Archives of “exchange traded funds” tag

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BlackRock on ‘unprecedented policy actions to limit the coronavirus shock’

  
  Analysis
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BlackRock is the world’s largest asset manager (circa $7.4 trillion in assets under management)

Given the surging equity markets (more ion this in just a moment) the comments from their latest update might appear stale (ps. these below relate to a credit view, not equities) :
  • Unprecedented policy actions to limit the coronavirus shock and sharply lower valuations have improved the outlook for credit, in our view. 
  • Major central banks are committed to keep rates low and greatly expand their balance sheets. 
More specifically on stocks (bolding mine):
  • We previously downgraded global equities to neutral. The coronavirus outbreak is disrupting economic activity and supply chains. The outbreak also poses risks to corporate earnings, in our view. Accommodative monetary policy is a support. We now favour rebalancing back toward benchmark weights as markets fall.

Circuit breaker levels to watch in the S&P 500 later today

  
Analysis, US Market
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How low can you go?

SPX

US futures hit limit down very early in the trading day and with European equities pointing to a 8-9% drop across the board, it looks like US stocks will be headed for an extremely rough open later in the cash market (S&P ETF down by nearly 10% now).
Here are the key circuit breaker levels to watch today:
  • Level 1: 2,521.25 or down 7% from Friday close
  • Level 2: 2,358.59 or down 13% from Friday close
  • Level 3: 2,168.82 or down 20% from Friday close
If anything else, also keep an eye out on the key trendline support that stretches back all the way to 2009, currently near the 2,500 level. Clearly, this did not age very well:
SPX Trump

SEC disapproves plan to list bitcoin ETF

  
Analysis, BITCOIN
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ETF rejected

It was already a tough day for bitcoin but news that the SEC has disapproved a plan to list a bitcoin ETF on NYSE ARCA is now breaking. Regulators cited concerns over Bitcoin manipulation.
There are a few people trying to get an ETF approved, I’m not sure exactly which one this is but it doesn’t bode well for anyone who is trying to convince the SEC.

10 worst performing stock markets in 2014

  
Analysis, Education
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10. Malaysia – Bursa Malaysia stock exchange

Loss in 2014: -10pc

How to access this market: The best route to this stock market is via the iShares MSCI Malaysia ETF, which tracks the up and down movements of shares listed in Malaysia. 

9. Mexico – Bolsa Mexicana de Valores SAB de CV stock exchange

Loss in 2014: -12pc

How to access this market: One option is to buy a fund that has a significant chunk of its money in Mexican shares, such as the Blackrock Latin American Investment trust, which has around 30pc of its money in the country. Alternatively there is SPDR MSCI Mexico Quality Mix ETF and the iShares MSCI Mexico Capped ETF. 

8. Brazil – Bovespa stock exchange (more…)

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