This one is not a very popular choice as the product has attracted AUM of $28.9 million so far. Holding 36 securities in its basket, the product invests around 45% of assets in the top 10 holdings. Spirit AeroSystems Holdings (5.09%), Alliant Techsystems (4.76%) and The Boeing Co (4.54%) are the top three holdings. The fund returned as much as 53.5% in the YTD frame. XAR also carries a Zacks ETF Rank #1 (Strong Buy) with a ‘low’ risk outlook. Bottom Line While the sector is surging, we still foresee budget cut or sequestration looming large next year.
2 ETFs Leading the Aerospace and Defense Sector Higher – ETF News And Commentary
Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the $100k mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Insider recommendations, sign up for a free 14-day trial of ETFdb Pro . Pro Membership Required to Continue Reading To continue reading this article, you must be an ETFdb Pro member.
ETF Issuer Solutions Announces Partnership with Recon Capital
Nearly four years later, PCEF has gathered $467 million in assets under management, and it seems to appeal to those institutional managers and registered investment advisors that have traditionally built portfolios out of individually listed closed end funds. Additionally, the desire for current income, for closed-end funds individually often attract investors whom are looking for regular dividend income, has helped propel this Closed End fund category within the greater ETP space. PCEF is not alone in the category at this point, as Van Eck offers XMPT (Market Vectors CEF Municipal Income, Expense Ratio 1.67%) which also tracks and index made up of individually listed CEFs, but this fund has only managed to gather about $25 million since its 2011 inception. GCE (Goldman Sachs Claymore CEF GS Connect ETN, Expense Ratio 0.95%) has been on the market since 2007 but the fund remains small, having only raised $3.5 million in AUM since inception.
This Telecom ETF Didn’t Disappoint in 2013
“We are proud to partner with Recon Capital, an emerging ETF sponsor with an innovative product suite,” said William Smalley, President of ETFis. “Recon is a great example of the type of asset managers with which ETFis strives http://www.etftradingsignals.com/ to work a hedge fund seeking to introduce institutional-quality investments to investors of all sizes via ETFs.” Garrett Paolella, CEO of Recon Capital, said: “We are excited to be launching our first public funds with ETFis, ones that focus on our firm’s core principles diversification, liquidity, and downside risk management.” For more information, please contact Brinton Frith, Head of Business Development at ETFis, at 1-888-383-4184. About ETF Issuer Solutions ETF Issuer Solutions (“ETFis”) is a New York-based financial technology firm on a mission to change the way ETFs are launched, operated, and distributed. ETFis has developed the first comprehensive ETF services platform, designed specifically to support exchange traded funds, conceived by seasoned ETF product managers. About Recon Capital Recon Capital Advisors, LLC is a registered investment adviser headquartered in New York. Recon strives to distinguish itself from other investment managers by enhancing portfolio diversification and returns while limiting correlation to the equity and fixed income markets.
ETF Chart of the Day: Closed End Chatter
is nowhere to be found in the fund and that is a good thing. U.S. telecom ETFs have seen their laggard status grow as 10-year Treasury yields have surged. Since April 30, VOX is up just 2.9%, placing it among scores of income-generating ETFs that have been pinched due to their sensitivity to rising rates. [Low Vol ETFs Take Their Lumps] On the other hand, IST has jumped 14.1% since April 30, a time frame in which 10-year Treasury yields soared 71.2%.
Schwab ETFs(TM) Report Zero Capital Gains Distributions in 2013
Large-Cap Growth ETF(TM) (SCHG) for the “U.S. ETF Large Growth” category; and Schwab International Equity ETF(TM) (SCHF) for the “U.S. ETF Foreign Large Blend” category. Schwab remains an industry leader in serving ETF investors. The company launched Schwab ETFs in November 2009, becoming the first to introduce commission-free online trading of ETFs in client accounts(1) . In addition, all of Schwab’s market-cap weighted proprietary ETFs have the lowest operating expense ratios in their respective Lipper categories(2) .
Emerging ETF Rises as Gazprom Leads Energy Shares Higher
The Budapest Stock Exchange Index rallied the most in a month as OTP Bank Nyrt., Hungary s largest lender, jumped after the supreme court ruled against voiding $17 billion of foreign-currency mortgage loans. China, India The Shanghai Composite Index (SHCOMP) dropped the most in a month as an unexpected decline in a manufacturing index heightened concern growth is decelerating. Jiangxi Copper Co. and Aluminum Corp. of China Ltd.