China Etf Hedging Costs At Record Low On Stimulus Wagers – Bloomberg

Instead, theyre getting a 30-stock fund thats 8% Visa /quotes/zigman/502306/delayed /quotes/nls/v V and underweight sectors like tech and consumer non-cyclicals, while overweighting industrials. Hougan deploys words like dinosaur and nice historical artifact to describe the Dow. Its a bicycle with a giant wheel in the front, he said Tuesday. That type of old-timey bicycle is shown in the adjacent photo. So why is the Dow ETF even around?
Source: http://blogs.marketwatch.com/thetell/2014/06/11/why-the-dow-etf-is-losing-assets-and-a-little-bit-dangerous/

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. 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.nasdaq.com/article/noteworthy-etf-inflows-hyg-cm361591

Mixed News about China: Weekly International ETF Report

The government stimulus is still much more muted than weve seen in the past, which reflects reluctance to re-inflate credit bubbles, Lascelles said in a phone interview from Toronto last week. Policy makers are walking a tightrope, attempting to keep the economy going without encouraging further credit excesses. In my opinion, this will be hard to do. Communist Policy The Communist Party is trying to boost growth without repeating the mistakes of its $586 billion stimulus begun in 2008, which caused a record buildup of debt and inflated property bubbles. President Xi Jinping said earlier this year that the nation needs to adapt to a new normal in the pace of growth. Fiscal policy measures announced in April should help authorities reach this years growth target, although most of the investments will be debt financed and likely add to imbalances and vulnerabilities, the World Bank said in a June report.
Source: http://www.bloomberg.com/news/2014-06-15/china-etf-hedging-costs-at-record-low-on-stimulus-wagers.html

PSUs’ ETF gives 56% returns in just 75 days – The Times of India

It seems as though most of the commentary concerning Chinas economy although remaining relatively upbeat usually contains some apprehensive discussion about the downside risks which lie ahead. The June, 2014 edition of the World Banks Global Economic Prospects report had this to say about Chinas economy: Growth for China is expected to ease gradually to 7.6 percent in 2014 and to 7.4 percent by 2016, with less, but only gradually declining reliance on credit-induced investment-led growth. 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 redirected 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.
Source: http://www.wallstreetsectorselector.com/investment-articles/editors-desk/2014/06/mixed-news-china-weekly-international-etf-report/

JPMorgan’s ETF Debut Set for Tuesday – Focus on Funds – Barrons.com

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Source: http://timesofindia.indiatimes.com/business/india-business/PSUs-ETF-gives-56-returns-in-just-75-days/articleshow/36365722.cms

Why the Dow ETF is losing assets and ‘a little bit dangerous’ – The Tell – MarketWatch

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. Do you really want to call these ETFs smart beta? I put the question toBob Deutsch, head of JPMs ETF business, earlier this year.
Source: http://blogs.barrons.com/focusonfunds/2014/06/13/jpmorgans-etf-debut-set-for-tuesday/

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