New ETFs On The Block: Invesco Powershares China A-Share Portfolio (CHNA)

Ulli Country ETFs Contact

91551519Invesco PowerShares, the fourth-largest US ETF sponsor and a leading global provider of exchange-traded products, has launched an actively-managed equity, quantitative and rules-based ETF that is focused on mainland China stocks, targeting the Chinese A-shares market. With the recent spate of economic data indicating China slowly getting back on the growth trajectory, China-focused funds have witnessed robust price appreciation in recent months.

The PowerShares China A-share Portfolio (CHNA) will track the SGX FTSE A50 Index, a free-float adjusted and liquidity screened benchmark that provides exposure to the largest 50 companies within China as determined by market capitalization.

The constituent companies of the underlying trade in Chinese renminbi/Yuan on the Shanghai and Shenzen Stock Exchanges and the benchmark are adjusted on a quarterly basis for performance. The index is currently biased toward financial companies and includes China Minsheng Banking, China Merchants Bank, Shanghai Pudong Development Bank and Ping An Insurance.

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10-25-2013

Ulli Newsletter Archives Contact

ETF/No Load Fund Tracker Newsletter For Friday, October 25, 2013

ETF/No Load Fund Tracker StatSheet

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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

https://theetfbully.com/2013/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10242013/

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Market Commentary

Friday, October 25, 2013

ANOTHER DAY, ANOTHER NEW HIGH

U.S. equity markets ticked higher on Friday, cementing a third-straight week of gains, aided by Amazon.com’s stronger-than-forecasted revenues and a trouncing of analysts’ quarterly estimates by Dow member Microsoft.

Meanwhile, investors mulled a plethora of mixed global economic data, as U.S. durable goods orders came in mixed, consumer sentiment declined and wholesale inventories rose. Elsewhere, German business sentiment unexpectedly declined, and UK 3Q GDP growth accelerated. The Dow Jones Industrial Average closed 61 points higher (0.4%) at 15,570, the S&P 500 Index gained 8 points (0.4%) to 1,760, and the Nasdaq Composite increased 14 points (0.4%) to 3,943.

In other domestic earnings news, Dow member Procter & Gamble posted inline profits, while UPS posted better-than-expected earnings. Finally, Treasuries, gold and crude oil prices were higher, while the US dollar was nearly unchanged. While there were pockets of weakness during the session, the late push enabled every sector to end the day higher.

The utilities (+1.1%) and telecom services (+1.0%) were the biggest gainers, but still didn’t have much pull in driving the broader market higher given their low weighting in the S&P 500. Modest gains in the consumer discretionary (+0.7%), industrials (+0.5%), financials (+0.4%), energy (+0.4%) and technology (+0.4%) sectors were enough to do that.

Large-cap stocks pretty much led the way in today’s session, which was accented by relatively light volume and the receipt of relatively weak economic data that supported the notion the Fed will stay its current course for longer.

The resilience to selling efforts has been a hallmark of this market since Congress agreed to kick the budget and debt limit cans down the road. In the process, Congress kick started a prevailing belief that their inaction will also lead to inaction by the Federal Reserve. Fortified by that monetary sense of things, the thought that money managers underperforming their benchmarks will be chasing returns, and the fear of missing out on another leg higher, participants have been emboldened to buy on dips.

Indexes also posted gains for the week. The Dow rose 1.1 percent, the S&P 500 gained 0.9 percent and Nasdaq 0.7 percent. The Russell 2000 index of small cap stocks registered its eighth week of gains, its longest streak since 2003.

Our Trend Tracking Indexes (TTIs) joined the party and headed higher as well:

Domestic TTI: +5.01% (last week +4.50%)

International TTI: +8.45% (last week +8.17%)

Have a great week.

Ulli…

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READER Q & A FOR THE WEEK

All Reader Q & A’s are listed at our web site!
Check it out at:

http://www.successful-investment.com/q&a.php

A note from reader Joel:

Q: Ulli: In your latest e-book, and during various posts throughout the year, you mentioned that certain Index ETFs, like the ones of the low volatility variety, are better suited for the use with trend tracking.

Is there any way to get a list of these?

A: Joel: Actually, I am in the process of revamping the daily commentary to include exactly 10 of these, which are most suitable. They are selected by my MaxDD% indicator, which I will comment on in more detail.

The scheduled change along with these new “ETFs in the Spotlight” will be effective as of 11/4/13 with an announcement being mailed to all readers on the prior day. Look for it.

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WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?

Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly or get more details at:

https://theetfbully.com/personal-investment-management/

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Back issues of the ETF/No Load Fund Tracker are available on the web at:

https://theetfbully.com/newsletter-archives/

ETF/No Load Fund Tracker Newsletter For Friday, October 25, 2013

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

https://theetfbully.com/2013/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10242013/

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Market Commentary

Friday, October 25, 2013

ANOTHER DAY, ANOTHER NEW HIGH

U.S. equity markets ticked higher on Friday, cementing a third-straight week of gains, aided by Amazon.com’s stronger-than-forecasted revenues and a trouncing of analysts’ quarterly estimates by Dow member Microsoft.

Meanwhile, investors mulled a plethora of mixed global economic data, as U.S. durable goods orders came in mixed, consumer sentiment declined and wholesale inventories rose. Elsewhere, German business sentiment unexpectedly declined, and UK 3Q GDP growth accelerated. The Dow Jones Industrial Average closed 61 points higher (0.4%) at 15,570, the S&P 500 Index gained 8 points (0.4%) to 1,760, and the Nasdaq Composite increased 14 points (0.4%) to 3,943.

In other domestic earnings news, Dow member Procter & Gamble posted inline profits, while UPS posted better-than-expected earnings. Finally, Treasuries, gold and crude oil prices were higher, while the US dollar was nearly unchanged. While there were pockets of weakness during the session, the late push enabled every sector to end the day higher.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 10/24/2013

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, October 24, 2013

Table of Content082312

If you are not familiar with some of the terminology used, please see the Glossary of Terms.

 

1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 10/25/2011

TTI

Our main directional indicator, the Domestic Trend Tracking Index (TTI) broke through its long-term trend line generating a Sell for this area effective 8/9/2011. Over the recent past, we’ve seen the TTI hovering slightly below and above this dividing line between bullish and bearish territory. The clear break to the upside occurred on 10/24/11 and, effective 10/25/11, a new Buy signal for domestic equities went into effect.

As of today, our Trend Tracking Index (TTI—green line in above chart) has bounced off its long term trend line (red) by +5.11% after briefly dipping below it late in June 2013.

To avoid a potential whip-saw, a Sell signal to move out of all domestic equity positions will be generated once we have clearly pierced the line to the downside. Be sure to tune in for the latest updates.

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Index ETFs Back On Track As Fears Of Tapering Recede

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

Domestic equity ETFs closed the trading session nicely higher, putting the Standard & Poor’s 500 Index three points from a record, in the wake of a stronger-than-forecasted read on Chinese manufacturing activity and as another plethora of earnings reports flooded the Street.

Treasuries were slightly lower following a report that showed initial weekly jobless claims came in above expectations, while the domestic trade deficit came in narrower than anticipated. In other economic news, a preliminary read on October manufacturing activity came in below expectations, while regional manufacturing growth surprisingly accelerated. Elsewhere, the U.S. dollar was nearly unchanged, while gold and crude oil prices were higher.

On the equity front, Ford Motor posted better-than-expected profits and upbeat guidance, while Dow members AT&T and 3M reported earnings that were slightly above analysts’ forecasts. Moreover, Dow Chemical missed forecasts and Symantec Corp reported disappointing revenues and guidance. Outside of some choppy action during the first hour, equity indices climbed steadily throughout the session.

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China And CAT Take Down Bulls

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

Following four-straight sessions of record highs for the S&P 500, domestic equities finished the session in negative territory on Wednesday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings.

Moreover, Chinese liquidity and banking concerns along with uncertain domestic earnings reports weighed on sentiment. Meanwhile, Treasuries were mixed following reports that showed U.S. import prices rose and mortgage applications dipped. Finally, gold and crude oil prices dipped, while the U.S. dollar was nearly unchanged.

Reports out of the Middle Kingdom suggested the largest Chinese banks saw their debt write-offs triple during the first half of the year. Separate headlines indicated the People’s Bank of China may tighten monetary policy due to excessive inflation. The liquidity crunch has made its presence known through the overnight Shanghai Interbank Offered Rate, which jumped 73 basis points to 3.78%. In addition to the news from China, stocks had to endure continued weakness among momentum names.

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