Here are some notable ETFs worth taking a look at for Friday,
October 18, 2013.
WisdomTree Germany Hedged Equity ETF (
The latest equity ETF to jump into the foreign currency-hedged
arena began trading yesterday. The ETF with the most successful
in the niche sector has been the WisdomTree Japan Hedged Equity
) with $10.9 billion in assets.
The question is whether investors are seeking an ETF with
exposure to the German stock market while going short the euro.
The db X-trackers MSCI Germany Hedged Equity ETF (NYSE:
) has been around since
and has only accumulated $9.5 million in assets.
Market Vectors Gold Miners ETF (NYSE:
A 5.2 percent surge yesterday was the result of gold gaining
$40/ounce after the debt deal was announced. Contrary to what
many believed, the deal was actually positive for gold because
all the politicians in DC did was kick the can down the alley
More importantly it handcuffs the Fed until a long-term deal
is agreed upon and we all know that will not take place before
the first week of February. There is also speculation that GDX
was the recipient of short covering considering the ETF was down
50 percent heading into yesterday.
SPDR High Yield Bond ETF (NYSE:
For the same reason gold increase, Treasuries also caught a
bid yesterday as investors bet the Fed will not begin to taper
anytime in the near future. The yield on the 10-year Treasury
fell to 2.58 percent, the lowest close in two months.
The junk bonds are again moving higher with JNK gaining 0.5
percent yesterday and closing at the best level in nearly three
months. If the Fed sits on its hand for a few months and stocks
move higher, the winner in the bond market will be the high yield
corporate bonds and JNK. The yield on JNK is an attractive 5.5
First Trust Dow Jones Internet Index ETF (NYSE:
One of the few losers yesterday should regain its mojo after
its top holding blew earnings estimates out of the water last
night. Google (NASDAQ:
) saws its third quarter earnings increase by 36 percent, besting
what the street was looking for and the stock immediately jumped
$63/share to a new all-time high.
The stock makes up 10 percent of FDN and should be enough to
boost its peers and the ETF. A close above $54.78 would be a
breakout to a new high and the resistance level to watch for the
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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