The top performing non-leveraged ETFs over the past month include ELEMENTS Linked to Spectrum Large Cap U.S. Sector Momentum Index ( EEH ) up 68.1%, First Trust NYSE Arca Biotechnology Index Fund ( FBT ) up 10.1% and iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN ( JO ) up 8.6%. EEH tracks an index based on the relative weights of the sub-indices within the S&P 500 Index and follows a momentum strategy. Accordingly, the index overweights sub-indices that outperform the S&P 500 while under-weighting under-performing sub-indices. After the monthly surge, the exchange traded note now trades at a wide disparity to its net asset value, trading around a 37.8% premium to its NAV, according to Morningstar. The biotech sector is gaining momentum on greater merger and acquisition activity, notably after Swiss pharmaceuticals giant Roche announced it will acquire InterMune ( ITMN ) for $8.3 billion in cash.
Absolute Shares Trust Debuts with 10 Active Multi-Asset ETFs - Yahoo Finance
The issuer has recently launched 10 new actively managed ETFs that are to be sub advised by WBI Investments, an affiliate of Millington Securities. As per the SEC filing , the newly launched funds seek to follow an absolute return approach to investment management, seeking to provide attractive returns, while minimizing volatility and risk (read: 3 Ultra Safe Bond ETFs to Dodge Market Turmoil ). The issuer seeks to apply quantitative computer screening to select fundamentally strong stocks with attractive growth opportunities and uses technical analysis to decide the appropriate time for purchase. Moreover, the fund follows a strict stop loss approach and sells a particular security if its price falls below a particular acceptable price range. The products will invest in multiple asset classes including domestic and foreign securities, as well as equities (such as common stocks, preferred stocks, rights, warrants, convertibles, ETFs and MLPs) and debts (such as U.S.
Best And Worst ETFs Of The Week Amid Summer Send-Off | Fox Business
of the U.S. for $1.23 billion (940 million euros) to reduce debt. Heineken acquired the business in 2010 as part of a $7.9 billion deal to buy the Mexican company Femsa, which owned the Dos Equis, Tecate and Sol brands. But Heineken said Monday it doesn't view the production of cans, corks and bottles as part of its core business: brewing and marketing its http://www.etftradingsignals.com beer. Philadelphia-based Crown said the deal will make it the second-largest beer and soft drink can producer in the United States and the maker of 20 percent of all cans globally. In 2013, Empaque had sales of $660 million, operating profit of around $95 million, and 1,500 employees.
Heineken sells Mexican packaging business to Crown for $1.23 billion | Fox Business
Draining water from the lake allows inspectors to get a better look at any damage and determine what needs to be done, department spokeswoman Bethany McCorkle said Sunday. She said the spillway gates were opened to lower the lake level and pumper trucks can be used if officials decide the water needs to be lowered even more. McCorkle said the dam appeared stable and officials would continue to monitor the situation. The website noted that the lake had been lowered out of "an abundance of caution." Ohio was using the engineering firm Stantec to help assess and monitor the situation. The water was closed to recreational activity while inspectors continue their assessment, but the rest of the park in Pike County remained open during regular hours.
ETF Preview: ETFs, Futures Trim Gains as Consumer Spending Falls for the First Time in Six Months - NASDAQ.com
Energy Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) were flat in pre-market trading . CMS Energy (CMS) said it is accelerating its plan to provide updated electric meters to homes and businesses across Michigan. By the end of 2017, two years earlier than scheduled originally, 1.8 million electric meters will be updated along with 600,000 natural gas meters for customers who also have Consumers Energy electric service. Commodities Crude was up 0.38%.
Officials search for cause of leaks in Lake White Dam; water closed to recreational activity | Fox Business
The broad large-cap index remained largely flat, however, after Mondays strong leap forward. As a result, traders are digesting both technical data and geopolitical headlines to divine any clues about the next move in stocks. The following ETFs represent a sample of the best and worst performing funds over the last five trading sessions. Related Link: Emerging Market ETFs Lead Q3 Fund Flows BEST: Coffee Prices Caffeine lovers received a jolt from the price of coffee this week as the iPath DJ-UBS Coffee Sub Index ETN ( JO ) and iPath Pure Beta Coffee ETN ( CAFE ) both rose more than seven percent.