After Oil Etf’s Breakout, Chart Watchers Eye What’s Next For Uso

Holdings of the rand-denominated NewPlat ETF, as the fund is known, increased by nearly 12,000 ounces on Thursday to 579,198 ounces, Absa’s head of investments Vladimir Nedeljkovic said. That puts its platinum reserves above those of the next largest platinum exchange-traded product, New York’s ETFS Physical Platinum, which holds 572,409 ounces of metal. “We listed another 1.2 million debentures today, getting the fund size to 579,198 ounces of platinum,” Nedeljkovic told Reuters on Thursday. “With today’s creation, we did become the largest platinum fund in the world.” NewPlat added half a million ounces of metal in only 10 weeks after its launch on April 26, a level of reserves it took the New York fund two years to achieve.
Source: http://www.reuters.com/article/2013/08/29/platinum-etf-idUSL6N0GU2WG20130829

But others say its worth taking a bearish stance, noting that the United States Oil Fund /quotes/zigman/413712 /quotes/nls/uso USO struggled around its current levels in 2011 and 2012. Any type of retaliation or conflict in Syria could lead to a very rapid surge higher in USO , wrote Fabian Capital Management in a blog post on Wednesday. It said the easiest way to benefit from a surge in oil prices is to use an ETF that is directly correlated with crude such as USO. However, buying USO can lead to certain tax headaches, added Fabian Capital, which contributes to MarketWatchs RetireMentors columns. Another option that avoids those particular headaches is the iPath S&P Goldman Sachs Crude Oil ETN
Source: http://blogs.marketwatch.com/thetell/2013/08/29/after-oil-etfs-breakout-chart-watchers-eye-whats-next-for-uso/

IShares S&P 100 ETF Experiences Big Outflow

Among the largest underlying components of OEF, in trading today Coca-Cola Co ( KO ) is up about 0.1%, Philip Morris International Inc ( PM ) is up about 0.1%, and Verizon Communications Inc ( VZ ) is lower by about 0.6%. For a complete list of holdings, visit the OEF Holdings page Click here to find out which 9 other ETFs experienced notable outflows The chart below shows the one year price performance of OEF, versus its 200 day moving average: Looking at the chart above, OEF’s low point in its 52 week range is $61.45 per share, with $76.71 as the 52 week high point that compares with a last trade of $73.46. 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. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
Source: http://www.thestreet.com/story/12023146/1/ishares-sampp-100-etf-experiences-big-outflow.html

Euro Has a Bad Week: Weekly Currency ETF Report

for military action and the euro went on a steep slide that continued through the week On Friday, the euro sank to a low of $1.3182 after Eurostat reported that the Eurozone inflation rate retreated to 1.3 percent in July from 1.6 percent in June. Economists were expecting a less-significant decline to 1.4 percent. Eurostat also reported that the unemployment rate for the Eurozone remained unchanged in August at a dismal 12.0 percent. The currency made a choppy advance through the rest of the session to finish the week a $1.3223 just above its 50-day moving average of $1.3194. The overhead resistance FXE was experiencing at $133 has become a forgotten fantasyland. At this point, FXE is struggling to remain above its 50-day moving average of $130.65, which it fell below at 10:45 on Friday for 33 minutes. With the gap between its 50-day moving average and its 200-day moving average narrowed to only their website 46 cents, FXE is at risk of a death cross. The Relative Strength Index for FXE sank to 43.35 from last Fridays close at 58.78. The MACD has now crossed below the signal line, suggesting that FXE will continue to decline.
Source: http://wallstreetsectorselector.com/2013/08/euro-has-a-bad-week-weekly-currency-etf-report/

First Trust launches first actively managed Senior Loan ETF in Canada

Leveraged Loan 100 Index. “First Trust Canada is pleased to offer Canadians the first actively managed senior loan ETF. We believe an allocation to senior loans may address two issues critical to investors in today’s low interest rate environment: the search for yield and the desire for protection against rising interest rates. The First Trust Senior Loan ETF (CAD-Hedged) is the latest example of our commitment to Canadian investors to developing ETFs that democratize access to asset classes and strategies normally only available to institutional investors” said Fraser Howell, President & CFO at FT Portfolios Canada Co. “We are equally pleased to tap the expertise of the Leveraged Finance Investment Team of our affiliate, First Trust Advisors L.P., a group of experienced senior loan and high yield managers in the U.S., to manage the Fund,” Mr.
Source: http://online.wsj.com/article/PR-CO-20130828-903862.html

State Street to Open Emerging Market ETF Without BRIC Countries

and BlackRock Inc. (BLK) , which hold a combined $84.6 billion, or 83 percent of all money in U.S. registered emerging-market equity ETFs that dont use leverage, according to data compiled by Bloomberg. State Streets top entry in the category is the $749 million SPDR S&P Emerging Markets SmallCap ETF. U.S.-based emerging-market ETFs have lost $20.7 billion, or about 17 percent of assets, this year as investors have withdrawn from funds and the value of their holdings has declined.
Source: http://www.bloomberg.com/news/2013-08-28/state-street-to-open-emerging-market-etf-without-bric-countries.html

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