WisdomTree, the New York-based fifth largest exchange-traded fund issuer with about $38 billion in assets under management and 55 different products, has launched its sixth currency-hedged equity ETF. The latest product – the WisdomTree Korea Hedged Equity Fund (DXKW), is another attempt by the issuer to replicate the wild success of its $10.6 billion Japan Hedged Equity Fund (DXJ) that …
Tech Shares Decline As Apple Slumps; S&P 500 Touches 1,500 Level; Europe Rises On Upbeat PMI Data
[Chart courtesy of MarketWatch.com] The major market indexes mostly rose Thursday, with the Dow Jones gaining for a fifth day and the S&P 500 briefly topping the 1,500 mark as an unexpected drop in unemployment claims and upbeat corporate results offset the worst decline for Apple Inc in four years. Apple Inc slumped 12 percent to $450.50 after reporting the …
Fiscal Cliff Regression As Negotiations Stall; Europe Rises On German Data
[Chart courtesy of MarketWatch.com] Stocks turned lower after a two-day rally, pulling the S&P 500 down from a two-month high, as negotiations to avert deep spending cuts and tax hikes hit a rocky patch, fuelling concerns the economy may go over the so-called fiscal cliff next year. White House Communications Director Dan Pfeiffer said President Obama would veto a tax …
Last Hour Lift-A-Thon Saves The Day; Europe Turns Lower
[Chart courtesy of MarketWatch.com] US market indexes staged a late-session comeback Monday that erased early losses to end marginally higher after the technology sector rallied to lift major equity averages. It was the usual afternoon lift-a-thon we have become accustomed to witness now that the Fed is officially in charge of stock market direction. Following last week’s steep losses after …
Treasury Yields Fall To Erase Fed-Fueled Jump; US Equities Stuck On Growth Worries
[Chart courtesy of MarketWatch.com] US equities mostly closed lower even as blue-chip stocks managed to cling onto modest gains after economic reports from the US, China, Japan and Europe increased concern the global economic recovery is worsening. Chinese manufacturing slowed down for the 11th straight month in September after a HSBC preliminary purchasing manager’s index reading ticked up slightly to …
ETFs On The Cutline – Updated through 5/6/2011
With the equity markets losing steam last week, ETFs around the cutline (trend line) were affected by increased volatility and surprising moves occurred. As I pointed out, you need to look for momentum figures to not only be on the positive side but also show some stability by watching their movement for a week or so. Case in point is …
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