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Asian Property Market Moving Into The BlackPeter Pham • Thu, Dec 13, 2012
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Spotlight On Guggenheim China Real Estate ETFTom Lydon • Tue, Oct 25, 2011
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Will Higher Rates Hit China Real Estate ETF?Tom Lydon • Mon, Apr 18, 2011
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China Real Estate ETF in Focus: Will the 'Bubble' Burst?Michael Johnston • Wed, May 12, 2010
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Asian Property Market Moving Into The BlackPeter Pham • Thu, Dec 13, 2012
There are no Transcripts on TAO.
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at MarketWatch.com (Aug 12, 2011)
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at MarketWatch.com (Feb 13, 2011)
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at MarketWatch.com (Feb 9, 2011)
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at MarketWatch.com (Feb 8, 2011)
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at MarketWatch.com (Jul 26, 2010)
TAO vs. ETF Alternatives
TAO Description
The Guggenheim/AlphaShares China Real Estate ETF (the "Fund") seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the AlphaShares China Real Estate Index (the “Index”). The Index is designed to measure and monitor the performance of publicly issued common equity securities of publicly-traded companies and real estate investment trusts ("REITs") which are open to foreign ownership and derive a majority of their revenues from real estate development, management and/or ownership of property in China or the Special Administrative Regions of China such as Hong Kong and Macau. The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts (“ADRs”), American depositary shares (“ADSs”), global depositary receipts (“GDRs”) and international depositary receipts (“IDRs”) that comprise the Index. Guggenheim Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before expenses, the performance of the AlphaShares China Real Estate Index. The Index is designed to measure and monitor the performance of the investable universe of publicly-traded companies and REITs deriving a majority of their revenues from real estate development, management and/or ownership of property in China or the Special Administrative Regions of China, such as Hong Kong and Macau. The Index was created by AlphaShares, Inc. (“AlphaShares” or the “Index Provider”) and is maintained by Standard & Poor’s (the “Index Administrator”). The Index methodology is published at www.alphashares.com. The Index will include equity securities of companies of all capitalizations, as defined by AlphaShares. AlphaShares does not guarantee the inclusion of all relevant securities in the Index.
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Country: China
Key Info
- In Your Portfolio: Real Estate [REIT] ETFs, A Guide to International Equity ETFs
- Asset Class Performance: Countries, Real Estate
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, May 20, 8:22 AM Guggenheim announces the closing of its Chinese Yuan bond ETF (RMB), effective June 14 as the fund failed to generate significant investor interest since its 2011 launch. The fund’s May dividend distribution will be suspended which should maximize the amount shareholders will receive at liquidation on or about June 21st. Comment!
- Saturday, May 18, 2:48 PM New home prices in China rose 4.9% from a year ago in April, a faster Y/Y pace than the 3.6% growth witnessed in March. In Beijing and Shanghai, prices rose 10.3% and 8.6% respectively. The data underscore government concerns regarding property inflation and suggest that last month's 13% decline in home sales transaction value was an anomaly tied to developers' rush to supply homes in March ahead of property curbs rather than an indicator that the sector is cooling. On a M/M basis, home prices rose 1% in April. The Chinese Real Estate ETF (TAO) is essentially flat YTD, but up ~43% over 12 months. Comment! [Global & FX]
- Monday, May 13, 7:11 AM With new property curbs taking effect, China's home sales transaction value fell 13% in April. The fall, however, is from a very high level as the same metric though the first 4 months of 2013 is up 65% from a year ago. Shanghai (FXI, CAF) fell 0.2% overnight. The China Real Estate ETF (TAO) +37.5% Y/Y. Comment! [Global & FX]
- Sunday, March 31, 4:21 AM China takes further measures to cool the property market, with Beijing banning single-person households from purchasing more than one home. The city is also increasing the minimum down-payment for those who want to acquire a second property. Researcher Yi Xianrong isn't convinced by the measures, which "are aimed more at short-term problems rather than the long-term healthy development of the property market." 10 Comments [Global & FX]
- Monday, March 18, 7:53 AM Putting more pressure on the government to tighten policy, China's new home prices put in their best performance in more than a year in February, rising in 62 out of 70 tracked cities. The Shanghai Stock Property Index fell 1.4% overnight. TAO -7.2% YTD. Comment! [Global & FX]
- Thursday, March 14, 2:29 AM The municipal government in Beijing, which already has some of the toughest regulations on home buyers in China, could reportedly further tighten the approval process and raise taxes on resales. The speculation follows recent action from the Chinese government to cool the housing market and from the city of Shenzhen yesterday, which has helped drag down Chinese stocks. 1 Comment [Global & FX, Top Stories]
- Wednesday, March 13, 6:15 AM The Shanghai Composite Index dropped 1% and the Property Index fell 2.5% to a three-month low after Shenzhen banned developers from raising home prices. The move adds to an announcement earlier this month of a nationwide 20% capital gains tax as authorities seek to curb the housing market. Comment! [Global & FX, Top Stories]
- Tuesday, March 12, 8:05 AM Pre-owned home sales in Beijing soared 280% last week following a 141% gain the previous as buyers rushed to get in ahead of expected government curbs. What if Beijing was just kidding about the restrictions to help boost home sales? TAO -2.2% YTD. Comment! [Global & FX]
- Tuesday, March 5, 7:57 AM Shanghai rebounds 2.3%, though property developers - drubbed for 9.3% Monday -didn't participate in the bounce. "The stock rally is over," says one economist, noting real estate account for 20% of the economy. FXI -6.2%, CAF +0.9% YTD. Real estate ETF: TAO -3.2% yesterday and another 2% AH. 2 Comments [Global & FX]
- Monday, March 4, 6:51 AM Shanghai plunges 3.7% after the government further cranks up property tightening measures, with a gauge of property developers falling 9.3%. "When there are new rules like these, it extends far beyond property shares," says an analyst. Industrial Bank -9.1%. FXI -1.8% premarket. Losses extend to Hong Kong, EWH -0.7% premarket, and the States, SPY -0.5%. 11 Comments [Global & FX, On the Move]
- Sunday, March 3, 9:30 PM Property developers tumble 7.6% in early trade in China after Beijing continues with pledges to clamp down on what appears to be a reawakening of the country's real estate froth. The Shanghai Composite -1.8%. TAO +22.9% Y/Y. 10 Comments [Global & FX]
- Tuesday, February 26, 8:32 AM Showing renewed caution on the country's real estate market, China's Ping An Bank bars its retail branches from approving residential mortgages. Beijing effectively sat on home prices for much of 2011 and 2012, but speculative fervor is bubbling again and new tightening measures are expected imminently. TAO -3% YTD. 1 Comment [Global & FX]
- Tuesday, February 26, 7:49 AM Chinese banks (CHIX) tumble more than 2% after front-page commentary in the China Securities Journal suggests monetary policy needs to be tightened. Developers (TAO) doubled that decline as another report says Beijing has completed a draft of property tightening measures. The Hang Seng's (EWH) 1.3% slide puts it in the red for the year. Shanghai -1.4%. FXI -6% YTD. Comment! [Global & FX]
- Friday, February 22, 2:20 AM Chinese new home prices climbed in 53 out of 70 cities in January on a monthly basis, increasing expectations that the government will continue tightening policies that have caused Chinese stocks to fall sharply this week. Shenzen led the way, with an increase of 2.2% in December, while prices in Beijing and Shanghai rose as well. Comment! [Global & FX]
- Tuesday, February 19, 7:10 AM Rallying Shanghai takes a breather from its big rally, falling 1.6% with word Beijing may impose more property curbs a nice excuse to take profits. A property stock sub-index (TAO) fell 4.6%. Anhui Conch tumbled 7.6% and Huaxin Cement 7.2% after the government forecast cement output growth of just 5% this year. FXI -2.1% premarket. 2 Comments [Global & FX]
- Tuesday, January 15, 11:35 AM The Chinese property bust seems over before it ever really started, with the latest bullish news being a 17.3% jump in Shanghai property sales last week. Prices did fall 3.3%, but instead of scaring buyers off (which would happen in a true bust), it looks to have drawn them out. The China Real Estate ETF (TAO) +4.7% YTD after a torrid 2012. 3 Comments [Global & FX]
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x oil -field
China Bank Regulator: To Implement Property Market Control Policies update: $TAO 1/14/2013 Dow Jones Newswires 01:44 ET (06:44 GMT) - View all 0 replies
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Oil and Gas Investments Bulletin
TAG Oil (TAO-TSXv) is now a double for OGIB subscribers-$4.95, up13%, as the market bought on old research our subscribers knew months ago! - View all 0 replies
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Oil and Gas Investments Bulletin
very green day for subscribers and OGIB portfolio thanks to TAG Oil, TAO-TSXv and a new oil discovery in New Zealand. - View all 0 replies
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ETFdesk
WaysToPlay: Why China Can't Cool Its Overheated Real Estate Boom http://bit.ly/9qfbAE $CHIM $TAO #ETF #MKT #China #Real Estate #Housing - View all 0 replies
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