Done Tech ETF Computes a New High By ETFtrends.com 10 hours ago 0 shares Content preferences Done For all the talk of an Internet and social media bubble and its imminent bursting, some technology sector exchange traded funds are, almost anonymously, delivering new highs to investors. In about as quiet fashion as a $12.3 billion ETF can operate, the Technology Select Sector SPDR ( XLK ) made a new 52-week high Thursday and followed up with another new high Friday. XLK, the second-largest sector ETF by assets behind the Financial Select Sector SPDR ( XLF ) , has been a beacon of durability and steadiness this year as investors have punished nearly anything with the Internet, momentum or social media labels. [High Quality Over Momentum ETFs] Up 4.6% year-to-date, XLK has not packed much in the way of excitement, but that has proven to be an advantage. As investors have become leery of the frothy valuations on once beloved Internet and social media offerings, XLKs comparatively bland (and inexpensive) lineup has firmed. The ETF has a P/E ratio of 15.44, according to State Street data.
ETF Preview: ETFs, Futures Flat to Higher; April New Home Sales Still Ahead – NASDAQ.com
We assign each ETF one of the five ranks within each risk bucket. Thus, the Zacks ETF Rank reflects the expected return of an ETF relative to other products with a similar level of risk. This ETF has a Zacks ETF Rank of 2 or Buy and is detailed below (see all European Equity ETF here ). IEV in Focus Launched in July 2000, IEV is a passively managed fund designed to deliver the return of the European equity asset class.
ETF – ETF Details
1.39%/$2.50p.a. Management Fee http://www.etftradingsignals.com/ Management Fee(%)? The amount an ETF pays to its fund manager for the work of overseeing the funds holdings. The fee is calculated daily and reflected in the funds net asset value.
You can buy an ETF with the click of a button. You cant do the same with the exotic underlying assets. The discrepancy has to show up somewhere in the food chain of investment-product pricing. The way it works in ETFs risks surprise and disappointment in a panic, assuming (as we should) investors dont understand the details. AFP The reason: The ease, convenience and mirror-image index tracking of ETFs dont happen automatically. ETFs depend on a complex ecosystem of authorized participants who tend to the markets health.
New gold ETF lets you swap shares for bars – – MSN Money
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. Reported net income rose to $162 million or $1.10 per diluted share from $138 million or $0.90 the year earlier and comparable store sales rose 7.6%. Winners and Losers Financial Select Financial Sector SPDRs (XLF) was flat. Direxion Daily Financial Bull 3X shares (FAS) was up 0.22%.
Are ETFs Like ‘Hotel California’? – Focus on Funds – Barrons.com
The SPDR Gold Trust, often referred to just as GLD, allows for a shares-for-physical-gold exchange too, but it’s definitely not for the Average Joe investor. GLD investors who have a position in excess of 1 basket — a set amount of shares, which for the GLD ETF is 100,000 shares,worth about$12.4 million at current prices– can exchange their shares for physical gold, according to Will Rhind, a managing director at the World Gold Council, an organization that sponsors the SPDR Gold Trust. The exchanges are done by authorized participants, which are typically big investment banks, said Rhind. “Because of the size of the baskets (100,000 shares for GLD), individual investors aren’t likely to have a position big enough for a redemption. The people who are creating baskets or redeeming shares are generally on the institutional level.” Gold is delivered in ‘LBMA Good Delivery bars,’ which can weigh 400 ounces to 430 ounces.