What You Should Know : First Trust sponsors the ETF. FRI has a 0.50% expense ratio. The ETF has 148 components and the top ten make up 37.5% of the overall portfolio. Sub-sector allocations include retail REITs 25.6%, residential REITs 16.2%, office REITs 13.8%, healthcare REITs 13.3%, diversified REITs 10.0%, specialized REITs 8.7%, hotel & resort REITs 7.9% and industrial REITs 4.6%. FRI is up 3.2% over the past month, up 6.0% over the past three months and up 28.5% year-to-date.
The financing will support future investment and operational activities. SPDR S&P International Technology Sector ETF (IPK) was also unchanged. Semiconductor ETFs SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were also flat. Adobe (ADBE) was up 5.53% after it reported Q4 revenue of $1.073 billion, better than the analyst consensus of $1.062 billion on Capital IQ. Adobe Marketing Cloud revenue was $330 million with record bookings in the quarter.
ETF Preview: Broad Market ETFs Edge Higher in Step With Futures Amid Positive Retail Sales, Jobs Data – NASDAQ.com
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Is the $2 trillion ETF industry in consolidation mode? – Yahoo Finance
The active ETF spaced added 4 new strategies and gathered $9889 million in assets over November. First Trust has been quickly gaining traction in the active ETF space, bringing in over $1 billion in assets in November. Meanwhile, PIMCO continued to lose assets as investors yanked $300 million from the fund provider in the wake of Bill Gross switch to Janus. Investors were particularly interested in active short-term bond ETFs, with the recently launched First Trust Enhanced Short Maturity Fund ( FTSM ) , which launched in early October, up to $1.6 billion in assets as of the end of November. Nevertheless, the PIMCO Enhanced Short Maturity ( MINT ) still dominated the category, with $3.6 billion in assets under management. Active short-term bond ETFs held $6.8 billion in assets, representing 36.8% best eft portfilo of the active ETF market share.
Active ETF Segment Keeps Growing, Attracting Assets – Yahoo Finance
Plus, Eaton Vance Corp. (EV) received regulatory approval by the Securities and Exchange Commission (or SEC) to launch nontransparent, actively managed ETMFs (exchange-traded managed funds). Consolidation in ETFspace With the increasing number of banks and asset managers entering into ETFs by taking over smaller, existing players, the industry for ETFs seems to be in consolidation mode. In such a situation, smaller niche players such as WisdomTree Investments, Inc. (WETF) can be next in line to serve as targets of such acquisitions.