|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||27.6946 - 27.7200|
|52 Week Range||27.1500 - 27.8500|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
While small-cap stocks, such as CPI Computer Peripherals International (ATSE:CPI) with its market cap of €2.48M, are popular for their explosive growth, investors should also be aware of their balanceRead More...
In the search for the best ETFs for retirement, I discovered what I first thought were really bizarre exchange-traded funds that seemed to make little sense for any portfolio. The problem was this was before I came to understand how important non-correlated investments are to any long-term diversified portfolio. Non-correlated investments are essential to your portfolio because they tamp down volatility, and therefore risk, in your portfolio.
Personal consumption expenditure (or PCE), as defined by the Bureau of Economic Analysis (or BEA), is the value of goods and services purchased by, or on the behalf of, people who reside in the United States. PCE inflation (CPI) is the preferred tool of the US Fed when assessing the price levels in the economy, as it reflects the actual increase in prices for consumers. Increasing inflation (VTIP) could give the US Fed enough confidence to continue to increase the Fed funds rate.
When CPI Computer Peripherals International (ATSE:CPI) announced its most recent earnings (30 June 2017), I compared it against two factor: its historical earnings track record, and the performance of itsRead More...
The FOMC (Federal Open Market Committee), as part of its statutory mandate, seeks to foster maximum employment and stable prices (TIP). The efforts of the Fed with its accommodative monetary policy and excessive money printing helped bring back unemployment below the target rate of 4.5%. Over the last 12 months, unemployment levels have fallen to a 17-year low of 4.1%.
The FOMC’s (Federal Open Market Committee) March statement was released on Wednesday, March 21, 2018, and the outlook for the closely watched inflation remained muted. The statement indicated that on a 12-month basis, both inflation (CPI) and core inflation (which excludes food and energy) have continued to be below the 2% target rate. The summary of economic projections released along with the FOMC statement indicated minimal changes to the inflation growth outlook.
CPI Computer Peripherals International (ATSE:CPI) delivered a less impressive 1.07% ROE over the past year, compared to the 11.19% return generated by its industry. Though CPI’s recent performance is underwhelming,Read More...
South Africa's rand surrendered some gains on Friday but remained near its three-year best ahead of Cyril Ramaphosa's maiden state of the nation address after he was sworn in as the country's president. Other South African assets continued to rally, with bond yields on the benchmark at their lowest since December 2015, while five-year credit default swaps (CDS) fell 3 basis points (bps) from Thursday's close. On Wednesday Jacob Zuma resigned as president after of weeks of pressure, ending a nine-year tenure punctuated by scandals, stagnant economic growth and policy uncertainty.
South African bank Capitec said on Monday it had no need to adjust its loan book after facing further criticism from U.S. firm Viceroy Research about its financial reporting. Capitec last week dismissed ...
South Africa's government has asked the financial services regulator to consider launching a market abuse probe into Viceroy Research after its report on Capitec sparked a sell-off in the stock, it said on Thursday. The National Treasury also asked the Financial Services Board (FSB) to alert relevant overseas regulators, including in the United States and Britain, to consider whether the U.S. research firm was regulated appropriately, it said in a statement. Viceroy Research criticised lending practices at the bank on Tuesday, saying it understated defaults, triggering a brief slump of 25 percent in its shares.
South African lender Capitec Bank Holdings dismissed Benguela Global Fund Managers' letter on Thursday, which had raised concerns about the lender's business practices. Benguela wrote to Capitec last month, ...
Capitec said its credit rating by S&P Global Ratings had not been affected by a report from Viceroy Research accusing the South African lender of overstating its income and assets. "To date, the bank has experienced only mild funding outflows and its liquidity remains sound," Capitec said in a statement on Thursday, quoting the ratings firm's bulletin. S&P has rated Capitec BB/B with a stable outlook, which falls within the speculative range.
Did US Consumers Increase Spending in 2017? Personal consumption expenditures (or PCE), as defined by the Bureau of Economic Analysis (or BEA), is the value of the goods and services purchased by, or on the behalf of, people who reside in the United States. The US Fed considers the PCE inflation rate when making monetary policy decisions, as the PCE inflation (CPI) reflects the actual increase in prices for consumers.
Did US Consumers Increase Spending in 2017? The Bureau of Economic Analysis (or BEA), which is a part of the US Department of Commerce, releases a monthly report on personal income, disposable personal income, and the personal consumption expenditures of US consumers. 2017 has been a strong year for consumers helped by a tightening labor market, which led to an increase in salaries in the private sector.
Shares in Capitec Holdings dropped as much as 25 percent after U.S. firm Viceroy Research said the South African lender overstates its financial assets and income, claims which the bank rejected. Viceroy Research shot to prominence in South Africa in December when it published a report questioning the finances at Steinhoff, owner of more than 40 retail brands globally. Steinhoff has admitted "accounting irregularities", triggering an 85 percent share slide.
RYE BROOK, N.Y., Dec. 13, 2017 /PRNewswire/ -- IndexIQ, a New York Life Investments company, and a leading provider of innovative ETF solutions, today announced the launch of the IQ Chaikin U.S. Large Cap ETF (NASDAQ: CLRG). CLRG is the second ETF brought to market by the IndexIQ team designed to leverage the Chaikin Power Gauge® (CPG), a proprietary quantitative stock rating model developed by Marc Chaikin, an investment strategist with 50 years of market experience. CLRG is designed to track the price and yield performance of the NASDAQ Chaikin Power U.S. Large Cap Index (the Index), which is made up of approximately 45-65 large cap domestic equities that have been identified by the Chaikin Power Gauge as being likely to outperform the market, with the overall resulting portfolio having the potential to outperform both market-weighted and active strategies.
The increase in price pressure, although reassuring for the Fed, might not lead to a higher rate of inflation in the short term.
First-of-its-kind ETF brought liquid alternatives to the mainstream RYE BROOK, N.Y. , Oct. 23, 2017 /PRNewswire/ -- IndexIQ is waiving a portion of the management fee for its $1 billion IQ Hedge Multi-Strategy ...
RYE BROOK, N.Y., Oct. 18, 2017 /PRNewswire/ -- IndexIQ, a leading provider of innovative investment solutions, today announced the launch of the IQ MacKay Shields Municipal Intermediate ETF (MMIT) and the IQ MacKay Shields Municipal Insured ETF (MMIN), the latest additions to the firm's fast-growing suite of fixed income ETF offerings. Both funds are actively managed by subadvisor MacKay Municipal Managers™ of MacKay Shields LLC, an award-winning investment team led by co-CIOs John Loffredo and Robert DiMella who collectively have over 50 years of investment experience and have managed municipal strategies together for over 20 years.
The consumer price inflation (CPI) data reported on Thursday indicated an increase of 0.4% in August. The year-over-year rate improved from 1.7% to 1.9% for August.
In the last few months, the performance of the US economy has been impressive. The unemployment rate fell to 4.3% in August.
A budget bank is booming in South Africa's economic slump, challenging the decades-long dominance of the "big four" lenders and prompting a price war that is driving down banking costs in a country where many people can't afford an account. Capitec Bank has doubled its customer numbers over the past five years and quadrupled in market value, even as South Africa's economic growth has stalled and the country has slid into recession, squeezing household incomes. It offers a single "no-frills" bank account with low fees, as well as unsecured loans to customers including low-income borrowers, but steers clear of the more complex financial products offered by rivals.
IndexIQ has changed the expense ratios for nearly half of its ETFs, penciling in not just a number of fee cuts but also fee increases in a lineup that includes its most popular strategy, the $1 billion IQ Hedge Multi-Strategy Tracker ETF (QAI).
RYE BROOK, N.Y., July 12, 2017 /PRNewswire/ -- IndexIQ, a leading provider of innovative investment solutions, today announced that it is lowering the total expense ratio (TER) for its suite of 50 percent currency hedged international equity ETFs, as of July 12, 2017. "HFXI and the other funds in this product suite have performed exactly as designed since we launched them in July of 2015, even as Brexit, the results of the U.S. election, and a push for a weaker dollar have whipsawed the currency market in different and frequently counterintuitive ways," added Bruno.
South Africa's rand weakened on Monday after President Jacob Zuma defeated over the weekend another call from inside the ruling party for him to step down, while stocks closed flat, hampered by the banking sector. At 1710 GMT the rand weakened 0.76 percent to 12.9675 per dollar, erasing most of the gains in made in the previous session as investors bet on strong opposition to Zuma continued leadership of the African National Congress and the country. Zuma is facing mounting pressure against him from ANC members, opposition parties and civil society since he axed respected finance minister Pravin Gordhan in March, triggering credit rating downgrades.