AdvisorShares, one of the largest issuers of actively-managed ETFs, has forged a partnership to bring an active sector rotation ETF to market. The new Rockledge SectorSAM ETF (SSAM), which began trading Thursday, will seek to generate stable and consistent returns in all market conditions, developing a dollar neutral portfolio comprised of sector ETFs. The new ETF will utilize the Sector Scoring and Allocation Methodology (“SSAM”), a technique based on a proprietary quantitative analysis model that forecasts the projected returns to various sectors of the U.S. economy. The ETF will establish long positions in sector ETFs that are expected to outperform the S&P 500 and short positions in those that are expected to underperform that benchmark. [click to continue…]
Equity indexes finished the week in bright green territory thanks to a spectacular rally on Wednesday. Euphoria swept over equity markets all over the world last week after major central banks, including the Fed and the European Central Bank, collaborated to lower the cost of dollar funding in an effort to improve liquidity and restore [...]
Domestic equity markets started off the week on a strong note as investors were optimistic to see a very strong start to the holiday shopping seasons, showcasing that U.S. consumers are still alive and kicking. Euphoria swept over stocks on Wednesday after the Fed and the central banks of the euro area, Canada, Japan, U.K., [...]
Investors were left empty handed before the Thanksgiving Holiday; the Euro drama theme dominated financial markets last week as ongoing debt woes stemming from overseas overshadowed a host of positive economic data releases on the home front, including a surprise to the upside in durable goods orders. We anticipate for the spotlight to remain fixated [...]
Despite starting off the week in hole, domestic equity indexes have turned in a monster performance for the month, with the S&P 500 clinching a stellar 11% gain in October. Profit taking swept across virtually every corner of the market on Monday after investors were a bit rattled by the Japanese bank intervening in the [...]
September was a brutal month for equity markets around the globe, as anxiety over Europe and intensifying concerns about the growth prospects for many emerging markets hammered asset prices. The freefall in stock markets hit the bottom line of the ETF industry as well; despite another month of strong inflows, industry assets fell below the [...]
Last week was quite grim for investors to say the least, as stocks across the board plunged Wednesday afternoon following the Fed’s decision to proceed with “Operation Twist” and nothing more. Equity indexes extended their losses and fell even lower the following day as investor worries surrounding the outlook of the U.S. economy intensified following [...]
Wall Street opened in deep red territory at the opening bell Monday morning as Greek debt woes resurfaced. Broad equity indexes climbed higher towards the end of the day however, further extending their gains into Tuesday, only to fall victim to profit taking in the final hours of trading. The Fed went ahead with the [...]
Domestic equity indexes climbed higher day after day last week, posting a very green performance as investors showed some (temporary) relief over the debt drama in Greece. In the bigger scheme of things however, there have been no real concrete measures undertaken by the ECB to fully restore confidence back in European financial markets; for [...]
The past few trading sessions have been plagued with worries both abroad and within our own borders. While investors scrambled to get out of equities, gold has seen a spark of life as the precious metal hit an all time high of $1,600 per ounce in intraday trading yesterday, pointing to a lack of investor [...]
U.S. equity markets started the week in the green as solid news from blue chips Caterpillar, Microsoft, and Wal-Mart helped to carry indexes higher in Monday trading. The Dow finished the day ahead by 0.6% while the broader indexes trailed the DJIA, gaining 0.5% each in comparison. Meanwhile, commodity markets rebounded again in Monday trading as [...]
