ETF Database » IYK

Thursday’s ETF To Watch: Dow Jones U.S. Consumer Goods Index Fund (IYK)

Jared Cummans — Thu, 09 Feb 2012 09:00:43 +0000

As earnings season draws to a close, investors will soon be forced to face international affairs head on. For the time being, earnings reports from companies like McDonald’s and other blue chip firms have done well to keep our minds off of the looming debt crisis that has been ailing the euro zone for quite some time. But before these issues are pulled out of the doldrums, there are still a few big name firms that will be reporting earnings this week that will more than likely dominate the market [see also The Ten Commandments of Commodity Investing]. Today will see the fourth quarter earnings results from Philip Morris International (PM). Philip Morris is an international cigarette and tobacco company that spun off of Altria Group (MO) in 2008. The firm is now home to a decent market share of the world’s tobacco sales. Though tobacco has become a more controversial product in the [...]

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Three ETFs To Watch This Week: IYK, IAK, FXB

Stoyan Bojinov — Mon, 07 Feb 2011 09:00:52 +0000

Wall Street managed to march higher early last week, however, domestic equities settled into range-bound trading for the remainder of the period given a lack of upbeat economic news and overall pessimism stemming from the situation in Egypt. Political instability and civil unrest in the region continue to put pressure on financial markets around the globe, especially as fears grow over the riots spreading to other countries in the area. Commodities have been quite volatile, with oil managing to slip just below $90 a barrel on Friday, while gold managed to hold support and inch higher. On Friday, the markets wobbled between positive and negative territory as investors digested a mixed jobs report, with data showing that job creation is still stagnant, despite a reduction in the overall joblessness rate to 9.0%. This week has a round of earnings from major industry leaders, especially from the consumer goods sector, and [...]

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Thursday’s ETF To Watch: Consumer Goods Index Fund (IYK)

Eric Dutram — Thu, 18 Nov 2010 09:00:54 +0000

As a variety of bailout related programs are paid back, some are beginning to believe that the American economy is finally in recovery mode thanks to tame inflation levels and optimism from major retailers over holiday season spending. One classic example of this trend is General Motors which has come roaring back to life from bankruptcy and is now scheduled to have an IPO later today after receiving billions in government aid at the height of the crisis in late 2008-early 2009. This controversial payment kept the struggling automaker afloat long enough to go through a ‘pre-packaged’ bankruptcy process which drastically cut down the number of company brands, dealerships, plants and debt that the company had, allowing a much more nimble GM to come out of the proceedings. As the financial crisis eventually subsided, the new GM paid back all of its loans to the federal governments in both the [...]

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Warning: Commodity Surge Could Sink Consumer Staples ETFs

Eric Dutram — Sun, 07 Nov 2010 12:00:54 +0000

As the value of the U.S. dollar continues to slide, many investors have embraced commodities as an opportunity for generating solid returns in an uncertain environment. ETNs and ETFs tracking various commodities have performed extremely well over the past few months, as concerns over QE have combined with ongoing supply worries in a variety of important commodities to send many products surging higher. For example, the iPath Dow Jones-UBS Coffee ETN (JO) is up more than 50% over the past 26 weeks, while the iPath Dow Jones-UBS Sugar ETN (SGG) has roared higher by a whopping 140% in the same time period. While this commodity surge has been great news for those who have invested in the sector, consumer staple companies are likely cringing at the thought of higher input prices. This is especially true given the current state of the economy, with 9.6% unemployment and extremely weak consumer confidence [...]

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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 » IYK

Thursday’s ETF To Watch: Dow Jones U.S. Consumer Goods Index Fund (IYK)

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