[Business Wire] - WHEATON, Ill.----First Trust Advisors L.P. announces the declaration of the regular quarterly and semi-annual distributions for 36 of 43 exchange-traded funds advised by FTA. The following dates apply to today?s distribution declarations: Expected Ex-Dividend Date June 22, 2010 Record Date June 24, 2010 Payable Date June 30, 2010 Per Share Ticker Exchange Fund Name Frequency Amount First Trust Exchange-Traded Fund FDM NYSE Arca First Trust Dow Jones Select MicroCap IndexSM Fund Semi-Annually $ 0.02680 FDL NYSE Arca First Trust Morningstar® Dividend LeadersSM Index Fund Quarterly $ 0.16560 FPX NYSE Arca First Trust US IPO Index Fund Semi-Annually...
First Trust Advisors L.P. (?FTA?) announces the declaration of the regular quarterly and semi-annual distributions for 36 of 43 exchange-traded funds advised by FTA. The following dates apply to 2010 06 21 17:04
It was a heady year-and-a-half for consumer discretionary exchange traded funds. And then came a series of left hooks that sent the ETFs down as much as 8% in the last three months. What’s it going to take for a comeback?
With equity markets surging in July, many investors had hoped that the U.S. was finally pulling itself out of its nearly two year economic malaise. Private job hiring numbers in ADP’s report were solid, and concerns over the European debt situation seemed to be moderating as investors focus their attention elsewhere. Despite these initial positives, August has already proved to be a rough month for the consumer discretionary sector, with retail firms being among the hardest hit after bearish data to close out the past week.
The sweeping financial reform bill is now a law. While most people know what it’s supposed to mean for Wall Street banks, fewer, perhaps, understand what it will mean for consumers and consumer ETFs.
The bill includes measures that will provide the Feds with new power, allow the government to shut down large financial companies on the verge of failure, change the rules on how financial firms engages risky and speculative behavior and give shareholders a greater voice in executive pay, writes Miranda for Financial Highway.
Disappointing earnings from a slew of giants, including Google (GOOG), Bank of America (BAC) and Citigroup (C) primarily dragged financial exchange traded funds down by as much as 4% in early trading.
JPMorgan’s (JPM) earnings may have been an anomaly. Bank of America’s earnings fell 3.1% – less-than-expected, but disappointing to investors. Citigroup’s profit in the second quarter fell 37%, which beat estimates. Analysts were less excited...
Worries about the domestic and global economy didn’t wind down along with the second quarter. They’re hanging around, dogging the markets and ETFs right into the third quarter.
Financial overhaul made another step closer to becoming a reality late yesterday after the House approved it. It’s now marching over to the Senate, where it may encounter some resistance.
Stocks and ETFs are shying away from making any big moves this morning as the nation awaits the testimony of Goldman Sachs CEO Lloyd Blankfein and trader Fabrice Tourre.
Tourre and Blankfein will speak to a panel of senators today to defend themselves and Goldman Sachs (GS) against charges by the Securities and Exchange Commission. The SEC alleges that Goldman lured investors to invest in a housing market that Goldman new was collapsing as far back as 2007, then betting against those investors. Financial Select Sector SPDR...
March was good. Very good. Consumers shopped more than they have in several years. Sure, they’re not flinging Benjamins with abandon, but the signs of a turnaround are there. Retail ETFs come in several varieties for you to play along at home.
Like it or not (and believe it or not), we’re in a bull market. Last week we celebrated the one year anniversary of the March 2009 bottom, and are sitting on 70% gains since that reversal a little over a year ago.
I notice that many readers are confused about why the dollar is rallying despite the numerous chronic fundamental weaknesses in the US economy. These include:
Continued job losses. Until recently, it appeared that at least the pace of these losses was slowing, but lately it has picked up again, casting doubt on the belief that the employment picture is turning around. That makes real recovery virtually impossible, because weak jobs and personal incomes in turn cripple recovery in:
Consumer spending, which comprises about 90% of US GDP.
The critical banking and housing sectors, which both depend om consumer...
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