanced growth," said Stevens, who left out references from past statements that the Aussie was "uncomfortably high."
    • Stevens expressed increased confidence in consumer demand and housing construction, and said he expects growth to strengthen beyond the short term, helped by low rates and the softer currency.
    • The S&P/ASX 200 closed -1.75%, although the Aussie has jumped 1.7% to $0.89. (PR)
    • ETFs: FXA, EWA, AUSE, CROC, KROO, GDAY, EWAS, FAUS
    | 1 Comment
  • Jan. 22, 2014, 2:33 AM
    • Australian CPI eased to +0.8% on quarter in Q4 from +1.2% in Q3 but came in above consensus of +0.5%.
    • On year, inflation rose to 2.7% from 2.2% and also topped forecasts of 2.5%. The latest figure compares with the Reserve Bank of Australia's target of 2-3% and so may reduce the scope of the RBA to further cut rates.
    • Core CPI +0.9% vs +0.7% and +0.6%. On year, core inflation +2.6%.
    • Increases in the cost of recreation, alcohol, tobacco and food led the rise in inflation, although the prices of clothing and footwear and health-related items fell.
    • The S&P/ASX 200 is -0.2% and the AUD-USD is +0.8% at $0.8875. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, GDAY, EWAS, FAUS
    | Comment!
  • Jan. 16, 2014, 4:28 AM
    • As expected, Australia's jobless rate was unchanged at 5.8% in December.
    • However, the number of people in employment fell by 22,600 after a rise 15,400 in November and badly missed consensus for an increase of 7,500.
    • The number of full-time jobs plummeted by 31,600 following an increase of 10,500, while that for part-time positions grew 9,500 vs +5,500.
    • The Australian dollar is -1.45% at $0.8786, although mining stocks helped lift the S&P/ASX 200 by 1.2% despite the disappointing figures. (PR)
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, EWAS, GDAY, FAUS
    | Comment!
  • Dec. 17, 2013, 3:02 AM
    • Australia's conservative government has forecast a budget deficit of A$47B (U.S. $42.3B) in the year ending June 30, well above a projection in August by the previous Labor government of A$30.1B.
    • Treasurer Joe Hockey said returning to sustainable surpluses would take at least a decade, and would "require a sustained and fundamental structural overhaul of expenditure."
    • Hockey left a prediction for GDP growth of 2.5% unchanged, but said unemployment would rise to 6% vs a previous forecast of 6.25% and 5.8% in November.
    • The S&P/ASX 200 is +0.3% and the AUD-USD is -1% at $0.8941.
    • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, EWAS, GDAY, FAUS
    | Comment!
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KROO Description
The IQ Australia Small Cap ETF seeks to track, before fees and expenses, the performance of the IQ Australia Small Cap Index. The market cap-weighted Index seeks to provide investors with a means of tracking the overall performance of small cap Australian companies.
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Country: Australia
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