When two stocks make up nearly one-third of an ETF, the ETF will blog tend to be heavily influenced by their performance. Both Intel and TSM have been market leaders and therefore SMH has been on a tear. The smaller SPDR S&P Semiconductor ETF (NYSE: XSD ) is also breaking out to new highs, though it does not boast a similar winning streak. The portfolio is very different than that of SMH as Intel is not in the top ten holding list. The largest holding is OmniVision Technologies (NASDAQ: OVTI ) at 2.8 percent. Both ETFs are now sitting at extremely overbought levels based on a variety of technical indicators, which should not be a surprise considering the rally that both have enjoyed.
Noteworthy ETF Inflows: HYG – NASDAQ.com
The chart below shows the one year price performance of HYG, versus its 200 day moving average: Looking at the chart above, HYG’s low point in its 52 week range is $88.27 per share, with $95.07 as the 52 week high point – that compares with a last trade of $94.90. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
China ETF Hedging Costs at Record Low on Stimulus Wagers – Bloomberg
Given the fact that Chinas economic growth target for 2014 is 7.5 percent, one might easily assume that Premier Li Keqiangs response to the report could have been: Ill take it! On June 2, the May official manufacturing PMI from Chinas National Bureau of Statistics rose to 50.8 from Aprils 50.7. Although a reading above 50 indicates expansion, a number of economists have explained that Chinas manufacturing PMI needs to clear 51 to establish some escape velocity. On June 3, the HSBC China Manufacturing PMI report indicated that Chinas manufacturing PMI increased to 49.4 in May, from Aprils 48.1. Although a reading below 50 indicates contraction, the improvement from April reinforced the notion that the nations recent economic slowdown was just a temporary setback. On June 9, the General Administration of Customs reported that the nations exports increased 7 percent in May, on a year-over-year basis. Economists had been expecting a 6.6 percent increase. Investors enthusiasm was subdued by the fact that imports fell 1.6 percent, compared with economists expectations for a 6.1 percent increase. Although Chinas trade surplus reached its highest level in five years, the slump in imports signaled sluggishness in the domestic economy because of reduced demand. On June 13, Chinas National Bureau of Statistics reported that in May, retail sales increased 12.5 percent on a year-over-year basis and that industrial production increased 8.8 percent on a year-over-year basis. The June 5 release of the HSBC China Services PMI (with Composite PMI data) for May indicated the end of a three-month streak of contraction, with a slight but crucial increase to 50.2 percent from Aprils 49.5 percent. The report included the following Commentary from Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC: The headline HSBC China Services PMI moderated to 50.7 in May, down from 51.4 in April. Latest data signalled a relatively big drop in the business expectations index, which fell to an 11-month low of 58.1, down from 60.7 in April.
Who Wins The 2014 World Cup Of ETFs? – ETF News And Commentary | Benzinga
Greece: Both of these countries have seen their economies turnaround as of late and currently have Buy Ranks. However, thanks to a slump for Greece, England (the UK) easily wins and gets on to the next round to face the Netherlands. Nigeria vs. France: Both of these country ETFs have Ranks of 3, so we have to go to performance as a tiebreaker. The emerging market easily beats out France since it posted an 11% gain in the trailing three month time frame.
JPMorgan’s ETF Debut Set for Tuesday – Focus on Funds – Barrons.com
Related Vanguard’s Norris: H.K. `Good Platform’ for ETFs The cost of hedging against losses in the largest Chinese exchange-traded fund in the U.S. has fallen to a record low on optimism that government stimulus will help sustain growth in the worlds second-biggest economy. The Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. rose 2 percent last week for the biggest advance since February. Chinese stocks are back in favor as growth in industrial output and retail sales accelerated in May while new bank loans exceeded analyst estimates.
Mixed News about China: Weekly International ETF Report
ET JPMorgans ETF Debut Set for Tuesday Larger By Brendan Conway The push into the ETF market by J.P. Morgan Chase ( JPM ) gets moving next Tuesday with the launch of the firms first fund, according to a just-released exchange filing . JPMXF Diversified Return Global Equity ETF, we reported ,is built with four attributes in mind: (1) finding stocks which exhibit low volatility, (2) stocks with value characteristics, (3) momentum and (4) size. Bloomberg Going passive Back in February, this blog previewed a lineup that the giant bank has no problem calling smart beta. The term has come under fire in the ETF industry and elsewhere for being vague , overpromising and something of a hash by fund marketing departments.