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A Yield Curve Issue Faces Bank ETFs
Tuesday, September 27, 2016 - 10:33am | 577Since the start of this year, bank-heavy exchange traded funds, such as the Financial Select Sector SPDR Fund (NYSE: XLF) and the SPDR S&P Regional Banking (ETF) (NYSE: KRE), have been hoping and waiting for the Federal Reserve to raise interest rates. Nearly nine months into the year, with...
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What Do Corporate Credit Ratings Mean For Investors?
Tuesday, September 13, 2016 - 2:23pm | 661Every so often, headlines of a credit rating downgrade will be followed by news of a 10 or 20 percent drop in a stock’s share price. While most long-time investors are familiar with the idea that credit rating upgrades are good and downgrades are bad, they are not all familiar with the...
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Maybe Some Vindication For The Vietnam ETF
Tuesday, September 6, 2016 - 8:56am | 528Emerging markets are hot this year, but their frontier counterparts are badly trailing. For example, a widely followed benchmark of frontier markets is up just 1 percent year-to-date. The Market Vectors Vietnam ETF. (NYSE: VNM) is barely better with a gain of 1.1 percent. Tailwinds Forthcoming?...
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More Good News For Colombia ETFs
Monday, August 29, 2016 - 10:47am | 503The Global X MSCI Colombia ETF (NYSE: GXG) is one of this year's best-performing single-country emerging markets exchange-traded funds, with a gain of 30.4 percent. Bullishness for GXG and Colombian stocks and GXG is largely attributable to rebounding commodities prices, but another catalyst...
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Bad News For The Auto Sector? CNBC Reports Delinquencies In Subprime Loans On The Rise
Sunday, August 28, 2016 - 11:29am | 335The auto industry could be in trouble, as CNBC reported delinquencies in subprime auto loans are on the rise. CNBC, citing data from Fitch Ratings, stated that delinquencies of at least 60 days for subprime auto loans have risen by 13 percent month-over-month in July and are higher by 17 percent...
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Write A Prescription For More Pharma M&A With This ETF
Wednesday, August 24, 2016 - 10:00am | 583Pfizer Inc. (NYSE: PFE) revealed Monday it is acquiring Medivation Inc (NASDAQ: MDVN), which has plenty of market participants speculating as to which companies could be the next takeover targets in the pharmaceuticals space. A Pharma ETF Of course, there are exchange-traded funds with which to...
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Turkish Blend: Turkey ETF Gets Some Support As Fitch Doesn't Downgrade
Monday, August 22, 2016 - 2:10pm | 607Among emerging markets single-country exchange-traded funds, few have grabbed as many headlines or been the center of as much controversy in recent weeks as the Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR). Turkey And Ratings Immediately following last month's failed coup attempt against...
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Another Plus For Russia ETFs
Thursday, August 18, 2016 - 1:11pm | 518The Market Vector Russia ETF Trust (NYSE: RSX) is one of this year's best-performing emerging markets single-country exchange-traded funds with a gain of 29 percent. That is well ahead of the 17.3 percent gain posted by the MSCI Emerging Markets Index. Russia And RSX Much of the ebullience...
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Banks Defy Woes To Drive Brazil ETF Higher
Monday, August 15, 2016 - 8:27am | 689The iShares MSCI Brazil Index (ETF) (NYSE: EWZ) is up nearly 68 percent this year, easily making it one of 2016's best performing single-country exchange-traded funds, emerging markets or otherwise. Commodities And Politics Among the catalysts often cited for EWZ's resurgence are rebounding...
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Not Too Much C.R.E.A.M For This ETF
Thursday, August 4, 2016 - 3:32pm | 605Cash ruled everything around the Wu Tang Clan, but it does not rule everything around some of the holdings in the iShares S&P Global Energy Sector (ETF) (NYSE: IXC). When oil prices started faltering over a year ago, a common response by many large U.S. and foreign integrated oil companies was...
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Thailand ETF Prevails Despite Shaky Bank Loan Issues
Friday, July 29, 2016 - 1:08pm | 600As was the case in previous periods of emerging markets strength, Thai stocks and the iShares MSCI Thailand Inv Mrkt Index Fd (NYSE: THD) are excelling this year as broader developing markets benchmarks rebound. The lone dedicated Thailand ETF trading in New York is up 27.7 percent year-to-date,...
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Post-Brexit, Banks Could Be Problems For U.K. ETFs
Tuesday, July 26, 2016 - 8:47am | 632Underscoring the vulnerability of U.K. assets in the post-Brexit world, the Guggenheim CurrencyShares British (NYSE: FXB) is lower by nearly 12 percent over the past month. Remembering that when an investor opts for international stocks or funds he or she not only incurs equity risk, but currency...
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More Talk On The Turkey ETF
Friday, July 22, 2016 - 1:45pm | 570The Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) fell almost 3 percent Thursday, bringing the five-day loss for the only exchange-traded fund dedicated to Turkish equities to almost 18 percent. Since last Friday's failed coup attempt against President Recep Tayyip Erdoğan, TUR has been...
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Greece ETF Needs A Shot Of Confidence
Thursday, July 7, 2016 - 9:31am | 556Over the past year, none of the exchange-traded funds tracking the PIIGS economies have traded higher. In some cases, the losses incurred by these single-country ETFs are severe, but none are as bad as the Global X MSCI Greece ET (Global X Funds (NYSE: GREK)). GREK, the first and only ETF dedicated...
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Net Neutrality Could Mean Lost Calls For Telecom ETFs
Tuesday, June 28, 2016 - 10:40am | 523Thanks in large part to tumbling Treasury yields and investors' desire for lower beta sectors, telecommunications exchange-traded funds, the often overlooked options of the sector ETF universe, are soaring this year. For example, the Vanguard Telecommunication Services ETF (NYSE: VOX) is higher...