Shipping ETF Looks for More Upside
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SEA does not feature any of those companies among its 27 holdings. The ETFs largest holding is Denmarks A.P. Moller Maersk, which operates across multiple businesses, not just shipping. The company had $59 billion in revenue in 2012. SEA is also home to Teekay LNG Partners ( TGP ), a shipper of liquefied natural gas, and Teekay LNG Partners ( TOO ), a provider of offshore oil storage services.
U.S. stock fund and ETF styles for your 2014 buy list
Resolution of Washingtons budget battles and the Federal Reserves decision to begin cutting back, or tapering, its economy-boosting bond-buying program lifted a cloud of uncertainty hanging over investors, and contributed to a fourth-quarter surge that tacked more than 9% on average onto stock funds and ETFs. The best U.S. stock fund category in 2013 was small-cap growth, up 41% for the year, though its 8.1% fourth-quarter return trailed its large-cap peers by more than two percentage points. Lord Abbett Securities Trust Micro-Cap Growth Fund /quotes/zigman/399298/realtime LMIYX +0.52% led the group with a 78.6% yearly gain, followed by Oberweis Micro-Cap Fund /quotes/zigman/158847/realtime OBMCX +0.95% , up 64.9%. Large-cap stock funds averaged a roughly 33% gain, keeping pace with the S&P 500.
In with the new: Unusual ETFs in 2014
When you buy the CSI 300 index you are buying into many more companies, in a less concentrated index to be sure, but not enough to make a massive difference, especially when it comes to expenses, which in the case of the ASHR fund are over 1% per annum. Id also note in passing that local investors who dominate the onshore markets such as CSI 300 are .. [read more] still a notoriously fickle, bearish bunch who havent been keen to chase up local share prices. In fact, the CSI 300 index has been a relative dog of an index when compared to its peers. My sense is that local investors still need to be convinced that the recent plenum reforms actually amount to something really important until they do, theyll probably stay on the side lines, keeping local markets under-valued. When that domestic sentiment turns, Id absolutely be watching A-shares and local markets, but until then Id be more inclined to pick my indices and sectors very carefully, focusing on those companies with a strong domestic/consumer/private enterprise/mid-cap flavour.
China ETFs: What’s your A-shares strategy like?
The Global X Guru fund (GURU) tracks large hedge funds’ portfolios, concentrating on U.S.-listed securities. The good: GURU has rocketed 67 percent since its inception in 2012. The bad: Its positions aren’t entirely timely, since they are rebalanced quarterly. Hedge funds aren’t required to reveal their positions until 45 days after each calendar quarter ends. As a result, GURU’s securities may be outdated by as many as 135 days. The ugly: It doesn’t necessarily reflect all of a hedge fund’s strategy because the funds are only required to disclose their publicly-traded stock positions.