The iShares MSCI Emerging Markets ETF (NYSE: EEM), the second-largest emerging market exchange traded fund by assets, is expected to look different next month as index provider MSCI Inc. (NYSE: MSCI) proceeds with the inclusion of companies with primary exchange listings in countries away from home domiciles in the firm's international benchmarks.
Companies traded outside of the country of classification (i.e., "foreign listed companies"), , include well-known Chinese Internet and technology firms such as Alibaba Group Holding Ltd. (NYSE: BABA) and Baidu Inc. (NASDAQ: BIDU). Those companies and others will be added to the MSCI Emerging Markets Index on December 1, which could lure added investments to funds tracking that benchmark of $70 billion or more.
KraneShares CSI China Internet Fund (NASDAQ: KWEB). Home to a combined weight of nearly 18 percent to Alibaba and Baidu, KWEB has climbed 13.5 percent over the past month as Baidu, China's largest Internet search provider, has surged more than 35 percent over that period.
Related Link: Getting Contrarian With Emerging Market ETFs
"MSCI's inclusion of the top into their indices will trigger massive inflows into the stocks KWEB holds today. On October 23rd Goldman Sachs estimated the inflows could be as high as $78 billion. With all these factors firmly in place, we believe KWEB may continue its recent strong performance," said KraneShares .
Apparently MSCI MSCI +% will be including US based Chinese ADS issues in its index tomorrow as per CNBC.
Beneficiaries were Alibaba , Baidu , NetEase, Ctrip, Qihoo 360, SoFun.
Massive volumes on each of the names.
Still waiting for official confirmation of the above news.
Will keep you posted.
Sorry for the brief post but I am sure a lot of you are wondering what happened a few minutes before the close with these names.
its is a consolidating bottoming pattern I think.. stocastics give a buy..possible HSH reversal pattern.. time will tell.. but when low..low risk here IMHO..
I put worthless posters on hold as most are here :)Mexico's Pemex inks deal with Global Water Development Partners
REUTERS 11:43 AM ET 11/30/2015
MEXICO CITY, Nov 30 (Reuters) - Mexico's state-owned oil company Pemex has entered into a partnership with Global Water Development Partners (GWDP) that aims to invest $800 million in water treatment infrastructure projects, the Mexican company said in a statement on Monday.
The partnership will focus on storage and residual water treatment projects at Pemex oil production areas both onshore and offshore as well as at refineries and petrochemical plants, the statement said.
It was not immediately clear how much funding each entity would contribute, or which specific projects will be launched first.
GWDP was established last year by U.S.-based Blackstone Energy Partners, the firm's energy-focused private equity business, and is owned by funds managed by the investment firm, according
CalPERS, the seventh-largest investor in private equity with roughly one percent of the market, said its private equity earnings were based on $29.3 billion in original investments. Total realized proceeds, meaning return of original investment plus realized net gain, totaled $53.5 billion.
"Private equity has the highest net returns in our portfolio," said Ted Eliopoulos, CalPERS Chief Investment Officer in a statement. The new accounting system "will allow us to more meaningfully examine information received from our external investment partners."
Private equity returned 8.9 percent to CalPERS in the last fiscal year, compared to 1 percent from public equities and 2.4 percent overall. The asset class has consistently outperformed the fund's overall assumed return rate of 7.5 percent, but it has also routinely over the past decade missed CalPERS' benchmarks.
will see about going..
Intellipharmaceutics to Present at the LD Micro Main Event
TORONTO, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Intellipharmaceutics International Inc. (Nasdaq:IPCI) (TSX:I) ("Intellipharmaceutics" or the "Company"), a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs, today announced that the Company is scheduled to present at the LD Micro Main Event on December 2, 2015. The presentation will take place at 10:00 A.M. (PST) (1:00 PM EST) in the Luxe Sunset Bel Air Hotel in Los Angeles, California.
BX owns 77% of VSLR....just running with a bad spell..but BX has many other excellent options and holdings...like the Multi BILLION housing portfolio which they will make a Hugh profit on
I notice the same articles continually being spread in the current news!!!! why do they keep repeating the same negative slanted news?? I have seen this article several times and others....By Jonathan Stempel
NEW YORK, Nov 12 (Reuters) - Gucci, Yves Saint Laurent and other luxury brands suing Alibaba Group Holding Ltd(BABA) for promoting the sale of counterfeit goods have backed away from their threat to withdraw from mediation, despite Alibaba(BABA) founder Jack Ma's statement that he would rather lose the case than settle.
Brands owned by Paris-based Kering SA accepted U.S. District Judge Kevin Castel's request that they try to resolve their differences through a mediator, their lawyer Robert Weigel said in a letter filed on Wednesday night in Manhattan federal court.
The brands, also including Balenciaga and Bottega Veneta, had accused the world's largest online retailer of trademark infringement for letting 31 companies sell knockoff goods, damaging the brands' sales and reputation.
One example cited in the lawsuit was a bogus "high quality leather" tote bag offered for $2 to $5 that resembled a real Gucci bag costing $795. The lawsuit sought a halt to counterfeit sales, plus triple and punitive damages.
Forbes magazine on Nov. 4 quoted Ma, worth about $23.4 billion, as saying: "I would (rather) lose the case, lose the money" than settle. "But we would gain our dignity and respect."
That prompted the Kering brands to withdraw from mediation, believing Ma's comment made it a "futile exercise."
But the judge on Monday urged them to reconsider and urged both sides to tone down their rhetoric. "Needless public comments can undermine talks," he wrote. "Yet public positions and positions in confidential talks have been known to vary."
In his letter, Weigel, a partner at Gibson, Dunn & Crutcher, said "we are hopeful that is the case here," and that the Kering brands will "proceed in good faith" to mediation.
Weigel also called the matter a "test case" that could change the behavior of Hangzhou, China-based Alibaba(BABA) toward "tens of thousands" of sellers of alleged knockoffs on its platforms.
Bruce Rich, a partner at Weil, Gotshal & Manges representing Alibaba(BABA), declined to comment.
Sentiment: Strong Buy
HONG KONG (Standard & Poor's) Nov. 12, 2015--China's e-commerce giant, Alibaba
Group Holding Ltd.(BABA) (A+/Stable/--; cnAAA/--), is in a solid position to drive
revenue and profitability growth. The company smashed global sales records at
yesterday's 11.11 Global Shopping Festival, where about a third of the buyers
bought international products. Alibaba(BABA) also continues to benefit from strong
online user traffic. But competition is growing.
"Alibaba(BABA) appears to be successfully transitioning into a mobile platform, and
we believe it is in a firm position to grow its cross-border e-commerce," said
Standard & Poor's credit analyst Tony Tang. "The company offers international
products from more than 40 countries on its Tmall Global platform to domestic
customers, and this could be the major growth driver for its future earnings."
On Nov. 11, 2015, Alibaba(BABA) announced that the total gross merchandise value
(GMV) at yesterday's shopping festival increased to US$14.3 billion from
US$9.3 billion on the same day in 2014. Mobile GMV as of percentage of total
GMV reached 68.7%. We estimate that Alibaba(BABA) generated about Chinese renminbi
(RMB) 2.4 billion (about US$370 million) revenue at the event. We also
forecast that the company's blended and mobile monetization rate could reach
above 2.60% in the last quarter of 2015.
In our view, Alibaba(BABA) will continue to grow its mobile traffic as it
transitions into a mobile platform marketplace from a PC-based platform. The
company's mobile monetization rate has increased to 2.39% as of Sept. 30,
2015, from 1.87% on Sept. 30, 2014. Mobile account
By Tariro Mzezewa
NEW YORK, Nov 11 (Reuters) - Chinese stocks that trade on U.S.-listed exchanges were mostly lower on Wednesday, even as investors expect indexer MSCI to add some well-known company stocks to its emerging market indexes.
Weak earnings, falling oil prices, and cautious comments from Alibaba Group(BABA) CEO Jack Ma caused China-based company shares to weaken a bit. Alibaba(BABA), one of the largest U.S.-listed Chinese companies, lost 1.8 percent.
Indexes tracking overseas-listed shares, known as American Depository Receipts (ADR), were lower. The Bank of New York Mellon index of Chinese ADRs dropped 0.34 percent and the ARCA China Index fell 0.5 percent, led by a 2.8 percent drop in CNOOC LTD.(CEO)
Index provider MSCI will announce on Thursday that it will add foreign-listed Chinese shares to one of its emerging market indexes beginning on Dec. 1.
Chinese shares have been on a wild ride throughout 2015. After heavy selling of Chinese stocks through the summer, major Chinese indexes have rebounded, with the Shanghai Shenzhen CSI300 index and the Shanghai Composite Index reaching near two-month highs in early November.
In recent days, shares have weakened, but some analysts expect key shares to do better once MSCI adds popular names in its emerging-markets indexes. Lack of transparency has kept so-called China "A" shares, which trade in mainland China, from MSCI's major world indexes.
"U.S. listed Chinese companies are mostly Internet companies and they are in the consumer sector, so we'll see them benefit from the inclusion by MSCI, because the sector is positive in the near-to-medium term," said Jun Zhu, co-portfolio manager for L
"Today's data suggest that, despite all the doom and gloom, economic conditions continue to remain broadly stable," said Julian Evans-Pritchard of Capital Economics in a report.
"We expect further improvements in the data over the coming quarters which ought to quash any lingering concerns that China may be about to enter a deeper downturn."
just need to let this settle out.. they has been a lot of players trying to take down this stock..they all have their agendas..I think this will all work out favorably.....
Sentiment: Strong Buy
Alibaba Group Holding Ltd. (BABA) shares slid Friday after CNBC reported that famed short-seller Jim Chanos named the Chinese e-commerce company as a possible short at a conference. Yahoo Inc.(YHOO) , which owns 384 million shares of Alibaba(BABA), also fell in tandem. CNBC did not make it clear which conference Chanos was speaking at. Chanos of Kynikos Associates has been bearish on China for years and recently warned that the country can be the next Greece. Shares of Alibaba(BABA) are off 3.8% to $82.13 and Yahoo(YHOO) shares skidded 3.1%.
Sentiment: Strong Buy
they sold 14 million BRX privately the other day....need some big deals for a good year end payout....
Sentiment: Strong Buy
BX has a very good Head Shoulder reversal pattern...good base pattern and of course patterns can fail, etc.. been a volatile stock with big trading moves.. needs to break above the 35.50 or so area to confirm...so not close right now and you have seen the big one day swings in this stock...Would expect some great news to get it going.. And BX has said many times they dont want to buy back stock...
Sentiment: Strong Buy