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The Forum at ETF Research Center-July 2017 Sector SPDR Analyzer
July 3, 2017--Notable This Month:
The recent pullback in certain "FANG" stocks notwithstanding, the Tech rally in 1H17 has pushed valuations well above their range of the past few years.
The recent pullback in certain “FANG” stocks notwithstanding, the Tech rally in 1H17 has pushed valuations well above their range of the past few years, which in turn has diminished future appreciation potential to just slightly above average in our opinion. That said, the sector's margins and ROE remain exceptionally high, with long-term EPS growth expectations modestly better than the S&P 500 overall.
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Source: AltaVista Research
Data glitch: Google, Yahoo finance sites display incorrect stock market prices
July 3, 2017--Incorrect market data appeared on sites such as Google Finance, Yahoo Finance and Bloomberg terminals in early Asia hours on Tuesday.
Nasdaq-listed stocks such as Apple, Google, Amazon and Microsoft all showed prices of $123.47 each.
Nasdaq told CNBC that glitch was due to test results being mistakenly distributed by third parties.
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Source: CNBC.com
Morningstar ETF Managed Portfolios Landscape--Q1 2017
July 1, 2017--Assets in ETF managed portfolios increased in the first quarter of 2017. At the end of March, strategies in Morningstar's database had collective assets under management and assets under advisement of $99.7 billion.
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Source: Morningstar, Inc.
TrimTabs launches international free cash flow ETF
June 30, 2017--New York-based investment manager TrimTabs Asset Management has launched the TrimTabs All Cap International Free-Cash-Flow ETF (Bats: TTAI), an actively managed fund investing in non-US developed market stocks that are both generating free cash flow, reducing their share count without the use of leverage, and maintaining healthy balance sheets.
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Source: etfstrategy.co.uk
Renaissance Capital US IPO Market 2Q 2017 Quarterly Review-Most Active IPO Market in Two Years
June 30, 2017--The US IPO market's 2017 recovery gained momentum in the second quarter, with 52 IPOs raising $11 billion, a two-year high in terms of deal count and proceeds. Just halfway through the year, the 2017 IPO market has raised more capital than all of 2016.
Sectors were broadly represented, with a large pickup in growth names in technology and health care, which accounted for 50% of IPOs. The energy sector ground to a halt as oil prices continued their decline. Most sectors traded positive, though tech IPOs drove the average return up to 11%, the seventh-consecutive quarter with double-digit gains. Notable names like Altice USA and Floor & Decor offered investors market leaders with large scale and growth.
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Source: Renaissance Capital
State Street Global Advisors to Close 19 ETFs
June 30, 2017--State Street Global Advisors, the asset management arm of State Street (STT) announced that it was planning to close and liquidate 19 exchange-traded funds after the market's close on Friday.
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Source: Barron's
BlackRock Announces Index Changes on Three iShares ETFs
June 30, 2017--Effective on or around September 1, 2017, BlackRock will make index changes to three iShares ETFs.
Ticker: EWN
Fund Name: iShares MSCI Netherlands ETF
Current Underlying Index:MSCI Netherlands Investable Market Index
New Underlying Index: MSCI Netherlands IMI 25/50 Index
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Source: BlackRock
BlackRock moves 50 ETFs to NYSE's rival exchanges
June 30, 2017--BlackRock Inc (BLK.N) on Friday said it would move fifty of its exchange-traded funds from NYSE Arca to homes on rival trading exchanges in a move that points to more competition in the fast-growing industry.
The world's largest asset manager and issuer of ETFs will move 30 of its iShares-brand ETFs to CBOE Holdings Inc's (CBOE.O) Bats exchange and an additional 20 ETFs to Nasdaq Inc (NDAQ.O), the New York-based company said in a statement.
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Source: Reuters
CFTC.gov Commitments of Traders Reports Update
June 30, 2017--The current reports for the week of June 27, 2017 are now available.
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Source: CFTC.gov
Guggenheim Investments changes name of actively managed USD1bn enhanced short duration ETF
June 30, 2017--Name change to Guggenheim Ultra Short Duration ETF (GSY) better reflects investment strategy that seeks to offer enhanced yield opportunities combined with lower sensitivity to interest rate fluctuations.
Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, has changed the name of the Guggenheim Enhanced Short Duration ETF to the Guggenheim Ultra Short Duration ETF. The name change is effective today. The fund's ticker symbol remains the same (NYSE Arca:GSY).
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Source: Guggenheim Investments
