The product was also heavy on financials and telecom with almost the same allocation as that of FTSE index. However, the ETF still maintained its focus on large cap exposure with the new index. Bottom Line Clearly, there are some differences between the old and new benchmarks, suggesting modest change for many investors. The larger number of securities and greater country exposure seem to be the real key. Nevertheless, the old and new indexes are quite comparable in terms of sector and individual companies. The ETF remains an interesting option for investors seeking wide exposure in the global ex-developed market.
mutual fund company, said on Monday that Gregory Davis, a major force behind the launch of bond exchange-traded funds, will become the chief of its fixed-income group, which has $750 billion in assets. Davis, 43, will replace Robert Auwaerter, who is retiring in March after more than 30 years with Vanguard, where he oversaw exponential growth in bond assets. Davis is currently Vanguard’s chief investment officer in the Asia Pacific region and director of investments in Australia. He has played a major role in helping Vanguard successfully launch bond ETFs such as the Vanguard Total International Bond ETF. That fund has nearly $700 million in assets since its http://www.etftradingsignals.com/ launch just six months ago, Vanguard’s chief investment officer, Tim Buckley, said. Auwaerter, 58, is credited with playing a major role in taking Vanguard from a bond backwater in the 1980s to a global powerhouse.
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Emerging ETF Rises as Vale Jumps on China’s Economic Data
The Dow Jones Industrial Average (DJIA) ended in the black by the thinnest of margins as it ended the week up a mere 0.3%. The S&P 500 Index (SPX) made it into the plus column as well, but just barely, as the benchmark index gained 0.1%. Meanwhile the Nasdaq Composite (COMP) landed in the red zone, shedding 0.5% for the week. What is more worthy of note, however, would be the bottom line for the equity market in October. The Dow climbed 2.8% for the month, while the Nasdaq ended up adding 3.9%. The best performer of the lot was the SPX, which ended up 4.5% for the month.
and Beijing Zhongke Sanhuan High-Tech Co. rallied more than 3 percent, while Brazilian iron-ore producer Vale rose to the highest since March. The Budapest Stock Exchange Index increased to a three-month high as Hungarys ruling party proposed aiding foreign-currency mortgage borrowers using existing tools after legal obstacles delayed new assistance measures. Chinas Purchasing Managers Index for services was 56.3 in October, up from 55.4 in the previous month, official data showed yesterday, after a manufacturing PMI (CPMINDX) on Nov. 1 that also pointed to an expansion. The nations top party officials will meet from Nov.