Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ETF Roundup: Misunderstood ETFs and New Milestones  Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 01, 2013

ETF Roundup: Misunderstood ETFs and New Milestones

News summary by MFWire's editors

My, how ETFs have grown. IndexUniverse's Olly Ludwig writes. ETFs attracted $40 billion in July, which is the largest monthly asset haul in ETF's 20-year history. That translates into a 7 percent increase in total AUM to nearly $1.5 trillion, a big turnaround from June's outflows, Ludwig notes.


Barrons' Johanna Bennett reports that S&P Capital IQ analyst Todd Rosenbluth wrote a note on underperforming actively-traded mutual funds, suggesting that investors take a gander at ETFs.

Bennett provided a section of the note, which read, "S&P Capital IQ believes the high cost of these active mutual funds plays a meaningful role in the underperformance, as the average expense ratio is 1.3 percent for mid-cap core funds. Further, while management has more opportunities to identify appealing, under followed companies than in the large-cap space, they have not been successful in doing so."


Oh lord, please don't let me be misunderstood, especially if I'm an ETF with a misleading name. FoxBusiness covered ETFs that are not always what they seem. The State Street [profile] SPDR S&P Homebuilders ETF, for example, does not have one homebuilder stock in its top 10 holdings. Instead, it has exposure to retailers and durables makers such as Williams-Sonoma and Whirlpool.


MarketWatch's Viktor Reklaitis reports that Invesco's [profile] PowerShares DB Dollar Bullish Fund was up 0.01 percent on Wednesday, thanks in part to anticipation of the Federal Reserve statement on stimulus efforts. It gained 0.3 percent for the week, which is encouraging given the ETF's previous three-week losing streak.


To read more, click here, here, here and here.  

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use