Hints and tips:
...In another test, S&P looked at US mutual funds....
...Using ETF fund data from etfdb.com and equity market data from www.cboe.com, I calculated rebalancing flows for all US equity L&I ETFs on this day to be just over US$20 billion of equities sold, representing...
...So I think I’m a great S&P 500 tracker fund guy....
...The best paper on this is probably Jean-François L’Her, Rossitsa Stoyanova, Kathryn Shaw, William Scott, and Charissa Lai’s paper “A Bottom-Up Approach to the Risk-Adjusted Performance of the Buyout Fund...
...Following recent share prices moves, Apple and Microsoft now account for about 47 per cent of the market capitalisation of the Technology Select Sector SPDR Fund, or XLK, which tracks the S&P index....
...While in 2021, a broad market rally led by Cyclical factors (Growth and Value) drove concentration to the highest level seen since the Nifty-fifties, the current market concentration episode is less constructive...
...“Broad market earnings estimates are falling and don’t seem to have bottomed”. The mood has improved a little....
...Funds wise, I’d go for the Xtrackers Nikkei 225 UCITS ETF, which charges just nine basis points, or the L&G Japan Equity UCITS ETF....
...The House Select Committee on the Chinese Communist party, led by Reps....
...While a growing number of AI-driven ETFs are trying to prove that it can, many are still struggling to outperform funds whose shareholdings are determined by humans or by companies’ market values....
...The First Trust and L&G funds in the list have notably fewer holdings, but it’s the HAN S&P Global Clean Energy Select HANZero Ucits ETF (ZERP) that is most concentrated by this metric, with just 30 holdings...
...But while few object to lawmakers investing in funds that hold a diversified portfolio or track broad market indices, many excepted funds are highly concentrated....
...This is Unhedged, the markets and finance show from the Financial Times and Pushkin....
...Over the past decade, according to mutual fund giant Vanguard, you could have earned an annual 13.8 per cent tracking the S&P 500....
...in the S&P 500....
...We’re now just a smidgen away from a bear market, with the S&P 500 benchmark US index down about 18 per cent between January 3 and May 12 (most observers regard a bear market as starting at a loss of 20...
...Empirically, the returns of a broad equity market index, such as the US S&P 500, are driven by the high returns of a relatively small number of stocks....
...State Street Global Advisors’ US-listed Financial Select Sector SPDR Fund (XLF) has seen the largest outflows of any ETF in dollar terms since the start of the invasion, among funds that report daily data...
...In contrast, broad S&P 500 ETFs saw $1.6bn walk out of the door in the week to Monday, reversing the buying witnessed earlier this year, while those tracking the Euro Stoxx 50 index saw outflows of $147mn...
...“What we see currently in funds is some difference relative to the S&P 500 [IT index] itself because of the capping....
...Simon Edelsten is co-manager of the Mid Wynd International Investment Trust and the Artemis Global Select Fund...
...Stock pickers are increasingly beating the broad market after a record May performance for managers of large cap US equity funds....
...such as the S&P 500 or FTSE 100....
...Nevertheless, Rosenbluth welcomed the switch to the more diversified S&P Transportation Select Industry FMC Capped Index....
...He cautioned that there was “no guarantee” that a thematic ETF would survive over the long-term and outperform a broad market index fund. “Indeed, in practice, most have failed,” he said....
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