Hot answers tagged etf
^GSPC is a price index, not a total return index, so it does not include dividends. SPY is an ETF that holds the underlying stocks. When it receives a dividend it keeps it in a cash account (which of course affects the NAV and market value of SPY shares) until the end of the quarter. At that time (on the 3d friday of Mar Jun Sep or Dec) it will pay out the ...
Firstly, Volume doesn't equal movement. The best thing is to look at what it represents. SHV is the iShares Short Treasury Bond ETF. This means it tracks short-term treasury bonds. Many forms of balanced portfolios require some portion of funds in bonds. This ETV is an easy vehicle to get fractional exposure to bonds. As far as "has not moved much" is ...
It depends on your ETF. Some have synthetic exposure to the index sold by a sponsor (ie someone give them exactly the performance of the index) but this has a cost (a constant / deterministic drag on the NAV of your ETF which doesn't appear in your tracking error). Futures on the other hand have basis, are sensitive to changes in implied dividends and ...
I don't have much experience in the matter, but I've been doing some related literature research recently and I think these links can be helpful: A rather recent study from CME A (possible a bit biased) report by BlackRock A report by Lyxor (asset manager affialiated to Societe Generale)
Many funds, that manage ETFs provide this on their webpages. E.g. SDPR (SPY, XL* family) has is in "NAV history" xls file on https://www.spdrs.com/product/fund.seam?ticker=SPY
The current contract value is roughly 30k euros. The bidask spread is 1 tick, which equals 10 euros. Lets say you buy the contract and roll 3 times a year and then liquidate your position at expiry. You will hence pay 1 full bidask spread + 3 rolls, which if done via spreads with market orders, are equal to 1 tick each, hence you will pay 40 euros on bidasks ...
Yes. First, XLF and FAZ do not track the same underlying benchmark. -> XLF tracks the S&P Financials Select Sector Index -> FAZ tracks the Russell 1000 Financial Services Index I'll ignore that for this sake, because their baskets are likely still very similar. Pretending their benchmarks were the same, you would theoretically have a dead on (3x) ...
ETNs are senior, unsecured and unsubordinated debt securities issued by an underwriter. When you buy an ETN you are essentially lending money to the issuer in exchange for exposure to an index minus some basis points(management fees). As with most debt instruments, if the issuer defaults, you already assumed the credit risk. As for the question of why ETNs ...
I am not too knowledgeable with ETCs but here are some differences between ETFs & ETNs. ETFs emerged from the concept of buying "baskets" of stocks (similar to mutual funds) & became popular because they were cheaper than mutual funds. ETNs just as their name implies are Notes. They are similar to ETFs in the form of representing baskets of stocks ...
The umbrella term is Exchange Traded Product or ETP, so your sentence would become "The fund invests in ETPs". For the second question a simple way of looking at it is, a ETN would have credit risk with the issuer, where an ETC would not.
Briefing.com has an api and ravenpack has data as well to find news for stocks that are members of indices.
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