Are Etfs Like ‘hotel California’? – Focus On Funds – Barrons.com

The APs quite reasonably demand bigger profits to trade under riskier conditions. Especially in illiquid markets, the gaps can be substantial. So, back to you, the end investor: If you bought ETF shares at a small premium to the underlying assets, having to sell them at a large discount during a panic can be a nasty surprise if all the above is news to you. Alloway summarizes the danger, seeming particularly concerned about bond investors: The worry is that this market-making dance may come to an abrupt halt at times of market stress particularly for certain asset classes where investors may be using ETFs to compensate for a lack of liquidity in the underlying assets.
Source: http://blogs.barrons.com/focusonfunds/2014/05/23/are-etfs-like-hotel-california/

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Source: http://finance.yahoo.com/news/tech-etf-computes-high-152216316.html

Adjusting The ETF Retirement Portfolio – PowerShares CEF Income Composite Portfolio ETF (NYSEARCA:PCEF) | Seeking Alpha

But Merk Investments refers to its offering as a “deliverable gold ETF” and is betting that it’s filling a previously unmet need. Back up the truck “The most important differentiating factor of OUNZ compared to other products is that investors may request delivery of their gold,” Axel Merk, manager of Merk Funds and chief investment officer of Palo Alto, Calif.-based Merk Investments, told MarketWatch in a phone interview. They can take delivery of London Bars, gold bricks that are traded by central banks and large institutions, but they can also choose to have the gold exchanged into other gold coins or bars, he said. Will Fed tapering hurt gold prices? The SPDR Gold Trust, often referred to just as GLD, allows for a shares-for-physical-gold exchange too, but it’s definitely not for the Average Joe investor. GLD investors who have a position in excess of 1 basket — a set amount of shares, which for the GLD ETF is http://www.etftradingsignals.com 100,000 shares,worth about$12.4 million at current prices– can exchange their shares for physical gold, according to Will Rhind, a managing director at the World Gold Council, an organization that sponsors the SPDR Gold Trust.
Source: http://money.msn.com/exchange-traded-fund/new-gold-etf-lets-you-swap-shares-for-bars

New gold ETF lets you swap shares for bars – – MSN Money

COW (iPath DJ-UBS Livestock Total Return Sub-Index ETN, Expense Ratio 0.75%) has been around since 2007, and is the largest ETP in the Livestock sub-category that falls within the broader universe of Agricultural Commodities. The fund only has about $55 million in assets under management, and averages just south of 40,000 shares on an average daily trading basis, so clearly this space is not utilized by a wide breadth of retail or institutional investors as of yet. COW is a futures-based ETN and fund literature shows us that there are two holdings inside of COW, Live Cattle and Lean Hogs futures, both of which will clearly be on the menu at many cookouts this weekend in the form of burgers or perhaps ribs, making this a seasonal and perhaps timely feature today. COW actually dipped more than 1% right out of the gates this morning before recovering somewhat to current price levels, yet volume in the product has remained rather low all week.
Source: http://www.etftrends.com/2014/05/etf-chart-of-the-day-cattle-call/

Cattle Call ETFs | ETF Trends

It does not include the commissions paid to brokers on the purchase and sale of ETF. / Ref. Amount Reference Expense Amount($)? Ref. Expense Amount is the estimated annual expense for holdings of 10 shares of a given ETF.
Source: http://www.aastocks.com/en/stocks/etf/details.aspx?etf-code=2846

ETF – ETF Details

To me, that is the overall performance and the way the ETF fits with the portfolio design. PCEF contributes balance, as well additional features other ETFs lack. If I have to live with a slightly higher expense ratio for it, so be it. Disclaimers This article is for informational use only. It is not intended as a recommendation or inducement to purchase or sell any financial instrument issued by or pertaining to any company or fund mentioned or described herein.
Source: http://seekingalpha.com/article/2231523-adjusting-the-etf-retirement-portfolio


Stocks Edge Higher Before Memorial Day Holiday – Newsday

S&P 500 closes above 1,900 for first time – US News

The Associated Press

Yesterday, existing home sales, better than expected.” UPWARD TREND: Major indexes rose Thursday and have finished higher in four of the last five trading days. The S&P 500 index, the most widely used benchmark for stock funds, has climbed 1.1 percent this week. The index moved early Friday ahead of its previous record closing high of 1,897 set early last week. THE OUTLOOK: “The environment is very good for stocks,” said John Fox, director of research at Fenimore Asset Management.
Source: http://www.newsday.com/business/stocks-edge-higher-before-memorial-day-holiday-1.8160635

Stocks edge higher ahead of Memorial Day holiday – The Washington Post

epa04215205 Divers for Hi-Dive show perform a jump from a springboard during a media preview of a new attraction at Sunway Lagoon theme park in Selangor, Malaysia, 20 May 2014. The show runs until 03 August 2014. EPA/AHMAD YUSNI

The S&P 500 has gained 180 percent since bottoming out in March, 2009 during the Great Recession. Stocks are now in the second-longest bull market since 1946, according to data from S&P Capital IQ. The index has also gone 2 years without a correction. Typically those declines occur once every 18 months. Another sign that investors have been more nervous this year than last is that while the S&P 500 has ground higher, the riskier parts of the stock market, such as small-company stocks, social media and biotechnology stocks have had sharp sell-offs.
Source: <a read href=’http://www.usnews.com/news/business/articles/2014/05/23/stocks-edge-higher-ahead-of-memorial-day-holiday&#8217; >http://www.usnews.com/news/business/articles/2014/05/23/stocks-edge-higher-ahead-of-memorial-day-holiday

STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here’s What You Need To Know – Yahoo Finance

THE OUTLOOK: The environment is very good for stocks, said John Fox, director of research at Fenimore Asset Management. The economy is moving ahead at a slow, but reasonable rate, and corporate earnings are fine. Valuations are fair, but they certainly are not overblown, and we have continued low interest rates. GROWING AND CUTTING: Hewlett-Packard reported late Thursday that its net income increased in the February-April quarter. The technology giant also announced plans to cut another 11,000 to 16,000 jobs by October as part of a multiyear restructuring plan. LEVEL UP: GameStop jumped $1.30, or 3.5 percent, to $38.17 after the video game seller reported earnings that were higher than analysts were expecting.
Source: http://www.washingtonpost.com/national/stocks-edge-higher-ahead-of-memorial-day-holiday/2014/05/23/a667b3d8-e2b1-11e3-9442-54189bf1a809_story.html

Hewlett-Packard, GameStop and TripAdvisor were among the stocks

Done STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here’s What You Need To Know By Mamta Badkar 9 hours ago 0 shares Markets were up ahead of the three-day weekend. First, the scoreboard: S&P 500: 1,900.53 (+8.0, 0.4%) Nasdaq: 4,185.81, (+31.4, +0.8%) And now the top stories: New home sales were up 6.4% to an annualized pace of 433,000 units in April. We also got a significant upward revision to March’s data that showed existing home sales were down a more modest 6.9% to 407,000 units. “The recovery in housing is back on track, wrote Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ.
Source: http://finance.yahoo.com/news/stocks-rally-heres-know-200004045.html


Mid-day Etf Update: Etfs, Stocks Mixed Following Upbeat Housing Data, Unexpected Decline In Consumer Sentiment – Nasdaq.com

stocks were mixed at session’s half, as investors digested housing and consumer sentiment data. The University of Michigan’s survey showed that consumer sentiment unexpectedly declined to a preliminary 81.8 reading for May, down from 84.1 in April and missing forecasts for a rise to a 84.5 reading. Housing data was more upbeat – the Commerce Department reported that construction on new U.S. homes rose 13.2% to a seasonally adjusted annual rate of 1.07 million in April – the fastest pace in five months and exceeding forecasts. Overall building permits rose 8% in April to an annual rate of 1.08 million – also reaching a record pace since June 2008. Among stocks, Dillard’s Inc.
Source: http://www.nasdaq.com/article/mid-day-etf-update-etfs-stocks-mixed-following-upbeat-housing-data-unexpected-decline-in-consumer-sentiment-cm353912

But the conversion of your ETF shares into the equivalent coins and bars isnt expected to be a taxable event, according to Merk. So, if youre the sort of investor who (1) wants to own gold-backed financial assets and (2) envisions wanting to convert those assets into coins and bars some day, this ETF is worth a look. What should the Armageddon crowd do? Easy. Just ask yourself whether you think double short dow FedEx will make routine deliveries under whatever scenario youre envisioning.
Source: http://blogs.barrons.com/focusonfunds/2014/05/16/gold-do-you-want-that-in-etf-shares-or-bars-and-coins/

ETF Chart of the Day: Currency Call | ETF Trends

For UUP is still the largest Currency based ETP in the U.S. landscape, with about $668 million in assets under management currently, which is certainly not a number to scoff at, but it feels that there is still untapped, and huge potential still. This growth could come from not only from investment managers that are already using ETFs for various asset class exposure in portfolios but also natural hedgers that may already be using currency futures strategies to hedge against adverse currency movements, like businesses with international operations for example. Dollar Index Futures ETN, Expense Ratio 0.95) have gyrated accordingly, but with little to show in terms of an uptick of trading volume or asset flows. UDN for example is considerably smaller than UUP, with about $54 million in AUM, ranking it somewhere in the middle across all Currency based ETPs in terms of overall assets.
Source: http://www.etftrends.com/2014/05/etf-chart-of-the-day-currency-call/