ETFS

Editors’ Note: This is the transcript version of the podcast we published last week. We hope you find it useful. Jonathan Liss [JL]: For reference purposes, this podcast is being recorded on the morning of Wednesday, October 30, 2019. My guest today is Rick Redding. Rick spent most of his carrier in senior leadership roles

The Aberdeen Asia-Pacific Income Fund (NYSEMKT:FAX) is a closed-end fund that invests in Asia Pacific debt securities with an added mandate of holding at least 20% of total assets in Australian. The fund with an inception date back in 1986 currently has $1.2 billion in total assets. The objective is to generate a high level

The number one complaint I hear from fixed-income investors is that today’s low-interest-rate environment has made it nearly impossible to find safe sources of income. The dividend yield of most equities has fallen drastically since 2008, and the flattened yield curve has made long-term bonds extremely unattractive be it in Treasuries or in corporate bonds.

The Real Estate sector ranks 10th out of the 11 sectors as detailed in our Q4’19 Sector Ratings for ETFs and Mutual Funds report. Last quarter, the Real Estate sector ranked 11th. It gets our Unattractive rating, which is based on an aggregation of ratings of the 187 stocks in the Real Estate sector. See

Vanguard Value ETF (NYSE:VTV) with $87 billion in total assets is one of the largest exchange traded funds offering investors diversified exposure to a basket of large-cap U.S. ‘value’ stocks with an industry low 0.04% expense ratio. Value stocks are typically defined as shares in companies that trade with lower valuation multiples relative to the

Investment thesis Welcome to Orchid’s Palladium Weekly report, in which we discuss palladium prices through the lenses of the Aberdeen Standard Physical Palladium Shares ETF (PALL). PALL has experienced a violent sell-off since November 8, driven by long liquidation in the palladium futures market on hefty trading volumes. While this defies our Q4-19 bullish view,

Main Thesis The purpose of this article is to evaluate the iShares Cohen & Steers REIT ETF (ICF) as an investment option at its current market price. Over the past few months, real estate has taken a bit of a breather, after helping drive market gains over the last year and a half. While funds

Investment thesis Since our last take on the S&P GSCI Unleaded Gasoline Index Excess Return (SPGSHUP), our bearish recommendation has not materialized, following the moderate advance of the ETF that gained 3.77% to $1,011. Going forward, our view is unchanged and we maintain our bearish recommendation on the ETF, given a confluence of factors. First,

Here are the weekly charts for gold, commodities and dollar ETFs. The gold ETF tracks the spot price of gold and is said to be backed by gold bars in vaults in London. SPDR Gold Trust ETF (NYSEARCA:GLD) Courtesy of Refinitiv XENITH The gold ETF ($137.39 on Nov. 8) is up 13.3% year to date

Despite the U.S. broad-based indices hitting new closing highs last week and the average equity mutual fund returning 19.03% year to date, equity mutual funds (including ETFs) continue to suffer from net redemptions. Year to date (YTD) through the week ended November 6, 2019, investors have redeemed a net $149.9 billion from equity funds. And

Source: Stanford Earth Investment thesis Since our last publication on the United States Oil Fund LP (USO), our bearish recommendation on the ETF has not materialized, with the underlying advancing 7.22% to $11.8 per share. Going forward and in spite of this advance triggered by the optimism of a nearing agreement between the U.S. and

Note: This article was released to members Oct. 18 The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers.

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discounts, but we are cautious when we select our positions due

Investment case Despite the hawkish forward guidance delivered by the Fed at its latest FOMC meeting (October 30) after the central bank cut rates for a third consecutive time, the SPDR Gold MiniShares Trust (GLDM) has proven resilient, especially considering the surge in risk-on mood, which pushed US equities to an all-time high. While we

Market Intro SectorSPDR: 11:16AM EST It’s a green day for the US indexes (SPY, DIA, QQQ, IWM), and yet volatility (UVXY) is managing to find a bid. Spot VIX is up about 5%, to just under 13. Energy (XLE) leads the sectors on Monday morning – up over 2%; meanwhile, real estate (XLRE) is at

Note: This report was released to members 1 month ago. Please check latest data before making investment decisions. Chemist’s “High-High-Low” Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500+ closed-end funds [CEFs] for further due diligence and investigation. The “High-High-Low” report was inspired by a member of

In my previous article, I discussed the terrible performance of leveraged ETNs and tried to shed some light on why these products decay over time. The key take aways were: Even if the underlying moves in favor of the ETN, the ETN might still lose value over the long term (negative compounding effect). The higher

(Source – Pexels/Tom Fisk) Over the past decade, the Indonesian economy has seen a robust economic growth rate of about 5% per year. The average Indonesian has seen their income rise by just over a third due to the doubling of the country’s services sector. Despite the growth, the Indonesian stock market has gone nowhere

Investment thesis In our last release on the S&P GSCI Heating Oil Index Spot (SPGSHO), our bullish view on the complex emerged slightly and the Index gained 2.72% to $237.33 per share, following a tightening of distillate fundamentals. Going forward, the distillate storage picture is still favorable for the complex, given that U.S. storage is

Sign up on the podcast platform of your choice to make sure you don’t miss an episode: By Jonathan Liss 2018 was a banner year for mutual fund capital gains distributions – and not in a good way. Roughly 79% of mutual funds distributed a total of $540B in capital gains to investors – the

ETF Overview First Trust Value Line Dividend Index Fund (FVD) focuses on dividend stocks based on Value Line’s safety ranking. The safety ranking is based on stock price stability as well as financial strength of these stocks. FVD’s portfolio of stocks are constructed based on equal-weightings and rebalances every month. FVD’s portfolio has higher exposure

The Swiss Helvetia Fund (NYSE:SWZ) has experienced some big changes over the last few years: – In 2017, Bulldog Investors elected two directors to the Fund Board. Shareholders then approved a proposal for a large self-tender offer and elected two more Bulldog-associated directors. – In 2018, SWZ made a large capital gains distribution of $4.91,

Here are the weekly charts for the gold, commodities and the dollar ETFs. The gold ETF tracks the spot price of gold and is said to be backed by gold bars in vaults in London. SPDR Gold Trust ETF (NYSEARCA:GLD) Courtesy of Refinitiv XENITH The gold ETF ($141.86 on Oct. 25) is up 17% year

In this article, we examine the significant weekly order flow and market structure developments driving XLK price action. The highest probability path for this week was for price discovery higher, barring failure of 80.40s as support. This primary expectation did play out as key support was tested into mid-week where buying interest emerged, driving price

Instrument The VanEck Vectors Russia ETF (RSX) is a fund that offers exposure to equities from Russia, which include publicly-traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia. Source: VanEck Macro Data In September, the growth rate of Russian

Main Thesis The purpose of this article is to evaluate the Schwab U.S. Aggregate Bond ETF (SCHZ) as an investment option at its current market price. SCHZ has had a strong year so far, offering a return close to 10% through October 23rd. However, in the short-term, fixed-income has broadly come under some pressure, as

Sign up on the podcast platform of your choice to make sure you don’t miss an episode: By Jonathan Liss While there’s not currently a real consensus around basic questions in the current market environment – Just how bad will the global economic slowdown become? Does it make sense to continue buying stocks or to

The Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE:MIE) is a closed-end fund with approximately $350 million in total assets, investing in midstream master limited partnerships (MLPs), broader energy sector stocks, and has a smaller allocation to preferred securities. The fund has an income focus and currently yields 11.4%, which is based

Funds in Lipper’s Core Plus Bonds Funds (CPB) and Core Bond Funds (IID) peer groups (including both mutual funds and ETFs) took in $813 million and $494 million of net new money, respectively, for the fund-flows week ended Wednesday, October 16. It’s been a banner year for each group as out of the last 38

Here are the weekly charts for the gold, commodities and the dollar ETFs. The gold ETF tracks the spot price of gold and is said to be backed by gold bars in vaults in London. SPDR Gold Trust ETF (NYSEARCA:GLD) Courtesy of Refinitiv XENITH The gold ETF ($140.46 on Oct. 18) is up 15.8% year