And the influence of bank-loan ETFs grew during the week, to 14%of the outflow, or negative $211 million, from essentially nil the prior week. There have now been 15 weeks of outflows over the past 17 weeks, for a combined negative $8.5 billion over that span, which follows a record-shattering 95-week inflow streak totaling $66.7 billion. The trailing four-week average deepened to negative $689 million per week on average, from negative $302 million last week. This measure remains just under a recent peak, at $858 million in the week ended June 11. Year-to-date flows pushed deeper into negative territory, at $1.6 billion, based on a net withdrawal of $2.1 million from mutual funds set against a net inflow of $550 million to ETFs. In the comparable year-ago period, inflows were $35.3 billion, with 11% tied to ETFs.
Where Will Europe ETFs Go After Portugal Banking Woes? – ETF News And Commentary – NASDAQ.com
Junior bondholders and present stockholders will be left with losses (read: Portugal ETF: Canary in the Coal Mine for Europe Investing? ). Market Impact Initially, the financial shakiness in one of the major banks of Portugal has raised fears over European investing last week. Banco Espirito Santo shares plummeted about 67% last month. The core Portugal ETF Global X FTSE Portugal 20 ETF ( PGAL ) has shed more than 8% in the last three days (as of August 1, 2014).
SEC Allows PIMCO to Trade Derviatives in BOND ETF – Yahoo Finance
According to a recent filing , the SEC granted approval of proposed rule changes to modify the PIMCO Total Return ETF ( BOND ) , http://www.etftradingsignals.com an actively managed ETF version of PTTRX, to include derivative instruments. The SEC had previously issued a blanket ban on derivatives in new ETF filings due to concerns over risk exposure. However, the regulatory body lifted the freeze on active ETFs but remains wary about approving other applications from other providers. [ SEC Delays Approvals for Active ETFs with Derivatives ] PIMCO has maintained that derivatives can be an economically attractive substitute for an underlying physical security that the [ETF] would otherwise purchase by offering lower transaction costs or better valuations, reports Jackie Noblett for Ignites .
EGShares Beyond BRICs ETF Tops $250M in AUM – Yahoo Finance
The ETF has amassed $59.6 million in its asset base and sees light trading volume. The product seems to be slightly expensive with 70 bps in annual fees and has a dividend yield of 1.22%. CARZ has lost more than 3% during the past two weeks and currently carries a Zacks ETF Rank #4 or Sell rating, suggesting that the product is expected to underperform the market in the coming months. Additionally, both the U.S. and foreign auto industry has a poor Zacks Industry Rank coming in the bottom 37% to 39% , indicating rough trading ahead. Want the latest recommendations from Zacks Investment Research?
Steer Clear of The Car ETF After Mixed Auto Stock Earnings – Yahoo Finance
While $250 may not sound like a mammoth number in the context of other emerging markets ETFS, several of which have billions or tens of billions in assets, BBRCs ascent should be put into proper context. BBRCs performance has also been strong, up 11.26% year-to-date as of August 5, 2014, compared to 7.74% for the MSCI Emerging Markets Index, said the issuer. Excluding the BRIC nations means BBRC has missed out on epic rallies in Brazilian, Indian and, more recently, Chinese shares. However, the BRIC exclusion also means the ETF has dodged controversy and weakness associated with Russian stocks. [Russia ETFs Hit by New Sanctions] BBRC holds 92 stocks hailing from emerging and frontier markets.