Company Overview and News
Stop missing out on important events!
Not all index funds or ETFs are tax efficient, even if they are market cap weighted.
February 2018 will be remembered for the brake that the Trump Rally hit after a long and smooth journey. Several market watchers persistently warned of overvaluation and investors have showed amazing patience so far. But the U.S. market crashed to start February. (7-1)
For the second week in a row, investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting $6.4 billion. While fund investors were net redeemers of municipal bond funds (-$591 million) and money market funds (-$7.1 billion), they padded the coffers of equity funds (+$13.3 billion) and taxable bond funds (+$854 million) for the fund flows week ended February 28, 2018.
For the second week in three, investors were net sellers of fund assets (including those of conventional funds and ETFs), withdrawing $14.1 billion. Despite a turnaround in the equity market, fund investors were net redeemers for the week of equity funds (-$4.6 billion), taxable bond funds (-$7.8 billion), municipal bond funds (-$443 million), and money market funds (-$1.3 billion). (0-1)
Let it be that not everyone who warns of risks can be grouped together with the "chicken littles" and the "gollums."
And after speaking to a couple of strategists who were kind enough to humor me on the weekend (bless their hearts), I wanted to dig into this a little further. (4-0)
The month of January was all about Trump bump, cheering the tax reform, reassuring earnings, global economic growth and rising Treasury bond yields. Overall, markets remained upbeat though equities slipped at the end (read: Is it Time to Buy the Dip with ETFs?). (10-0)
For the second week in three, investors were net sellers of fund assets (including those of conventional funds and ETFs), withdrawing $6.0 billion. However, the headline number once again was a little misleading. Fund investors were net redeemers of money market funds, withdrawing $26.0 billion, but they were net purchasers of long-term assets, padding the coffers of equity funds (+$16.2 billion), taxable bond funds (+$3. (310-0)
Thomson Reuters Lipper's fund macro-groups (including both mutual funds and ETFs) grew their coffers by $21.4 billion for the fund-flows week ended Wednesday, January 10. The lion's share of the net inflows went into equity funds (+$12.0 billion) and taxable bond funds (+$10.4 billion), while municipal bond funds received $1.1 billion. Money market funds were the only macro-group giving back net money for the week; they suffered net outflows of $2. (14-0)
For the global stock market, 2017 was a banner year, having added $9 trillion in value thanks to booming economic growth in developed countries, strong corporate earnings, and central banks' go-slow approach to ease financial support. Notably, MSCI All-World Index gained nearly 22% last year (read: Top & Flop Zones of 2017 and Their ETFs). Trump’s tax overhaul and a spending spree bolstered the optimism in the world’s largest economy while China, the world’s second-largest economy, is holding up well. (33-1)
The following presents the least and most expensive style ETFs as well as the worst overall style ETFs per our Q4'17 style ratings.
Dave Dierking, CFA, and SA Editor Carolyn Pairitz Morris talk about 2017 and the year ahead for ETF investors. (13-0)
Thomson Reuters Lipper's fund macro-groups (including both mutual funds and ETFs) suffered their worst weekly net outflows of 2017 as their coffers shrank $46.4 billion for the fund-flows week ended Wednesday, December 20. Equity funds (-$22.2 billion) and money market funds (-$21.2 billion) dominated the net outflows, while taxable bond funds contributed $3.3 billion to the total outflows. Municipal bond funds, with a net inflow of $251 million, were the only group taking in net new money for the week.
The ETF industry continues to grow at a rapid pace. During the first eleven months of 2017, global exchange traded products saw record net inflows of US$600 billion, 53.6% more than in all of 2016, according to London-based consulting firm ETFGI. (17-0)
For the sixth week in a row, investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting $13.5 billion. However, the headline number was a little misleading. Investors padded the coffers of money market funds (+$30.7 billion) and municipal bond funds (+$217 million) while being net redeemers of equity funds (-$16.2 billion, their eleventh largest weekly net outflows on record) and taxable bond funds (-$1.