Homebuilder ETFs Power through Negative Housing Data
Homebuilder exchange-traded funds held strong this week despite weak housing data released for the month of June. Both SPDR S&P Home Builders ETF (XHB: Profile, Quote, Advanced Chart, News) and iShares Dow Jones US Home Construction (ITB: Profile, Quote, Advanced Chart, News) are closing out the week on a good note. The two ETFs gained [...]
Who’s Who in ETFs Shows Unlikely Results
Although 2010 continues show the promise of a recovery, what was hot in 2009 is appearing to cool as 2009′s losers become 2010′s big winners. In 2009, gold had the Midas touch, but as the commodity markets cool from ebbing inflation fears, an unlikely candidate is leading the charge in the best performer category. Only [...]
Major Banks Find Avenues around Leveraged ETFs
Rather than create leveraged ETFs, banks are finding it easier to create structured products that leverage investments on the investor’s end, instead of leveraging on the ETF’s end. The new products, which stand to benefit from poor publicity surrounding leveraged ETFs, are more like exchange-traded notes than ETFs. JP Morgan has introduced a new structured [...]
Real Estate ETFs Build on Positive Home Sales
After one year of jack-hammered prices, real estate ETFs are finally starting to rebuild. With existing home sales growing 7.2% from June to July, along with another 9.6% growth for new homes, real estate ETFs are slowly paving the road to recovery. Fueled by the positive home sales news, investors rallied around real estate ETFs [...]
Investors Turn Bullish on Homebuilder ETF
Assisted by unprecedentedly low rates from the Federal Reserve, the S&P Homebuilders ETF received a large bullish trade from an options investor. The investor’s position calls for a near 30% rise in the exchange-traded fund by the end of the year. An unknown investor today purchased 10,000 December $20 strike options on the S&P Homebuilders [...]
Eight State Street ETFs to Be Rebalanced on S&P Procedural Change
State Street Global Advisors will rebalance eight of its most popularly traded Standard and Poor’s based funds to comply with new procedural changes. The funds will be rebalanced based on equal weighting from the closing price on June 12. The revised portfolios will be completed by June 19, according to the press release. The following [...]
Eight State Street ETFs to Be Rebalanced on S&P Procedural Change
State Street Global Advisors will rebalance eight of its most popularly traded Standard and Poor’s based funds to comply with new procedural changes. The funds will be rebalanced based on equal weighting from the closing price on June 12. The revised portfolios will be completed by June 19, according to the press release. The following [...]
Falling Home Prices: An Ironic Boon for Homebuilder ETFs
Falling home prices strengthened homebuilder ETFs as investors hope that the supply of homes will continue to plummet with prices. In the first quarter of 2009 alone, home prices dropped by more than 19.1%, signaling that the bottom in home prices may soon be found. Investors are hoping that fast-falling home prices will help buoy [...]
Investors’ Sentiment Bricked against Housing Start Data
Even as the housing data forecast crippled demand for new homes, investors remained bullish on homebuilder stocks. Unusual option volume on the SPDR Homebuilders ETF proved investors would not allow one bad month to stand in the way of a real estate rebound. The SPDR Homebuilders ETF (XHB: Quote, Profile, Advanced Chart, News) logged twice [...]
State Street Leverages its Following to Launch New Mortgage ETF
Investors now have the opportunity to invest solely in the American mortgage business, with State Street’s announcement of the launch of the SPDR KBW Mortgage Finance ETF (KME: Quote, Profile, Advanced Chart, News), which is a twist on its popular SPDR KBW Bank ETF (KBE: Quote, Profile, Advanced Chart, News). The new fund will contain [...]
