U.S. ETF assets declined slightly in November according to the latest data from the National Stock Exchange, as the rapidly-growing industry experienced net outflows amidst a general flight from both domestic and international equities. The industry finished last month with $1.06 trillion in net assets, down about 2% from the previous month but up 12% from the same period last year. The net decline in assets was attributable to domestic equity ETFs, which saw $7 billion in outflows, and international equities, which saw another $1.9 billion. Those big losses were offset by tremendous interest in commodities and bonds; fixed income ETFs raked in more than $5 billion in cash inflows, while exchange-traded commodity products captured almost $2.9 billion [see Ten Unexpected Observations In YTD Returns]. [click to continue…]
Today saw yet another strong day for markets as hopes that the euro zone will come to an efficient solution fueled markets higher. Unfortunately, as the day came to a close, S&P issued a warning that it has put a number of European countries on credit watch. S&P is perhaps best known for their downgrade of U.S. [...]
Today saw markets finish out their best week in nearly three years, though the day remained relatively flat. Friday started off on a strong note as U.S. unemployment came in surprisingly low, but markets ended up falling as profit-taking ensued. But its hard to blame anyone for selling out after the massive week we have [...]
Despite recent market woes, today saw a stellar performance across the board. Major indexes posted their best day in recent memory with the Dow surging by nearly 500 points and the S&P 500 jumping by 4.3%, leaving the index just shy of 1,250. Just weeks ago investors were worried when the S&P dipped below 1,250, [...]
Innovation across the exchange-traded universe has brought forth a host of investment strategies to mainstream investors, allowing for access to previously difficult to reach corners of the global financial market. Aside from the well-know benefits of ETFs, like ease-of-use and transparency, the structure of these investment vehicles holds several, often times overlooked, tax benefits as [...]
Equity markets tanked on Tuesday after Euro zone debt woes were unexpectedly resurrected. Greek Prime Minister George Papandreou called the latest “bailout plan” to a referendum, renewing fears of a default and sparking a sell-off across global financial markets. “As if last week’s half-baked euro summit deal hadn’t left enough questions unanswered about the policy [...]
Pop goes the market. Equity indexes soared on Thursday as investors rejoiced over Euro zone debt negotiations, with the S&P 500 gaining an impressive 3.4% for the day, while the Dow Jones Industrial Average lagged behind a bit, clinching a 2.8% gain. The bulls came charging down Wall Street after European leaders agreed to boost [...]
Although U.S. markets started the day on a down note after China’s bearish GDP release, they surged in the final hours on a report that Germany and France reached an agreement to boost the EFSF and recapitalize banks. Thanks to this, the Dow and the Nasdaq both finished the day up by about 1.6% while [...]
American equity markets finished Thursday’s trading session mixed as a bearish report from JP Morgan dragged the Dow and S&P 500 lower. In fact, the Dow and S&P 500 both finished the day lower by about 0.3% while the tech-heavy Nasdaq, boosted in part by strength in giants such as Apple, Google, and Intel, rose [...]
Although stocks initially rose in Monday’s trading session on the back of a solid jobs report, markets plunged soon afterward as fears of a European crisis once again crushed investor confidence. Fitch downgraded the sovereign debt of both Italy and Spain, while some are speculating that a similar move may be in the near future [...]
In yet another see-saw session, equity markets started the day on a high note on hopes of an expanded EFSF, fell sharply during the mid part of the day, only to rally in the final hour in most major sectors. Thanks to this late rally, the Dow finished the day up by 1.3% while the [...]
