The highlight of the dozen coming off the list is that only one was due to closure and delisting. Ten products were added to the list, but twelve were removed. The highlight of the dozen coming off the list is that only one was due to closure and delisting. The new count stands at 297, of which 202 are ETFs and 95 are ETNs. The dominant theme for May additions seems to be international funds. Of the ten products added to ETF Deathwatch, six have an international flavor.
This is computed by Expense Ratio and the net asset value of 10 shares. The more? info? fee will be directly deducted from the ETFs asset. For example, if the NAV of a given ETF is 100 and its expense ratio per year is 1%, the incurred expense for a position of 10 shares would be $10 yearly (NAV per share*10 shares*Expense Ratio= 100*10*1%). 1.39%/$2.50p.a.
ETF Preview: ETFs, Futures Flat to Higher; April New Home Sales Still Ahead - NASDAQ.com
It also memorably caused two ETF players to curb redemptions on some fixed income ETFs, in other words stop exchanging securities and cash for ETF shares. As the Eagles song goes: You can check out any time you like, but you can never leave. Yet the tantrum had little effect on investors appetite for such ETFs trading volume in high-yield ETFs has risen 18 per cent since, suggesting investors may be using the vehicles to make up for illiquidity in the underlying market. Its a real concern .As one executive of a big exchange-traded fund maker recently told me privately, I expect at some point somebody will step back from the market. Their product will malfunction. Itll be a smaller player.
As far as sector holdings are concerned, it relies heavily on Financials, followed by Consumer Staples, Healthcare, Industrials and Energy, each with double-digit exposure. All these sectors combined account for more than half of the fund assets. As far as geographic reach goes, the fund allocates more towards stronger economies like the U.K. (26.93%), France (15.31%), Switzerland (14.26%) and Germany (13.13%) (read: Time to Bet on the British ETF? ). Bottom Line The fund has returned 21.3% in the past one year and has gained 4.1% in the year-to-date time frame.
The iShares S&P Europe 350 Index (ETF) In Focus (NYSEARCA:IEV) | ETF DAILY NEWS - Part 2
Economists are now anticipating a bounce-back in April on better weather, an increase in new purchase mortgage applications, and slightly lower mortgage rates in recent months. Among stocks, Foot Locker (FL) was up 2.53% reported fiscal Q1 earnings and sales that exceeded analysts' estimates. The athletic retailer said non-GAAP earnings in the quarter ended May 3 rose to $1.11 per share from $0.91 the year earlier, exceeding the $1.06 average estimate from analysts polled by Capital IQ. Sales rose 14% $1.87 billion compared to the $1.8 billion consensus estimate.