First Trust Advisors, the Wheaton, Il-based money manager known for its niche strategies, has launched its fourth actively managed ETF. The First Trust Senior Loan ETF (FTSL) is expected to compete with the recently launched SPDR Blackstone/GSO Senior Loan ETF (SRLN). Debuted last month, SRLN is also actively managed and has already accumulated assets of more than $160 million. FTSL …
ETF/No Load Fund Tracker Newsletter For Friday, May 3, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05022013/ ———————————————————— Market Commentary Friday, May 3, 2013 DOW HITS NEW MILESTONE; S&P GRABS RECORD HIGH What a Friday… as the Dow Jones Industrial Average touched 15,000 for the first time in its long history, the world’s 200 richest people added $44.6 billion to their …
Positive Headlines Help Stocks Surge To New Record
[Chart courtesy of MarketWatch.com] Equity markets celebrated yet another record date as the European Central Bank (ECB) cut its key interest rate, domestic jobless claims unexpectedly fell to a five year low, and the technology sector reported strong earnings. The Dow Jones Industrial Average was up 130 points (0.9%) to 14,830, the S&P 500 Index added 15 points (0.9%) to …
Poor Macro Data Knock Down the Bulls
[Chart courtesy of MarketWatch.com] Disappointing economic data finally dragged stocks down. The Dow Jones Industrial Average was down 138 points (0.9%) to 14,701, the S&P 500 Index lost 15 points (0.9%) from its record high to 1,583, and the Nasdaq Composite decreased 30 points (0.9%) to 3,299. Volume came in slightly lower than Tuesday. Commodity companies dropped the most among …
7 ETF Model Portfolios You Can Use – Updated through 4/30/2013
And the beat goes on. No matter how bad economic news is, it simply does not matter as the feeding frenzy caused by the Fed’s endless printing efforts continues unabated. It has come to the point where only Fed policy is in charge of market direction; nothing else appears to have any effect. Good thing that we are not involved …
More Bad Economic News = More Gains in the Market
[Chart courtesy of MarketWatch.com] The bulls simply don’t know how or when not quit as stocks ended Tuesday’s session on a modestly higher note in the face of another day of mushy global economic data. The Dow Jones Industrial Average moved up 21 points (or 0.1%) to 14,839, the Nasdaq Composite gained 22 points (0.7%) to 3,329, and the Standard …