USD ETFs EQUITY-FIXED INCOME-CURRENCY-COMMODITY. One Day - One Chart Absolute Scoring

Size: px
Start display at page:

Download "USD ETFs EQUITY-FIXED INCOME-CURRENCY-COMMODITY. One Day - One Chart Absolute Scoring"

Transcription

1 1 / 6 USD ETFs One Day - One Chart Absolute Scoring Page 1 : Front page Page 2 : One Day - One chart page 3-4 : ETFs (equity-fixed income-currency-commodities) ABSOLUTE SCORING & RANKING (sorted by Scoring) page 5 : T&T 60 ETFs sample page 6 : Scoring and Chart read mode - Disclaimer

2 VanEck Vectors Gold Miners ETF ETFs One DAY - One CHART TREND Reverse Level 16-Sep-16 Short Term - BEAR 28,00 Medium Term BULL 24,50 DETAILS Long Term - 1 BULL 22,50 2/6 huteauth@trendandtiming,com Phone :33 (0)

3 3/6 T&T 60 ETFs sample (USD) ABSOLUTE SCORING SEGMENT RIC NAME 15-Sep-16 AVG AVG AVG AVG AVG AVG AVG AVG AVG AVG AVG ABSOLUTE TREND LAST % change -9% 1,5 43,5-0,8 1,0 3,2-2,3-1,9 1,1 5,1 3,2 Equity: Global Gold Miners GDX VanEck Vectors Gold Miners ETF reduce BULL 26,18 0,65-29% 25,4 38,3-9,3 0,1 26,7-6,2-13,8 5,0 34,8 90,3 Equity: Brazil - Total Market EWZ ishares MSCI Brazil Capped ETF reduce BULL 32,92 2,97-25% 16,8 44,0-2,0 9,9 26,8-6,2-4,6 16,4 23,4 46,2 Commodities: Precious Metals Silver SLV ishares Silver Trust reduce BULL 18,04 0,11-11% 13,5 44,1-2,8 5,2 15,8-3,1-3,4 10,1 24,8 34,2 Equity: China - Total Market MCHI.O ishares MSCI China ETF BULL 48,32 1,62-4% 7,1 57,6 4,4 11,4 11,4-1,9 2,4 15,7 16,3 3,4 Currency: Japanese Yen FXY CurrencyShares Japanese Yen Trust BULL 94,55 0,27-17% 6,9 51,0 0,0 3,2 9,3 0,4-1,9 2,5 10,8 20,1 Commodities: Precious Metals Gold GLD SPDR Gold Trust reduce BULL 125,37-0,64 27% 6,7 37,0-1,6 1,5 8,0-1,7-2,4 3,7 7,5 23,0 Equity: China - Large Cap FXI ishares MSCI Eurozone ETF BULL 37,95 1,85-17% 5,7 53,3 2,8 9,6 9,6-2,7 1,1 13,4 15,0 1,3 Equity: Russia - Total Market RSX VanEck Vectors Russia ETF BULL 18,42 1,38-7% 5,4 46,6 0,3 4,8 11,9-3,7-2,5 4,5 14,6 10,4 Equity: Emerging Markets - Total MarkEEM ishares MSCI Emerging Markets ETF reduce BULL 36,76 1,72-25% 4,7 47,0-0,2 5,5 9,1-3,2-1,9 7,7 9,8 8,1 Equity: U.S. - Large Cap QQQ.O PowerShares QQQ Trust BULL 117,64 1,55-3% 4,6 58,5 1,2 5,9 7,7 0,3 0,3 9,4 9,8 3,2 Equity: U.S. - Small Cap IWM ishares Russell 2000 ETF reduce BULL 122,04 1,19-23% 4,2 45,8-0,2 4,8 8,1-2,5 0,0 6,0 13,7 2,5 Equity: U.S. - High Dividend Yield DVY ishares Select Dividend ETF reduce BULL 85,01 0,82-40% 3,3 41,6-1,7 1,0 6,5-2,6-1,9 1,5 5,7 10,5 Fixed Income: Emerging Markets - Sov EMB ishares JP Morgan USD Emerging Markets Bo reduce BULL 115,68 0,42-20% 2,8 38,1-0,8 1,7 4,9-1,5-1,7 2,8 5,7 6,7 Equity: Canada - Total Market EWC ishares MSCI Canada ETF reduce BULL 25,09 1,37-17% 2,7 40,2-1,4 1,0 6,5-3,6-3,0 0,6 8,0 7,8 Equity: U.S. Biotech IBB.O ishares NASDAQ Biotechnology ETF 290,15 1,48-11% 2,7 58,8 0,7 5,4 0,8 0,7-0,3 13,9 15,1-13,2 Equity: U.S. - Large Cap RSP Guggenheim S&P 500 Equal Weight ETF reduce BULL 82,63 1,00-25% 2,5 42,7-1,3 1,9 5,7-2,2-1,6 2,8 6,6 4,7 Equity: U.S. - Large Cap Value IWD ishares Russell 1000 Value ETF reduce BULL 104,88 0,91 11% 2,3 42,5-1,0 1,9 5,4-2,3-1,3 2,1 7,1 4,1 Equity: Developed Asia-Pacific Ex-JapaEPP ishares MSCI Pacific ex-japan ETF reduce BULL 40,81 1,80-33% 2,3 46,5-1,5 2,0 5,4-2,3-2,5 3,4 5,3 4,9 Equity: U.S. - Large Cap VV Vanguard Large Cap Index Fund reduce BULL 98,71 1,02-34% 2,3 45,5-0,9 2,0 5,0-1,5-1,3 3,4 6,2 3,2 Equity: U.S. - Total Market IWV ishares Russell 3000 ETF reduce BULL 127,24 1,04 13% 2,3 45,3-0,9 2,1 5,1-1,7-1,2 3,0 6,8 2,9 Fixed Income: U.S. - Corporate High Yi HYG ishares iboxx $ High Yield Corporate Bond ET reduce BULL 85,89 0,59-44% 2,3 43,6-0,2 1,9 3,7-0,8-0,7 2,3 6,1 3,4 Equity: U.S. - Large Cap IWB ishares Russell 1000 ETF reduce BULL 119,62 0,99-15% 2,1 44,9-0,9 1,8 4,8-1,6-1,4 2,8 6,2 2,9 Equity: U.S. - Total Market VTI Vanguard Total Stock Market Index Fund reduce BULL 110,05 1,03-10% 2,0 42,5-1,3 1,8 4,8-2,1-1,7 3,1 6,4 2,7 Equity: U.S. - Large Cap Growth VUG Vanguard Growth Index Fund reduce BULL 111,18 1,10-22% 2,0 47,4-0,9 2,1 4,6-1,2-1,5 3,9 6,1 1,6 Fixed Income: U.S. - Corporate High Yi JNK SPDR Barclays High Yield Bond ETF 36,17 0,53-32% 2,0 41,5-0,4 1,9 3,5-1,0-0,9 2,2 6,4 2,3 Equity: U.S. - Large Cap Growth IWF ishares Russell 1000 Growth ETF 103,57 1,13-6% 2,0 48,1-0,9 1,8 4,4-1,0-1,4 3,5 5,3 2,1 Fixed Income: U.S. Government TreasuTLT.O ishares 20+ Year Treasury Bond ETF 133,67-0,43-8% 1,9 21,0-3,6-1,0 3,1-3,0-4,0 0,1 3,1 10,1 Equity: U.S. - Large Cap Value VTV Vanguard Value Index Fund 86,10 0,95 0% 1,7 38,6-1,7 1,1 4,4-2,7-2,1 2,0 5,4 3,6 Equity: U.S. - Large Cap SPLV.K Powershares S&P 500 Low Volatility Portfolio 41,15 0,71-37% 1,4 39,7-2,6-0,7 3,9-2,2-2,7-0,6 3,2 6,3 Currency: Euro FXE CurrencyShares Euro Trust 109,50-0,04 38% 1,2 54,9 0,5-0,1 0,8-0,1-0,4-0,2 0,0 5,8 Fixed Income: U.S. Government TreasuIEF ishares 7-10 Year Treasury Bond ETF 110,97 0,03-30% 1,1 37,3-0,9-0,3 1,4-0,5-1,0 0,0 1,5 4,3 Equity: Japan - Total Market EWJ ishares MSCI Japan ETF 12,19 0,49-26% 0,9 39,5-0,2 3,0 3,4-2,7-1,6 3,6 5,8-1,5 Fixed Income: U.S. - Broad Market InveBND Vanguard Total Bond Market Index Fund 83,58 0,08-28% 0,8 35,1-0,7 0,0 1,3-0,5-0,8 0,3 1,5 2,8 Fixed Income: U.S. Government TIPS TIP ishares TIPS Bond ETF 114,76-0,03-9% 0,8 31,6-1,0-0,5 1,5-1,0-1,1 0,0 1,3 3,6 Fixed Income: U.S. - Broad Market InveAGG ishares Core U.S. Aggregate Bond ETF 111,72 0,06-9% 0,8 35,4-0,6 0,0 1,3-0,4-0,8 0,3 1,4 2,7 vol D / vol5 D SCORING RSI daily MA40 MA120 MA250 5 D 1 M 3 M 6 M 10 M huteauth@trendandtiming.com phone : +33 (0)

4 4/6 T&T 60 ETFs sample (USD) ABSOLUTE SCORING SEGMENT RIC NAME 15-Sep-16 AVG AVG AVG AVG AVG AVG AVG AVG AVG AVG AVG ABSOLUTE TREND LAST % change -9% 1,5 43,5-0,8 1,0 3,2-2,3-1,9 1,1 5,1 3,2 Fixed Income: U.S. Government TreasuIEI ishares 3-7 Year Treasury Bond ETF 126,20 0,12-5% 0,7 49,1-0,3 0,0 0,8 0,0-0,3 0,0 0,9 2,4 Currency: Swiss Franc FXF CurrencyShares Swiss Franc Trust 98,54 0,19 174% 0,7 53,5 0,2-0,2 0,5 0,1-1,0-1,3-0,4 4,8 Fixed Income: U.S. Government Agenc MBB ishares MBS ETF 109,89 0,05-37% 0,4 53,9 0,0 0,2 0,6-0,1 0,0 0,4 0,8 0,8 Equity: Switzerland - Total Market EWL ishares MSCI Switzerland Capped ETF 30,54 0,73-31% 0,4 50,1 0,6 1,2 1,1-1,3-0,6-0,2 4,3-1,1 Fixed Income: U.S. Government TreasuSHY ishares 1-3 Year Treasury Bond ETF 85,06 0,08 191% 0,2 62,2 0,0 0,0 0,2 0,1 0,0 0,0 0,3 0,6 Equity: Netherlands - Total Market EWN ishares MSCI Netherlands ETF 24,54 0,82-53% -0,1 42,6 0,3 1,2 2,2-2,5-0,4 1,2 0,9-0,8 Equity: Germany - Total Market EWG ishares MSCI Germany ETF 26,10 0,81 2% -0,4 44,4 0,3 2,1 2,4-2,1-1,7 1,4 3,4-4,2 Commodities: Broad Market DJP ipath Bloomberg Commodity Index Total Retu 22,80 0,44-84% -0,6 41,2-1,5-2,2 0,4-2,6-3,8-7,2 4,9 2,5 Equity: Developed Markets Ex-U.S. - ToEFA ishares MSCI EAFE ETF 58,24 0,87 7% -0,7 43,2-0,2 1,0 1,0-2,4-1,2-0,2 2,7-4,0 Equity: Developed Europe - Large Cap IEV ishares Europe ETF 39,17 0,80 62% -1,3 44,4 0,1 0,4-0,4-2,5-0,7 0,4 1,6-5,9 Commodities: Energy DBE PowerShares DB Energy Fund 11,76 1,29-41% -1,6 45,1 0,2 0,0 1,0-4,5-4,5-7,6 11,6-6,4 Equity: Developed Europe - Total MarkEZU ishares MSCI Eurozone ETF reduce BEAR 34,12 0,71 36% -2,1 42,0 0,2 0,5-0,4-3,0-1,0-1,5 0,5-6,7 Equity: France - Total Market EWQ ishares MSCI France ETF 23,81 0,38-58% -2,2 38,2-0,5-0,5-1,0-3,4-1,5-2,6 0,3-5,5 Equity: U.K. - Total Market EWU ishares MSCI United Kingdom ETF 15,74 1,09-45% -2,5 44,6-0,1-0,1-1,3-2,3-0,7-4,0 1,5-8,4 Equity: Developed Europe - Large Cap FEZ SPDR Euro STOXX 50 ETF 32,62 0,62-51% -2,8 39,8-0,1-0,3-2,2-3,5-1,1 0,1-0,5-9,7 Equity: Spain - Total Market EWP ishares MSCI Spain Capped ETF reduce BEAR 26,80 0,56-53% -3,4 46,7 1,7 0,4-3,2-3,9 1,8-1,4-1,5-12,0 Commodities: Agriculture DBA PowerShares DB Agriculture Fund BEAR 20,12 0,35-29% -3,4 33,3-2,3-4,6-3,3-1,8-3,3-9,3-3,6-1,9 Equity: Turkey - Total Market TUR ishares MSCI Turkey ETF BEAR 37,95 1,66-29% -4,2 43,8-0,8-5,8-3,5-2,8-4,7-6,3-10,3-0,9 Currency: Pound Sterling FXB CurrencyShares British Pound Sterling Trust reduce BEAR 129,40 0,06 44% -5,7 50,7 0,6-4,2-7,7-0,4 1,6-9,5-7,2-12,3 Equity: Mexico - Total Market EWW ishares MSCI Mexico Capped ETF BEAR 47,43-0,52 15% -7,9 20,4-6,9-6,8-6,9-6,5-10,6-4,4-10,4-11,5 Equity: Italy - Total Market EWI ishares MSCI Italy Capped ETF BEAR 11,16 0,63-29% -8,5 40,4 0,0-3,4-10,6-4,7-0,4-7,0-8,3-22,4 Equity: Greece - Total Market GREK.K Global X MSCI Greece ETF BEAR 6,99-0,14 29% -8,6 29,0-4,1-8,1-12,1-6,9-5,0-12,2-2,1-19,7 Commodities: Energy Crude Oil USO United States Oil Fund LP 10,14 0,50 3% -9,2 37,9-2,3-6,6-9,9-7,5-7,7-14,7 1,3-21,6 Alternatives: Volatility VXX ipath S&P 500 VIX Short-Term Futures ETN reduce BEAR 39,38-3,69-32% -23,2 59,0 2,7-25,8-44,7 17,5 7,7-32,4-48,3-47,6 Leveraged Alternatives: Volatility UVXY.K ProShares Ultra VIX Short-Term Futures ETF reduce BEAR 22,63-7,63-42% -40,7 57,0 1,2-56,9-80,7 33,7 11,4-62,5-80,1-83,2 vol D / vol5 D SCORING RSI daily MA40 MA120 MA250 5 D 1 M 3 M 6 M 10 M huteauth@trendandtiming.com phone : +33 (0)

5 5/6 T&T 60 ETFs sample (USD) SEGMENT RIC NAME SEGMENT RIC NAME Alternatives: Volatility VXX ipath S&P 500 VIX Short-Term Futures ETN Equity: Spain - Total Market EWP ishares MSCI Spain Capped ETF Commodities: Agriculture DBA PowerShares DB Agriculture Fund Equity: Switzerland - Total Market EWL ishares MSCI Switzerland Capped ETF Commodities: Broad Market DJP ipath Bloomberg Commodity Index Total Return ETN Equity: Turkey - Total Market TUR ishares MSCI Turkey ETF Commodities: Energy DBE PowerShares DB Energy Fund Equity: U.K. - Total Market EWU ishares MSCI United Kingdom ETF Commodities: Energy Crude Oil USO United States Oil Fund LP Equity: U.S. - High Dividend Yield DVY ishares Select Dividend ETF Commodities: Precious Metals Gold GLD SPDR Gold Trust Equity: U.S. - Large Cap RSP Guggenheim S&P 500 Equal Weight ETF Commodities: Precious Metals Silver SLV ishares Silver Trust Equity: U.S. - Large Cap IWB ishares Russell 1000 ETF Currency: Euro FXE CurrencyShares Euro Trust Equity: U.S. - Large Cap QQQ.O PowerShares QQQ Trust Currency: Japanese Yen FXY CurrencyShares Japanese Yen Trust Equity: U.S. - Large Cap SPLV.K Powershares S&P 500 Low Volatility Portfolio Currency: Pound Sterling FXB CurrencyShares British Pound Sterling Trust Equity: U.S. - Large Cap VV Vanguard Large Cap Index Fund Currency: Swiss Franc FXF CurrencyShares Swiss Franc Trust Equity: U.S. - Large Cap Growth IWF ishares Russell 1000 Growth ETF Equity: Brazil - Total Market EWZ ishares MSCI Brazil Capped ETF Equity: U.S. - Large Cap Growth VUG Vanguard Growth Index Fund Equity: Canada - Total Market EWC ishares MSCI Canada ETF Equity: U.S. - Large Cap Value IWD ishares Russell 1000 Value ETF Equity: China - Large Cap FXI ishares China Large-Cap ETF Equity: U.S. - Large Cap Value VTV Vanguard Value Index Fund Equity: China - Total Market MCHI.O ishares MSCI China ETF Equity: U.S. - Small Cap IWM ishares Russell 2000 ETF Equity: Developed Asia-Pacific Ex-Japan - Total Market EPP ishares MSCI Pacific ex-japan ETF Equity: U.S. - Total Market IWV ishares Russell 3000 ETF Equity: Developed Europe - Large Cap IEV ishares Europe ETF Equity: U.S. - Total Market VTI Vanguard Total Stock Market Index Fund Equity: Developed Europe - Large Cap FEZ SPDR Euro STOXX 50 ETF Equity: U.S. Biotech IBB.O ishares NASDAQ Biotechnology ETF Equity: Developed Europe - Total Market EZU ishares MSCI Eurozone ETF Fixed Income: Emerging Markets - Sovereign EMB ishares JP Morgan USD Emerging Markets Bond ETF Equity: Developed Markets Ex-U.S. - Total Market EFA ishares MSCI EAFE ETF Fixed Income: U.S. - Broad Market Investment Grade AGG ishares Core U.S. Aggregate Bond ETF Equity: Emerging Markets - Total Market EEM ishares MSCI Emerging Markets ETF Fixed Income: U.S. - Broad Market Investment GradeVanguardBND Vanguard Total Bond Market Index Fund Equity: France - Total Market EWQ ishares MSCI France ETF Fixed Income: U.S. - Corporate High Yield HYG ishares iboxx $ High Yield Corporate Bond ETF Equity: Germany - Total Market EWG ishares MSCI Germany ETF Fixed Income: U.S. - Corporate High Yield JNK SPDR Barclays High Yield Bond ETF Equity: Global Gold Miners GDX VanEck Vectors Gold Miners ETF Fixed Income: U.S. Government Agency MBS MBB ishares MBS ETF Equity: Greece - Total Market GREK.K Global X MSCI Greece ETF Fixed Income: U.S. Government TIPS TIP ishares TIPS Bond ETF Equity: Italy - Total Market EWI ishares MSCI Italy Capped ETF Fixed Income: U.S. Government Treasury Intermediate IEI ishares 3-7 Year Treasury Bond ETF Equity: Japan - Total Market EWJ ishares MSCI Japan ETF Fixed Income: U.S. Government Treasury Intermediate IEF ishares 7-10 Year Treasury Bond ETF Equity: Mexico - Total Market EWW ishares MSCI Mexico Capped ETF Fixed Income: U.S. Government Treasury Long-Term TLT.O ishares 20+ Year Treasury Bond ETF Equity: Netherlands - Total Market EWN ishares MSCI Netherlands ETF Fixed Income: U.S. Government Treasury Short-Term SHY ishares 1-3 Year Treasury Bond ETF Equity: Russia - Total Market RSX VanEck Vectors Russia ETF Leveraged Alternatives: Volatility UVXY.K ProShares Ultra VIX Short-Term Futures ETF huteauth@trendandtiming.com phone : +33 (0)

6 6/6 Easy reading for the CHARTS: T&T LT d : daily Long Term indicator (6 month+) showing a bull trend above 0 (green) or a bearish one below 0 (red), For 0, it still get the previous color trend. T&T ST trend : short term indicator (1 month+) showing a bull trend above 0 (green) or a bearish one below 0 (red), For 0, it still get the previous color trend. T&T osc* : First : to get a bullish trend, we need an oscillator above 1. Second : the MA red or green shows the oscillator momentum. The cross between the indicator and the moving average can be used as trading signal. To be more efficient, you may open a bull trade only if the cross and the indicator are above 1. When the indicator is above 1 and the cross indicates a sell signal, it is not a sell signal, it is only time to close the trade. T&T cumul position : it is a synthesis of several ST and LT T&T indicators: it gives an idea of the trend and its strength. T&T CMF : Chaikin money flow indicates accumulation (green) or distribution (red) volume. On the main chart, we use a channel made of two moving averages to determine the trend. We need a close above the upper one to become bullish. On the opposite, a close below the lowest moving average and we get a bearish signal (red). If a buying trade is already running and then the price comes down between the 2 moving averages, you can accumulate more positions as long as we don't see a close below the lowest moving average. We use also 3 sophisticated moving averages. (small, medium and large red dashes). Even if they their parameters are implemented to get a longer perspective, they are conceived to be also short term sensitive. Very often, they are useful as a projected support or resistance. IMPORTANT : our methodology is a mixed approach with results extracted from: trend following models, support-resistance levels, quantitative trend profile based on all index component. Don't be surprised if sometimes, the T&T trend appearing on the chart is different than the one indicated in the table with the ST,MT and LT trend and their own reversal levels. Charts are edited from ProRealtime.com Easy reading for the QUALITATIVE RANKING : This spreadsheet gives you a qualitative view of the index components based on technical indicators. On the top, you get the average value obtained from the index components. Just below, for each stocks, you get the difference between the components and the average result obtained with the index components. As usual, we use the green color to light up components beating the index and a red color for the opposite. The scoring is a T&T qualitative tool. It enables us to obtain a notation for each stock. We sort the sample from the best to the worst scoring. On the right of the spread sheet, we can appreciate for several time frame, how each stocks behave compared to the index. For example, If on the longest period a stock has beaten the index and if on the short term it does the opposite, it can be an opportunity to reduce the exposure on that instrument and if possible to reallocate funds in an instrument improving its short term performance!!! Rough data are coming from Thomson Reuters. Disclaimer : This document has been prepared solely for informational purposes, and is intended only fo use be the designated recipient(s). This information was obtained from sources we believe to be reliable, but its accuracy is not guaranteed. All information is subject to change without notice. This does not constitute a solicitation or offer to buy securities or sell secutities or any other instruments, or a recommandation with respect to any security or instrument mentioned herein. This is not a confirmation of t erms of any transaction. No representations are made herein with respect to availability, pricing or performance. Additional information available on request. This document should only be read by those persons to whom it is addressed and is not intended to be relied upon by any person without subsequent written confirmation of its contents. If you have received this e -mail message in error, please destroy it and delete it from your computer, Any form of reproduction, dissemination, copying, disclosure, modification, distribution and/or publication of this e-maim message is strictly prohibited. huteauth@trendandtiming,com Phone: 33 (0)

Franklin Templeton Investment Funds

Franklin Templeton Investment Funds Franklin Templeton Investment Funds Online ID Name CRNCY Description L4058R498 FRANK EUROPEAN GRWTH A ACC EUR The Fund's objective is long term capital appreciation. The Fund invests at least two thirds

More information

COMUNICACION INTERNA N 12.400

COMUNICACION INTERNA N 12.400 Santiago, 2 de septiembre de 2014 REF.: Modifica nombre de ETF s que se indican. COMUNICACION INTERNA N 12.400 Señor Corredor: Cumplo con informar a usted, que Deutsche Securities Corredores de Bolsa SpA

More information

Quant Conference June 2010. Michael Bos Anushree Laturkar

Quant Conference June 2010. Michael Bos Anushree Laturkar Quant Conference June 2010 ETF Trading Michael Bos Anushree Laturkar The US ETF universe holds about 800 billion dollars in assets Category Names Market Cap (B$) Broad-based US index 177 269 International

More information

2010-2013, Gary R. Evans. May be used only for non-profit educational use without permission of the author.

2010-2013, Gary R. Evans. May be used only for non-profit educational use without permission of the author. The physical gold collateral inventory held by SPDR for the GLD ETF: 899.99 tonnes worth $37,881,090,419.57 as of 2:00 PM PST, October 6, 2013. See http://www.spdrgoldshares.com USA ETPs: Exchange Traded

More information

Morgan Stanley Smith Barney LLC Futures Clearing Schedule Updated as of Feburary 27, 2013

Morgan Stanley Smith Barney LLC Futures Clearing Schedule Updated as of Feburary 27, 2013 Morgan Stanley Smith Barney LLC Futures Clearing Schedule Updated as of Feburary 27, 2013 Code uct Desc F/O Platform Trd Trd Trd AMEX American Stock Exchange Equity : AMEX12367 (3M) Opt Electronic 0.03

More information

How To Get A Better Return From International Bonds

How To Get A Better Return From International Bonds International fixed income: The investment case Why international fixed income? International bonds currently make up the largest segment of the securities market Ever-increasing globalization and access

More information

The IBS Effect: Mean Reversion in Equity ETFs

The IBS Effect: Mean Reversion in Equity ETFs The IBS Effect: Mean Reversion in Equity ETFs Alexander Soffronow Pagonidis Abstract I investigate mean reversion in equity ETF prices at the daily frequency by employing a simple technical indicator,

More information

Leveraged and Inverse ETFs: Strategies for a Changing Economy

Leveraged and Inverse ETFs: Strategies for a Changing Economy Leveraged and Inverse ETFs: Strategies for a Changing Economy Moderated by Tom Lydon President Global Trends Investments, Editor and Proprietor of ETFtrends.com Featuring Chad Norfolk CFP, Vice President

More information

1 yr Return (Mkt) DIAMONDS TRUST SERIES I -3.13% 10.44% SPDRs SPY Large Blend SPDR TRUST SERIES 1-2.01% 13.62%

1 yr Return (Mkt) DIAMONDS TRUST SERIES I -3.13% 10.44% SPDRs SPY Large Blend SPDR TRUST SERIES 1-2.01% 13.62% Matrix Settlement & Clearance Services, LLC 700 17 th Street Denver, C0 80202 PHONE 720.956.5400 About ETF s Exchange Traded Funds (ETF'S) consist of a basket of stocks or bonds that are formulated to

More information

financial DiScloSure report

financial DiScloSure report Filing ID #10001391 financial DiScloSure report Clerk of the House of Representatives Legislative Resource Center B-106 Cannon Building Washington, DC 20515 filer information name: Status: State/District:

More information

Registered country information Vanguard Investment Series plc and Vanguard Funds plc

Registered country information Vanguard Investment Series plc and Vanguard Funds plc Registered country information Vanguard Investment Series plc and Vanguard Funds plc The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

More information

BLACKROCK GLOBAL ETP LANDSCAPE

BLACKROCK GLOBAL ETP LANDSCAPE BLACKROCK GLOBAL ETP LANDSCAPE MONTHLY SNAPSHOT JANUARY 215 The opinions expressed are as of January 31st, 215 and may change as subsequent conditions vary. Summary BlackRock ETP Research A cross-regional

More information

Risk Mitigating Collar Strategy. Option-Based Risk Management In a Multi-Asset World

Risk Mitigating Collar Strategy. Option-Based Risk Management In a Multi-Asset World Risk Mitigating Collar Strategy Option-Based Risk Management In a Multi-Asset World OIC The Options Industry Council www.optionseducation.org About OIC The Options Industry Council (OIC) was created as

More information

J.P. Morgan Structured Investments

J.P. Morgan Structured Investments July 2012 J.P. Morgan Structured Investments The JPMorgan ETF Efficiente 5 Index Strategy Guide Important Information The information contained in this document is for discussion purposes only. Any information

More information

Beating the Market with ETFs and Tactical Asset Allocation

Beating the Market with ETFs and Tactical Asset Allocation Beating the Market with ETFs and Tactical Asset Allocation Marvin Appel, M.D., Ph.D. CEO, Appel Asset Management Corp. Great Neck, NY www.appelasset.com 516-487-7146 Beating the Market--outline Navigating

More information

Understanding the JPMorgan ETF Efficiente SM 5 Index

Understanding the JPMorgan ETF Efficiente SM 5 Index Fact Sheet Understanding the JPMorgan ETF Efficiente SM 5 Index FAM-1197 3/15 Important Information Disclaimers This document contains important information prepared by Symetra Life Insurance Company (

More information

SLV - ishares Silver Trust

SLV - ishares Silver Trust Timeline Astrologer's Fund View Levered ETF's Sep Exp 9/18/09 Buy SLV to mid-february Long AGQ 2nd Week October Double SLV position for 3 weeks Short ZSL SLV - ishares Silver Trust Theoretical $P/L and

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 DAVID PERLMAN Morgan Stanley Wealth Management David.Perlman@morganstanley.com

More information

CIO Flash Revisions to our 2016 global outlook Jan 25, 2016

CIO Flash Revisions to our 2016 global outlook Jan 25, 2016 CIO Flash Revisions to our global outlook Jan 25, +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH The global macro picture:

More information

MERCER PORTFOLIO SERVICE MONTHLY REPORT

MERCER PORTFOLIO SERVICE MONTHLY REPORT MERCER PORTFOLIO SERVICE MONTHLY REPORT MAY 206 Mercer Superannuation (Australia) Limited ABN 79 004 77 533 Australian Financial Services Licence # 235906 is the trustee of the Mercer Portfolio Service

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

Toms Market Outlook and Trade Alerts for Oct 19 th, 2014. Message from Tom

Toms Market Outlook and Trade Alerts for Oct 19 th, 2014. Message from Tom Toms Market Outlook and Trade Alerts for Oct 19 th, 2014 Message from Tom I believe the markets have finally cooled their selling ways, partly due to the fact that Ebola is not a concern like people thought

More information

High Probability ETF Trading For All

High Probability ETF Trading For All High Probability ETF Trading For All Version 2.6 Strategy Report Chris White, May 2012 Includes results to end of April 2012 Contents Disclaimer... 2 Summary... 3 The High Probability ETF Trading book

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

Exchange Traded Funds Eligible for Reporting as a Schedule D Bond

Exchange Traded Funds Eligible for Reporting as a Schedule D Bond Exchange Traded Funds Eligible for Reporting as a Schedule D Bond ETF NAME db X-trackers Municipal Infrastructure Revenue Bond Fund 233051705 Franklin Short Duration U.S. Government ETF 353506108 ishares

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds US ETF Weekly Update - Weekly Flows: $6.8 Billion Net Inflows -11 th Consecutive Week of Net Inflows - ETF Assets Stand at $1.4 Trillion, up 6% YTD - Two ETF Launches Last Week -

More information

A primer on ETFs. Tolmas Wong, CFA, Aug 2008

A primer on ETFs. Tolmas Wong, CFA, Aug 2008 A primer on ETFs Tolmas Wong, CFA, Aug 2008 Outline How ETFs work? The ETF revolution Key selling points Risk factors Equity ETFs Bond ETFs Commodity & currency ETFs ETFs on SGX Managing your ETF portfolios

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 DAVID PERLMAN Morgan Stanley Wealth Management David.Perlman@morganstanley.com

More information

TS Model Growth Portfolios

TS Model Growth Portfolios M A R K E T S C O M M O D I T I E S - C U R R E N C I E S TS Model Growth Portfolios : Q1 outlook Overview: Q1 is unfolding with minor volatility. January was a negative month on both the TSX and the benchmark

More information

J.J. Schenkelberg, CFA, Senior Portfolio Manager Case Eichenberger, Client Portfolio Manager

J.J. Schenkelberg, CFA, Senior Portfolio Manager Case Eichenberger, Client Portfolio Manager BEYOND THE AGG: 3 SOLUTIONS TO PUMP UP YIELD ON A TRADITIONAL BOND ETF PORTFOLIO J.J. Schenkelberg, CFA, Senior Portfolio Manager Case Eichenberger, Client Portfolio Manager For Professional Use Only.

More information

Ultimate ETF Income Guide: Bond ETFs

Ultimate ETF Income Guide: Bond ETFs Ultimate ETF Income Guide: Bond ETFs > By David and Michael Fabian At FMD Capital Management, our goal is to provide you with tools to enhance your income investing returns. With that goal in mind, we

More information

Asset Allocation Model Portfolios

Asset Allocation Model Portfolios February 2014 Asset Allocation Model Portfolios Christopher Eckert Portfolio Management Director Senior Vice President/Financial Advisor 320 Post Road West Westport, CT 06880 PHONE: 203-222-4057 TOLL-FREE:

More information

BLACKROCK GLOBAL ETP LANDSCAPE

BLACKROCK GLOBAL ETP LANDSCAPE BLACKROCK GLOBAL ETP LANDSCAPE MONTHLY SNAPSHOT MARCH The opinions expressed are as of March 31 st, and may change as subsequent conditions vary. Summary BlackRock ETP Research A cross-regional team analyzing

More information

9.6bn into European domiciled ETPs Despite Market Volatility Data in this report is as of 31st August 2015

9.6bn into European domiciled ETPs Despite Market Volatility Data in this report is as of 31st August 2015 Deutsche Bank Markets Research Europe Synthetic Equity & Index Strategy European Monthly ETF Market Review Date 10 September 2015 9.6bn into European domiciled ETPs Despite Market Volatility Data in this

More information

Figure 1: Global Aggregates: Industrial Production (% MoM Ann., 3M moving average)

Figure 1: Global Aggregates: Industrial Production (% MoM Ann., 3M moving average) Figure 1: Global Aggregates: Industrial Production (% MoM Ann., 3M moving average) World Advanced Economies Emerging Market Economies Notes: Nowcasts are in red. World is the PPP-weighted average of US,

More information

Over a Decade of Adoption through Multiple Market Cycles. What are ETFs? History $1,500

Over a Decade of Adoption through Multiple Market Cycles. What are ETFs? History $1,500 Over a Decade of Adoption through Multiple Market Cycles Agenda ETFs are used by Institutions, Advisors and Individual Investors What are ETFs? History $1,500 1,600 Characteristics How they work ETF Essentials

More information

Staying alive: Bond strategies for a normalising world

Staying alive: Bond strategies for a normalising world Staying alive: Bond strategies for a normalising world Dr Peter Westaway Chief Economist, Europe Vanguard Asset Management November 2013 This document is directed at investment professionals and should

More information

The 10-10 List of Stock Picks and ETF s Mike Swanson (12/02/13)

The 10-10 List of Stock Picks and ETF s Mike Swanson (12/02/13) The 10-10 List of Stock Picks and ETF s Mike Swanson (12/02/13) This is my list of 10 ETF s and 10 stocks to invest in. Before I get to them I want to tell you that there is a problem in inherent in almost

More information

SLVO Silver Shares Covered Call ETN

SLVO Silver Shares Covered Call ETN Filed pursuant to Rule 433 Registration Statement No. 333-180300-03 April 15, 2014 SLVO Silver Shares Covered Call ETN Credit Suisse AG, Investor Solutions April 2014 Executive Summary Credit Suisse Silver

More information

25 Simple ETF Portfolios

25 Simple ETF Portfolios 25 Simple ETF Portfolios Exchange-traded products have found their way into countless portfolios as investors of all walks have embraced these financial instruments for their ease-of-use, cost-efficiency,

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-2626 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

HSBC World Selection Funds April 30, 2016. Monthly Factsheets Class A and C Shares. Investment products: ARE NOT A BANK ARE NOT DEPOSIT OR

HSBC World Selection Funds April 30, 2016. Monthly Factsheets Class A and C Shares. Investment products: ARE NOT A BANK ARE NOT DEPOSIT OR HSBC World Selection Funds April 30, 2016 Monthly Factsheets Class A and C Shares Aggressive Strategy Fund Balanced Strategy Fund Moderate Strategy Fund Conservative Strategy Fund Income Strategy Fund

More information

New Record Monthly Inflow into European ETPs (Revised)

New Record Monthly Inflow into European ETPs (Revised) Deutsche Bank Markets Research Europe Synthetic Equity & Index Strategy European Monthly ETF Market Review Date 11 February 2015 New Record Monthly Inflow into European ETPs (Revised) Contributors Ari

More information

Economic & Market Outlook

Economic & Market Outlook Monthly Portfolio Commentary December 31, 2015 Economic & Market Outlook Stocks rebounded in 2015 s fourth quarter, but provided little reward for the year as a whole. The S&P 500 Index recovered from

More information

Index Solutions A Matter of Weight

Index Solutions A Matter of Weight Index Solutions A Matter of Weight Newsletter No. 11 Our current newsletter is about weight, or more precisely the weighting of equities in an index. Non-market capitalization weighted indices are at present

More information

Diversify portfolios with U.S. and international bonds

Diversify portfolios with U.S. and international bonds Diversify portfolios with U.S. and international bonds Investing broadly across asset classes such as stocks, bonds and cash can help reduce volatility and risk within a portfolio. Canadian investors have

More information

Exchange Traded Funds for Investment Portfolios

Exchange Traded Funds for Investment Portfolios Exchange Traded Funds for Investment Portfolios by Heinz Diebel heinz_diebel@msn.com Disclaimer Carefully consider investment objectives, risks factors and charges and expenses of any ETF before investing.

More information

to Wealth Management resources of one of the world s largest financial services firms. The Caribbean Group

to Wealth Management resources of one of the world s largest financial services firms. The Caribbean Group A Defined Approach to Wealth Management Giving UWI access to the combined resources of one of the world s largest financial services firms. The Caribbean Group The information in this presentation is intended

More information

Commodities & Forex Classical Chart Patterns Report

Commodities & Forex Classical Chart Patterns Report TWO WAYS TO SHARE: Commodities & Forex Classical Chart Patterns Report Week of August 24, 2014 1. Patterns in Play (CANADIAN $, EURO, AUSTRALIAN $, EUR-JPY, COFFEE, SOYBEANS, BRAZIL EQUITY INDEX, JAPANESE

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

TÍTULOS REPRESENTATIVOS DE ÍNDICES ACCIONARIOS APROBADOS EXCHANGE TRADED FUNDS REPRESENTATIVE OF EQUITY INDEXES APPROVED

TÍTULOS REPRESENTATIVOS DE ÍNDICES ACCIONARIOS APROBADOS EXCHANGE TRADED FUNDS REPRESENTATIVE OF EQUITY INDEXES APPROVED TÍTULOS REPRESENTATIVOS DE ÍNDICES ACCIONARIOS APROBADOS EXCHANGE TRADED FUNDS REPRESENTATIVE OF EQUITY INDEXES APPROVED AL 30 DE JULIO DE 2016 (AS OF JULY 30, 2016) Total Aprobados (Total approved) :

More information

AlphaSolutions Reduced Volatility Bull-Bear

AlphaSolutions Reduced Volatility Bull-Bear AlphaSolutions Reduced Volatility Bull-Bear An investment model based on trending strategies coupled with market analytics for downside risk control Portfolio Goals Primary: Seeks long term growth of capital

More information

EXCHANGE TRADED FUNDS

EXCHANGE TRADED FUNDS David T. Reilly, Director EXCHANGE TRADED FUNDS STRATEGIES FOR INVESTING Exchange Traded Funds, also know as ETF's, have experienced tremendous growth in assets and popularity over the past few years.

More information

Three new stock ETFs for greater global diversification

Three new stock ETFs for greater global diversification Three new stock ETFs for greater global diversification Canadian stocks account for less than 4% of publicly traded companies global market value. Investors in Canada, however, allocate 59% of their stock

More information

Annuity Linked TVI Index. Explained

Annuity Linked TVI Index. Explained Annuity Linked TVI Index Explained 1 Key Features of the Annuity Linked TVI Index The Index aims to deliver positive returns while moderating volatility regardless of market direction. The Index goal is

More information

Dynamic Diversified Growth Fund

Dynamic Diversified Growth Fund Dynamic Diversified Growth Fund with BlackRock Investment Management (UK) Limited Customer Brochure BlackRock is a truly global firm that manages assets for clients in Europe, North and South America,

More information

NEW CENTURY CAPITAL PORTFOLIO SCHEDULE OF INVESTMENTS January 31, 2014 (Unaudited)

NEW CENTURY CAPITAL PORTFOLIO SCHEDULE OF INVESTMENTS January 31, 2014 (Unaudited) NEW CENTURY CAPITAL PORTFOLIO SCHEDULE OF INVESTMENTS January 31, 2014 (Unaudited) INVESTMENT COMPANIES - 99.2% Shares Value Large-Cap Funds - 62.3% American Funds AMCAP Fund - Class A 150,931 $ 4,070,619

More information

GIPS List of Composite Descriptions. Perkins Composites...11. Fixed Income Composites... 14. Global Macro Composites...19. Alternative Composites...

GIPS List of Composite Descriptions. Perkins Composites...11. Fixed Income Composites... 14. Global Macro Composites...19. Alternative Composites... GIPS List of Composite Descriptions Updated 6/4/2015 Janus Equity Composites...2 Perkins Composites....11 Fixed Income Composites... 14 Global Macro Composites...19 Alternative Composites.....19 Allocation

More information

Seeking a More Efficient Fixed Income Portfolio with Asia Bonds

Seeking a More Efficient Fixed Income Portfolio with Asia Bonds Seeking a More Efficient Fixed Income Portfolio with Asia s Seeking a More Efficient Fixed Income Portfolio with Asia s Drawing upon different drivers for performance, Asia fixed income may improve risk-return

More information

THOMSON REUTERS LIPPER

THOMSON REUTERS LIPPER THOMSON REUTERS LIPPER EUROPEAN ETF MARKET REPORT: MARCH 2016 Please attribute the content to Detlef Glow, Thomson Reuters Lipper s head of EMEA research and the author of this report. Date of issue: April

More information

Fixed Income: Liquidity Risks & Unique Opportunities. Spencer Bogart ETF Specialist

Fixed Income: Liquidity Risks & Unique Opportunities. Spencer Bogart ETF Specialist Fixed Income: Liquidity Risks & Unique Opportunities Spencer Bogart ETF Specialist ETF.com Agenda & Takeaways Bond ETFs: Exposing Fixed Income Opportunities Takeaway: ETF opportunities to tailor your client

More information

PowerShares DB Commodity and Currency ETFs Convenient access to commodities and currencies

PowerShares DB Commodity and Currency ETFs Convenient access to commodities and currencies PowerShares DB Commodity and Currency ETFs Convenient access to commodities and currencies Not FDIC Insured May Lose Value No Bank Guarantee For US Use Only Now you can add agriculture, oil, gas, base

More information

THE NEXT FIVE YEARS. Chris Konstantinos, CFA

THE NEXT FIVE YEARS. Chris Konstantinos, CFA US VS. INTERNATIONAL STOCKS: THE NEXT FIVE YEARS Chris Konstantinos, CFA Director of International Portfolio Management October 2014 THE MAGIC FORMULA Change Central Economic in Corp. in Market Bank Policy

More information

Dorsey Wright Multi Asset Income Index Methodology

Dorsey Wright Multi Asset Income Index Methodology Dorsey Wright Multi Asset Income Index Methodology Index Description The Dorsey Wright Multi-Asset Income Index selects between one and five investments from a universe of income producing strategies.

More information

UPDATE ON CURRENT MACRO ENVIRONMENT

UPDATE ON CURRENT MACRO ENVIRONMENT 1 Oct 213 Macro & Strategy Equity Credit Commodities 13 13 #1 Global Strategy #1 Multi Asset Research #3 Global Economics #2 Equity Quant #2 Index Analysis #3 SRI Research 12 sector teams in the Top 1

More information

Global bond investing

Global bond investing Global bond investing Todd Schlanger, CFA Investment Strategy Group Vanguard Asset Management, Limited This document is directed at professional investors and should not be distributed to, or relied upon

More information

A Global Market Rotation Strategy with an annual performance of 41.4% since 2003

A Global Market Rotation Strategy with an annual performance of 41.4% since 2003 A Global Market Rotation Strategy with an annual performance of 41.4% since 2003 The following strategy is one of my favorite rotation strategies, which many of my friends, customers and I use now for

More information

Axioma Risk Monitor Global Developed Markets 29 June 2016

Axioma Risk Monitor Global Developed Markets 29 June 2016 Axioma Risk Monitor Global Developed Markets 29 June 2016 1. Global volatility hotspots 2. Global correlation hotspots www.axioma.com Greater than 1% rise over last week Greater than 1% fall over last

More information

How To Know What To Expect From A Portfolio Of Stocks

How To Know What To Expect From A Portfolio Of Stocks 23 June 2015 Macro Diversi,ication: Investing in an Increasingly Turbulent and Integrated World Brian D. Singer, CFA Partner, Head of Dynamic Allocation Strategies Team FOR INSTITUTIONAL USE ONLY 240418

More information

FxPro Education. Introduction to FX markets

FxPro Education. Introduction to FX markets FxPro Education Within any economy, consumers and businesses use currency as a medium of exchange. In the UK, pound sterling is the national currency, while in the United States it is the US dollar. Modern

More information

Premier Liberation multi-asset risk-targeted solutions

Premier Liberation multi-asset risk-targeted solutions multi-asset risk-targeted solutions Fund update - fourth quarter 2014 For professional adviser use only and not for distribution to retail investors multi-asset risk-targeted solutions Need to know To

More information

Q&A for changes to Vanguard s Ireland-domiciled fund range

Q&A for changes to Vanguard s Ireland-domiciled fund range Q&A for changes to Vanguard s Ireland-domiciled fund range As we broaden our presence in Europe, we are able to enhance our product suite by reducing costs and introducing a new share class structure designed

More information

FOR RIA/BROKER-DEALER USE ONLY

FOR RIA/BROKER-DEALER USE ONLY S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L J P M O R G A N S T R U C T U R E D I N V E S T M E N T S Giving investors greater control over the risk and return in portfolios November 2012

More information

TRENDS IN THE EUROPEAN ETF INDUSTRY

TRENDS IN THE EUROPEAN ETF INDUSTRY TRENDS IN THE EUROPEAN ETF INDUSTRY (ALL DATA AS OF MARCH, 31 2012) Detlef Glow Head of Lipper EMEA Research Table of Content A brief history of ETFs in Europe 3 Assets under management 7 Fund flows ETFs

More information

THE NT EUROPE (EX-UK) EQUITY INDEX FUND SUPPLEMENT TO THE PROSPECTUS DATED 17 NOVEMBER 2014 FOR NORTHERN TRUST INVESTMENT FUNDS PLC

THE NT EUROPE (EX-UK) EQUITY INDEX FUND SUPPLEMENT TO THE PROSPECTUS DATED 17 NOVEMBER 2014 FOR NORTHERN TRUST INVESTMENT FUNDS PLC THE NT EUROPE (EX-UK) EQUITY INDEX FUND SUPPLEMENT TO THE PROSPECTUS DATED 17 NOVEMBER 2014 FOR NORTHERN TRUST INVESTMENT FUNDS PLC 1 2 Supplement dated 17 November 2014 to the Prospectus dated 17 November

More information

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR. RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR. RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX July 2, 2015 ETF-015-073 CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX Pursuant to Information Circular MR

More information

Performance 2013: Global Stock Markets

Performance 2013: Global Stock Markets Performance 213: Global Stock Markets January 4, 214 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of

More information

Evaluating the Australian Outlook through a Global Lens

Evaluating the Australian Outlook through a Global Lens Evaluating the Australian Outlook through a Global Lens Chris Siniakov Managing Director, Fixed Income International Bond Yields 4.00% 2-Year Government Yields as at 15 January 2015 3.00% 2.00% 1.00% 0.00%

More information

Vanguard Emerging Markets Stock Index Fund

Vanguard Emerging Markets Stock Index Fund Vanguard Emerging Markets Stock Index Fund Supplement to the Prospectus and Summary Prospectus Dated February 26, 2015 New Target Index Effective as of the start of business on November 2, 2015, Vanguard

More information

TABELLA DELLE VARIAZIONI DI PORTAFOGLIO I 20 MAGGIORI ACQUISTI E VENDITE PER COMPARTO (NON SOTTOPOSTI A REVISIONE CONTABILE) (valori espressi in EUR)

TABELLA DELLE VARIAZIONI DI PORTAFOGLIO I 20 MAGGIORI ACQUISTI E VENDITE PER COMPARTO (NON SOTTOPOSTI A REVISIONE CONTABILE) (valori espressi in EUR) US COLLECTION 03-ott-14 Health Care Select Sector SPDR Fund 4.986.027 27-mar-14 Legg Mason Global Funds PLC - ClearBridge U.S. Aggressive Growth Fund 4.831.202 27-mar-14 Legg Mason Global Funds PLC - Royce

More information

Schwab Diversified Growth Allocation Trust Fund

Schwab Diversified Growth Allocation Trust Fund Fund Facts Trustee Fund Type Charles Schwab Bank Collective Trust Fund Category Global Asset Allocation Benchmark Global Growth Custom Index 1 Unit Class Inception Date 3/7/2012 Fund Inception Date 3/7/2012

More information

Elite LJ Active Portfolio Fund

Elite LJ Active Portfolio Fund Elite LJ Active Portfolio Fund Short Report for the year ended 30 April 2015 Investment Objective and Policy The objective of the Fund is to achieve a total positive return in all market conditions, over

More information

Performance 2016: Global Stock Markets

Performance 2016: Global Stock Markets Performance 216: Global Stock Markets July 22, 216 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents

More information

Category Definitions

Category Definitions Category Definitions Thailand Morningstar Methodology Paper October 2014 Introduction The Morningstar Categories for funds in the Thailand universe were first established in the year 2009 to help investors

More information

CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES

CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES THE APERIO DIFFERENCE. Authors Michael Branch, CFA Ran Leshem CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES U.S. investors can capture international equity exposure

More information

QUARTERLY INVESTMENT UPDATE

QUARTERLY INVESTMENT UPDATE QUARTERLY INVESTMENT UPDATE December 31, 2015 Quarterly Market Perspectives Global equity markets staged an impressive rally from their late summer swoon across the first two months of the quarter ended

More information

M&G Corporate Bond Fund

M&G Corporate Bond Fund Quarterly Review M&G Corporate Bond Fund Third quarter 2015 Fund manager Richard Woolnough Overview A general risk-off tone prevailed in the third quarter amid significant volatility in risk markets, driving

More information

Brookhaven Strategies, LLC

Brookhaven Strategies, LLC Brookhaven Strategies, LLC Survey of Commodity Investment Opportunities Authors: Marc Schwarzschild (ms@brookhavenstrategies.com) Martin J. Wolff (mw@brookhavenstrategies.com) June 22, 2009 Brookhaven

More information

BLACKROCK GLOBAL ETP LANDSCAPE

BLACKROCK GLOBAL ETP LANDSCAPE BLACKROCK GLOBAL ETP LANDSCAPE INDUSTRY HIGHLIGHTS JULY The opinions expressed are as of July 31, and may change as subsequent conditions vary. ONLY FOR ACCREDITED INVESTORS IN CANADA, QUALIFIED INVESTORS

More information

Performance 2015: Global Stock Markets

Performance 2015: Global Stock Markets Performance 21: Global Stock Markets November 12, 21 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of

More information

ADVISOR PROGRAM PORTFOLIO CONSTRUCTION

ADVISOR PROGRAM PORTFOLIO CONSTRUCTION FUTURE SCHOLAR 529 COLLEGE SAVINGS PLAN ADVISOR PROGRAM PORTFOLIO CONSTRUCTION Age-based option Your financial advisor can help you select an age-based target allocation track, or Aggressive that fits

More information

Trade Signals S&P 500 Index 1368 By Steve Blumenthal November 14, 2012

Trade Signals S&P 500 Index 1368 By Steve Blumenthal November 14, 2012 Trade Signals S&P 500 Index 1368 By Steve Blumenthal November 14, 2012 Included in this week s Trade Signals are the following: Updated Sentiment Charts sentiment points to RISK ON S&P 500 Index Chart

More information

ETPs for private investors

ETPs for private investors ETPs for private investors Simple products. Sophisticated strategies. ETPs Exchange Traded Products (ETPs) such as Exchange Traded Commodities (ETCs) and Exchange Traded Notes (ETNs) are listed exchange

More information

Session #3 Finding Relative Strength/Weakness

Session #3 Finding Relative Strength/Weakness Session #3 Finding Relative Strength/Weakness Legal Disclosure Trading Currencies may involve high risk and, potentially, the loss of any funds invested. Investment information provided may not be appropriate

More information

Managed Futures Strategy Fund CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2015

Managed Futures Strategy Fund CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2015 Shares Value EXCHANGE-TRADED FUNDS,1-2.0% Guggenheim Enhanced Short Duration ETF 108,400 $ 5,426,504 Total Exchange-Traded Funds (Cost $5,429,550) 5,426,504 MUTUAL FUNDS,2-55.7% Guggenheim Strategy Fund

More information

PROTECTING YOUR PORTFOLIO WITH BONDS

PROTECTING YOUR PORTFOLIO WITH BONDS Your Global Investment Authority PROTECTING YOUR PORTFOLIO WITH BONDS Bond strategies for an evolving market Market uncertainty has left many investors wondering how to protect their portfolios during

More information

Capital preservation strategy update

Capital preservation strategy update Client Education Summit 2012 Capital preservation strategy update Head of Institutional Fixed Income Investments, Americas October 9, 2012 Topics for discussion 1 Capital preservation strategies 2 3 4

More information

THE DOLLAR S RIPPLE EFFECT

THE DOLLAR S RIPPLE EFFECT LPL RESEARCH WEEKLY MARKET COMMENTARY KEY TAKEAWAYS Using intermarket analysis is important to reduce the risk of missing vital directional clues within the financial markets. Recently, a strong U.S. dollar

More information

Quarterly Market Review. Fourth Quarter 2015

Quarterly Market Review. Fourth Quarter 2015 Q4 Quarterly Market Review Fourth Quarter 2015 Quarterly Market Review Fourth Quarter 2015 This report features world capital market performance and a timeline of events for the past quarter. It begins

More information

An Introduction to the Asset Class. Convertible Bonds

An Introduction to the Asset Class. Convertible Bonds An Introduction to the Asset Class Convertible DESCRIPTION Convertible (CBs) are fixed income instruments that can be converted into a fixed number of shares of the issuer at the option of the investor.

More information