Category

Actively Managed ETFs

3 Successful ETFs That Will Pique Your Interest In 2013

By | Actively Managed ETFs, Bond ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Special Sectors ETFs, US Markets and ETFs | No Comments

Why do some ETFs succeed and why do others fail? The question certainly seems harmless enough. What’s more, this was the topic of my presentation at the Global Indexing & ETFs Conference in Phoenix yesterday afternoon. As I prepared to speak, I found myself questioning the nature of success. Should I link success to risk-adjusted returns? Should I talk about the ETFs that raised the most assets in the shortest time span? Would it make sense to praise the vehicles…

Read More

QE3 Continues To Rev Up Emerging Market Corporate Bonds And Currencies

By | Actively Managed ETFs, Asia ETFs, Bond ETFs, Currency ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Frontier Market ETFs, Latin America ETFs, Special Sectors ETFs | No Comments

In the steamy September days (9/13-9-14) of central bank euphoria, Federal Reserve Chairman Ben Bernanke announced that the Fed would immediately begin purchasing $40 billion in mortgage-backed securities each month. What’s more, the chairman did not include an end date for the quantitative easing program known as “QE3.” Bernanke’s summertime bazooka sent S&P 500 stocks skyward, as the heralded benchmark hit an intra-day level of 1474. And scores of media players began chatting up the possibility of year-end highs in…

Read More

Why Mortgage-Backed Bond ETFs Will Increase Your Net Worth

By | Actively Managed ETFs, Bond ETFs, ETF Philosophy, ETF Strategy, Real Estate ETFs, US Markets and ETFs | No Comments

Benjamin Franklin said, “It would be thought a hard government that should tax its people one-tenth part of their income.” Yet recent polls show that the majority of U.S. citizens do not believe candidate Romney’s 2011 effective rate of 14.4% was high enough. Apparently, not everyone seems to feel that one-tenth, or 10%, is harsh at all. More famously, Mr. Franklin quipped, “In this world nothing can be said to be certain, except death and taxes.” Indeed, Franklin would be…

Read More

Fed Encourages High Income ETFs, Discourages Stock ETFs

By | Actively Managed ETFs, Bond ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Real Estate ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

Chairman Bernanke hinted than the U.S. Federal Reserve is still leaning towards additional easing, either through bond purchases or an extension of low rates into 2015. (Tell us something that we didn’t already know.) Yet the Fed does not appear poised to act in September or October. Indeed, with the Fed unlikely to provide clarity until after the presidential election, Stock ETFs may see volatile back-and-forth movement in the weeks ahead. In contrast, High Income ETFs are having the time of their lives. Virtually every asset with impressive yield spreads…

Read More

Equal Weight ETFs Offer A “Compelling And Rich” Alternative

By | Actively Managed ETFs, Current Affairs and ETFs, Emerging Market ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Large Cap ETFs, Materials ETFs, Mid Cap ETFs, Small Cap ETFs, Technology ETFs, US Markets and ETFs | No Comments

The early 80s may accurately capture my transition to adulthood. Yet the 70s have a grip on a treasure trove of childhood memories — from iZod shirts to Schoolhouse Rock to the Dallas Cowboy Cheerleaders. The 70s also bring back a less nostalgic activity… waiting on gasoline lines that stretched about a 1/2 mile down Route 22. Well, to be fair, it was my father that was in the driver’s seat. Nevertheless, I had to hear about it! I bring this up now because Energy…

Read More

Sector ETF Risk: Health Care ETFs? Financial ETFs?

By | Actively Managed ETFs, Alt Energy ETFs, Asia ETFs, Biotechnology ETFs, Bond ETFs, China ETFs, Commodity ETFs, Consumer ETFs, Currency ETFs, Current Affairs and ETFs, Defense & Aerospace ETFs, Dividend ETFs, Emerging Market ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Financial ETFs, Frontier Market ETFs, Global ETFs, Health ETFs, Industrial ETFs, International ETFs, Internet ETFs, Large Cap ETFs, Latin America ETFs, Leveraged ETFs, Materials ETFs, Mid Cap ETFs, Middle East ETFs, Natural Resources ETFs, Real Estate ETFs, Retail ETFs, Semiconductor ETFs, Short ETFs, Small Cap ETFs, Special Sectors ETFs, Technology ETFs, Telecom ETFs, Transportation ETFs, US Markets and ETFs, Utilities ETFs | No Comments

The Senate recently voted in favor of a health reform bill. Is this good or bad for medical insurers? November new home sales were no better than they were in April. Does that spell doom for homebuilders or serve up new opportunity? Congress raised the deficit debt ceiling to $12.4 trillion. Can the U.S. dollar really handle the seemingly endless deficit spending? Economic risk, business risk, credit risk, currency risk, country risk, market risk, systems risk, liquidity risk, concentration risk……

Read More

Actively Managed ETFs: Investors Stay Away in 09

By | Actively Managed ETFs, ETF Philosophy, US Markets and ETFs | No Comments

Recently, I received an inquiry about the state of actively managed ETFs. Had my position on their viability changed since the beginning of the year? Answer? Nope. The so-called actively managed vehicles are… for the most part… poorly conceived, low-volume losers. I’m not alone in my beliefs either. None of the existing actively-managed ETFs have sufficient assets under management. Some have already been killed off due to lack of interest. Others appear on Ron Rowland’s ETF DeathWatch. In truth, actively managed ETFs provide few of…

Read More

ETF Winners of the “U.S. Dollar Carry Trade”

By | Actively Managed ETFs, Currency ETFs, Current Affairs and ETFs, ETF Strategy, Special Sectors ETFs, US Markets and ETFs | 2 Comments

The mainstream media continue to foster a notion that improving economic fundamentals are driving the cyclical bull. If that were the case, treasury bond yields wouldn’t be falling and gold wouldn’t be maintaining at the $1000 per ounce level. If economic fundamentals were as sound as the media would have you believe, insiders at Toll Brothers wouldn’t be selling shares of their own company. For that matter, conventional mortgage rates wouldn’t be back at 5% and real estate organizations wouldn’t be begging for a continuation of the homebuyer credit….

Read More