Poor Fundamentals Drag Down Oil Etfs | Etf Trends

The United States Brent Oil Fund (NYSEArca: BNO ) decreased 2.1% Thursday and touched a 13-month intra-day low Wednesday. Meanwhile, the United States Oil Fund (NYSEArca: USO ), which tracks West Texas Intermediate oil futures, fell 1.9% Thursday and is now trading about 0.2% below its 200-day simple moving average. Brent crud oil futures were hovering around $102.2 per barrel and WTI crude oil was trading at $96.1 per barrel on Thursday. Oil futures took a hit earlier this week after the International Energy Agency projected lower oil demand for 2014, pointing to lower-than-expected second quarter growth in developed economies and a decline in Chinese inventories, the Wall Street Journal reports. Market observers pointed out that cargoes of West African crude had trouble finding buyers in Europe and the U.S., a sign of diminished demand. Its a well-supplied market at this stage of the game, Roland Austrup, chief executive of Integrated Managed Futures Corp, said in the article. Supply does not seem to be an issue. Libyas Ras Lanuf terminal opened its ports for oil shipments Wednesday. Fighting in Iraq have been far away from the oil fields. Additionally, Western sanctions on Russia have largely avoided the large oil sector. [ Brent Oil ETF Faces Headwinds ] North Sea Brent Crude, a type of oil used as a benchmark for prices in European, African and Middle Eastern oil exports, have largely shrugged off tensions in the Middle East and Ukraine. http://www.etftrends.com/2014/08/poor-fundamentals-drag-down-oil-etfs/?utm_source=iContact&utm_medium=email&utm_campaign=ETF%20Trends&utm_content=

China ETFs Tracking FTSE Indices Top $20B in AUM | ETF Trends

Among the largest constituents of the index are Ping An Insurance, China Vanke and Gree Electric Appliances. FTSE is a leading provider of China-focused indices with ETFs tracking the FTSE China Index Series accounting for over $18 billion AUM, as at 31 December 2013, according to the index provider. Chinese equities represent an increasingly important part of the global equity investment landscape. We are delighted that market participants are attracted to our established track record in the region, and as Chinas markets continue to become more accessible for foreign investors, we will aim to provide further transparent and flexible benchmarks, said FTSE Group CEO Mark Makepeace in the statement. In June, FTSE introduced a series of indices that will allow market participants to include China A-shares in global indices at a time of their choosing. The new offerings from FTSE could help global investors prepare for the possible inclusion of Chinas A-shares in global benchmarks in the coming years. In addition to FXI, over 100 U.S. ETFs, including massive funds such as the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO ) and the Vanguard FTSE Europe ETF (NYSEArca: VGK ), benchmark to FTSE indices. [FTSE Increases U.S. Index Presence] ETF Trends editorial team contributed to this post. http://www.etftrends.com/2014/08/china-etfs-tracking-ftse-indices-top-20b-in-aum/?utm_source=iContact&utm_medium=email&utm_campaign=ETF%20Trends&utm_content=

Stagnate Growth Has Europe ETFs Lagging | ETF Trends

The Eurozones gross domestic product was flat in the second quarter, compared to the first, and eked out a 0.2% growth in annualized terms, down from the first quarters 0.8% rise, the Wall Street Journal reports. Other developed economies, like the U.S. and the U.K., have experienced healthier expansions since the global financial crisis, but the Eurozone remains 2.4% below its pre-crisis peak. The euro zone will probably remain image source stuck in stop-and-go mode, said Peter Vanden Houte, an economist at ING, said in a note. Germany, which provides about 30% of the Eurozones output, contracted 0.2% over the second quarter, its first contraction since the end of 2012, the Financial Times reports. [ Germany, France ETFs Fall Into A Market Correction ] Additionally, France experienced zero growth and Italy fell back into a recession, its third since 2008. http://www.etftrends.com/2014/08/stagnate-growth-has-europe-etfs-lagging/?utm_source=iContact&utm_medium=email&utm_campaign=ETF%20Trends&utm_content=

Publié le par Emilie dans «misc».