New ETFs On The Block: DB-X Tackers Introduces Income-Oriented Industry First ETFs (RVNU, UTLT)

Ulli Bond ETFs Contact

71080438Deutsche Asset & Wealth Management, a division of Deutsche Bank AG and a provider of exchange-traded funds, has announced the launch of two new ‘industry-first’ products from its stable of exchange-traded products on the NYSE Arca.

Though ETFs focused on municipal bonds have ballooned to $12.3 billion dollars in assets as of year-end 2012 from $600 million in 2007, the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) and the db X-trackers Regulated Utilities Funds (UTLT) gives investors access to municipal infrastructure revenue bonds and utilities, respectively – sectors currently untapped by other issuers.

Revenue bonds are issued for a wide range of reasons including maintenance of public water and power supplies, building of toll roads and tunnels, replacement and repair of bridges and roads, and for construction of mass transport systems such as ports and airports. Estimates suggest about two-third of municipal market are revenue bonds.

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06-14-2013

Ulli Newsletter Archives Contact

ETF/No Load Fund Tracker Newsletter For Friday, June 14, 2013

ETF/No Load Fund Tracker StatSheet

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

https://theetfbully.com/2013/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06132013/

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Market Commentary

Friday, June 14, 2013

THEME OF THE WEEK: RED AND VOLATILE

The major averages ended in the red after early gains evaporated during the opening hour amid a variety of factors. Traders cautiously await next week’s two-day monetary policy meeting by the Federal Reserve, which could offer clues into the central bank’s plans for eventually reducing the pace of its stimulus programs.

Moreover, a slew of lackluster economic reports added downward pressure to stocks, as they failed to inspire a continuation of yesterday’s rally. The Dow Jones Industrial Average closed 106 points lower (0.7%) at 15,070. Yesterday, the Standard & Poor’s 500 Index bounced off its 50-day moving average, but today’s session saw the index get rejected by its 20-day average, decreased 10 points (0.6%) to 1,627. The Nasdaq Composite shed 22 points (0.6%) to 3,424.

Big news came as the International Monetary Fund cut its 2014 outlook for America to 2.7% from 3.0% and urged the central bank to carefully manage its exit from stimulus plans.

Elsewhere, Industrial production was unchanged in May, slightly below the consensus of +0.1%. Manufacturing output ticked up 0.1%, led by durables. The Producer Price Index (PPI) rebounded a broad-based 0.5% in May, its first increase in three months, and above the consensus of 0.1%. Moreover, the Reuters/University of Michigan Consumer Sentiment Index fell 1.8 point to 82.7 in the preliminary June reading. Economists expected a smaller pullback to 84.0.

Stocks ended a volatile week as the CBOE Volatility Index climbed to notch its highest weekly close of the year with investors adjusting their near-term volatility expectations. Financial stocks led the market’s decline on Friday, ending lower by 1.3%.

Stocks failed to carry over momentum from last week’s relatively upbeat May employment report, posting the first three-session losing streak this year to finish in the red for the week. For the week, the Dow fell 1.2%, the S&P 500 slid 1% and the Nasdaq lost 1.3%. The bulls were hamstrung out of the gates as Chinese inflation, lending, and trade data disappointed. But the bulk of the pressure came courtesy of festering concerns about further global stimulus measures amid the backdrop of lingering Fed asset-purchase uncertainty.

Meanwhile, the concerns were exacerbated by the Bank of Japan holding off on adding to its aggressive stimulus measures, as some had expected. However, losses were pared by upbeat reports on US jobless claims and retail sales, which did little to clear up Fed exit plan uncertainty, ahead of next week’s policy meeting.

All eyes are on the Fed again next week. What can we expect? Probably more of the same, in regards to uncertain market direction, should the Fed’s language about its potential tapering efforts remain non-committal.

Our Trend Tracking Indexes (TTIs) lost some steam and ended the week as follows:

Domestic TTI: +2.65% (last week +3.04%)

International TTI: +5.14% (last week +6.14%)

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 Thomas:

Q: Ulli: Good morning. I need your opinion; I have a large share of my fixed income invested in HYG & JNK. Should I sell both positions at this time? Thank you.

A: Thomas: As you know, I let my trailing sell stops make those decisions for me, so that I don’t have to be emotionally involved. Depending on your risk tolerance, you can use a 5% or 7% trailing stop.

Figure out your high point from the time you purchased these ETFs, reduce that number by the dividends received, and then apply your sell stop. If it gets triggered, you sell; if not, you continue to hold. That’s what I would do.

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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, June 14, 2013

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

————————————————————-

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

https://theetfbully.com/2013/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06132013/

————————————————————

Market Commentary

Friday, June 14, 2013

THEME OF THE WEEK: RED AND VOLATILE

The major averages ended in the red after early gains evaporated during the opening hour amid a variety of factors. Traders cautiously await next week’s two-day monetary policy meeting by the Federal Reserve, which could offer clues into the central bank’s plans for eventually reducing the pace of its stimulus programs.

Moreover, a slew of lackluster economic reports added downward pressure to stocks, as they failed to inspire a continuation of yesterday’s rally. The Dow Jones Industrial Average closed 106 points lower (0.7%) at 15,070. Yesterday, the Standard & Poor’s 500 Index bounced off its 50-day moving average, but today’s session saw the index get rejected by its 20-day average, decreased 10 points (0.6%) to 1,627. The Nasdaq Composite shed 22 points (0.6%) to 3,424.

Big news came as the International Monetary Fund cut its 2014 outlook for America to 2.7% from 3.0% and urged the central bank to carefully manage its exit from stimulus plans.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 06/13/2013

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, June 13, 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

The domestic 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 +2.93% as part of the post election rebound.

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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Domestic Data Returns Stocks Winning Ways

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

U.S. equity ETFs returned to a more desirable direction today, snapping their first three-day losing streak of the year, as stocks got back to their winning ways in the face of the lingering uncertainty regarding global central bank stimulus and the World Bank delivering a downgraded economic growth outlook.

The Dow Jones Industrial Average advanced 181 points (1.2%) to 15,176, the S&P 500 Index added 24 points (1.5%) to 1,636, and the Nasdaq Composite gained 45 points (1.3%) to 3,445.

Once again, overseas action was in focus this morning as Asian markets remained volatile. Japan’s Nikkei stood out with a 6.4% loss while the yen continued strengthening.

On the economic front, Retail sales rose 0.6% in May, up in nine of the past 12 months, and above the consensus of 0.4%. The consumer side of the economy remains strong, despite higher payroll and other income tax rates this year.

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Pull-Back Is Gaining Momentum

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

Despite an early rally following upbeat European economic data, the major averages were unable to hold their flat lines past the opening 90 minutes, reversed course to close lower for a third-straight trading day.

The Standard & Poor’s 500 Index spent the entire day in a steady decline as minor bounces were met with aggressive selling. The Index lost 13 points (0.8%) to 1,613; while the Dow Jones Industrial Average declined 127 points (0.8%) to 14,995, and the Nasdaq Composite tumbled 37 points (1.1%) to 3,400.

Volatility spiked by exacerbated skepticism of the continuity of global central bank stimulus efforts. All 10 main industries in the S&P 500 retreated. Utility stocks fell 1.1 percent, extending a six-week decline to 11 percent. Cyclical sectors led to the downside as financials and discretionary shares ended with losses near 1.0%. Meanwhile, the defensive cousin of the discretionary space, consumer staples (XLP), outperformed the broader market with a loss of only 0.6%.

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