ETF Database » EXI

Three ETFs To Watch This Week: FXE, EWJ, EXI

Eric Dutram — Mon, 27 Jun 2011 08:00:52 +0000

The final full week of June was certainly a rocky period to be in the equity markets, as quickly changing expectations led to huge increases in volatility and large movements in commodity markets. Meanwhile, in Europe, worries over Greece temporarily subsided as the Prime Minister of the nation survived a confidence vote, setting the stage for a crucial debate next week regarding further austerity measures. However, worries are already beginning to spread to other, large nations including Italy, one of the eight largest economies in the world by GDP. EWI, the main Italian ETF was down by over 3% to close out the week as fears over a downgrade left many investors running for the exits to close out the week. Closer to home, the Federal Reserve also met this past week, announcing an end to the QE2 program as anticipated at the end of the month. However, while Bernanke and [...]

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Industrials ETFs Continue Impressive Rally

Michael Johnston — Tue, 20 Apr 2010 16:28:59 +0000

During the ongoing recovery effort, most sectors of the global economy have moved higher together. But not all industries have received an equal boost during the dramatic turnaround. After markets bottomed out in March last year, it was the financial and technology sectors that led the rally. In 2010, one of the least sexy sectors has sprinted to the front of the pack: industrials. Boosted by signs of life in the manufacturing sector, surprising strength from homebuilders, and, most recently, impressive earnings figures, industrials ETFs are among the top performing funds in 2010. The Industrials Select Sector SPDR (XLI) was recently up 15% on the year, putting it about 750 basis points ahead of the S&P 500 SPDR (SPY). The Utilities SPDR (XLU) is down almost 4% so far on the year, putting it nearly 20% behind the Industrials SPDR. The industrial sector is one of the most assorted corners [...]

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iShares ETFs Closing?

Michael Johnston — Mon, 14 Dec 2009 15:00:52 +0000

BlackRock’s acquisition of Barclays Global Investors and iShares seemingly went off without a hitch earlier this month. But certain actions required by terms of the deal have proven difficult to wrap up, resulting in a dozen iShares funds now operating under interim investment advisory agreements and potentially closing down. As a result of the sale to BlackRock, the existing investment advisory agreements for iShares ETFs terminated on December 1, and approval of a new agreement requires shareholder action. According to iShares, investors have voted overwhelmingly to approve new agreements for 167 funds, but have received insufficient participation to do so for 12 ETFs: iShares MSCI Brazil Index Fund (EWZ) iShares MSCI EMU Index Fund (EZU) iShares MSCI Germany Index Fund (EWG) iShares MSCI Mexico Investable Market Index Fund (EWW) iShares S&P Europe 350 Index Fund (IEV) iShares S&P Global 100 Index Fund (IOO) iShares S&P Global Consumer Discretionary Sector Index [...]

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Size Does Matter (To a Point): Study of ETF Liquidity

Michael Johnston — Thu, 11 Jun 2009 07:00:36 +0000

As the ETF industry has exploded on to the scene in recent years, sponsors have aggressively launched funds in an attempt to gain market share. While many of these new ETFs have attracted sufficient investor funds to justify continued operation, some have failed to garner a level of investment necessary to support an active, liquid market and been shuttered. And then there are those that remain in business but are cited as having “insufficient liquidity.” Although there are certain rules of thumb – assets under management (AUM) of $25 million and daily volume of 25,000 are often cited as “liquidity thresholds” – there is no hard evidence to support these guidelines. In an effort to determine where illiquidity ends and an active market begins, I analyzed the impact of size and daily volume on the liquidity of various ETFs. To start, I divided ETFs into six baskets based on three-month average daily [...]

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ETF Database » EXI

Three ETFs To Watch This Week: FXE, EWJ, EXI

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Industrials ETFs Continue Impressive Rally

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iShares ETFs Closing?

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Size Does Matter (To a Point): Study of ETF Liquidity

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