Exchange Traded Funds are the most successful financial product in at least a generation. According to the Investment Company Institute, assets invested in U.S.-listed ETFs grew from $2.4 billion twenty years ago to $2.5 trillion at the end of 2016, a growth rate of nearly 42% per annum. Even measured from 10 years ago, when…
Energy is likely to have been the biggest contributor to overall S&P 500 (SPY, IVV) earnings growth in Q1, the first time that sector has made any significant contribution since the downturn in oil prices several years ago. That’s one of several bright spots in our analysis of earnings expectations as Q1 reporting season gets…
The ETF Analyzer, Sector SPDR Edition for April 2017 is ready for download. This monthly publication has succinct one-page reports on each of the 10 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition. It helps investors: Evaluate the funds based on investment merit using fundamental data and analysis Compare the Sector SPDRs with ease on…
ETF investors put some $43 billion in new money to work in February, according to our database tracking 1,546 ETFs with $2.7 trillion in AUM. Investors expressed a preference for higher risk areas like emerging markets and small cap stocks, but also hedged their bets by increasing short positions pretty much across the board. Among equity ETFs, overall short interest increased…
The ETF Analyzer, Sector SPDR Edition for March 2017 is ready for download. This monthly publication has succinct one-page reports on each of the 10 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition. It helps investors: Evaluate the funds based on investment merit using fundamental data and analysis Compare the Sector SPDRs with ease on…
ETFs have long been a favorite vehicle for short sellers, not only because they are easy to borrow—market makers can always create more shares when demand is sufficient—but also because they allow investors to easily express a negative view on a particular asset class or sector without taking on single-stock risk. But short interest in…
The ETF Analyzer, Sector SPDR Edition for February 2017 is ready for download. This monthly publication has succinct one-page reports on each of the 10 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition. It helps investors: Evaluate the funds based on investment merit using fundamental data and analysis Compare the Sector SPDRs with ease on…
Market share gains by “Smart Beta” ETFs appear to have all but stalled last year. By our calculations, assets under management (AUM) grew by just one half of one percentage point to 28.8% of all equity ETFs, excluding leveraged and inverse funds. Back at the end of 2010, smart beta funds had a market share of 18.3% of AUM (Figure 1). Our…
The ETF Analyzer, Sector SPDR Edition for January 2017 is ready for download. This monthly publication has succinct one-page reports on each of the 10 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition. It helps investors: Evaluate the funds based on investment merit using fundamental data and analysis Compare the Sector SPDRs with ease…
The ETF Analyzer, Sector SPDR Edition for December 2016 is ready for download. This monthly publication has succinct one-page reports on each of the 10 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition. It helps investors: Evaluate the funds based on investment merit using fundamental data and analysis Compare the Sector SPDRs with ease…