Specifically, FKO includes a 24.6% position in mega-caps and a 75.4% weight toward large-caps. Meanwhile, EWY shows a heftier 54.1% weight toward mega-caps, with a 18.9% united states position in Samsung Electronics. Despite the bearish effects of a rate cut on a countrys currency, the South Korean won shrugged off the cuts and appreciated to 1,020.93KRW per USD. Barclays strategists viewed the BOK rate cut as a one and done adjustment to restore confidence, designed to spur growth, with the main impulse coming in early 2015, MNI reports. Consequently, Barclays expects the won to continue strengthening. [ The Steadiness of South Korea ETFs ] Korea hedged equity ETFs, WisdomTree Korea Hedged Equity Fund ( DXKW ) and db X-trackers MSCI South Korea Hedged Equity Fund ( DBKO ) , which both try to limit the effects of currency fluctuations, would underperform non-hedged ETFs if the won continued to strengthen against the U.S.
New Jersey taxpayers on hook for $6.5 million to law firm hired by Christie in bridge scandal | Fox Business
Chris Christie hired to represent his office in the George Washington Bridge lane-closing scandal. The state attorney general's office released recent bills from Gibson Dunn & Crutcher on Friday. The law firm represents Christie's office in the state and federal investigations into last September's lane closures. It published a 350-page report in March that found Christie and his top staffers were not involved in the lane closures ordered by a former Christie aide, apparently as political retribution. The report has been criticized by some as a whitewash. Gibson Dunn earlier this year agreed to reduce its rate from the original agreement of $650 per hour to $350.
Fitch: High-Yield ETF Outflows Surge as Risk Appetite Shifts - Yahoo Finance
The $3.5 billion outflow figure tops the largest rolling four-week outflow total of $3.1 billion during the "taper tantrum" in May and June of 2013. A surge in redemption activity has driven most of the drop in high-yield ETF assets since early July, with average net asset values (NAVs) falling modestly. Between July 11 and August 8, total assets for the 10 high-yield ETFs we studied fell from $36.5 billion to $32.7 billion. In contrast to the heavy bond ETF trading period last year, when both high-yield and investment grade funds reported sharp rises in volumes, the recent spike in activity has been seen only among high-yield ETFs.
Wicked Strong Won not Wrekcing This South Korea ETF - Yahoo Finance
The chart below shows the one year price performance of IDV, versus its 200 day moving average: Looking at the chart above, IDV's low point in its 52 week range is $34.00 per share, with $41.11 as the 52 week high point - that compares with a last trade of $38.54. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
Notable ETF Inflow Detected - IDV - NASDAQ.com
South Koreas central bank cut its benchmark rate to 2.25% from 2.5%, the lowest since 2010 and the first rate cut since May 2013, as a way to kick start a stagnate property market and bolster growth that slowed last quarter to its weakest in over a year, Bloomberg reports. Policy makers are pumping up the economy through all possible means, Daewoo Securities Co. fixed-income analyst Yoon Yeo Sam said in the article. The ball is now in the court of consumers and businesses. If they dont respond as much as expected, the government and central bank may have to take more action. [ Bull Case for South Korea ETFs ] The First Trust South Korea Fund, which follows a type of smart-beta index based on growth and value factors, may be benefiting from its lower allocation to mega-cap stocks.