Got a case of TMI (Too Much Information)? ETF Trends takes a condensed look at latest happenings…
The Day’s Hot News In Equity ETFs
Markets saw what appeared to be a rotation in U.S. equities and fixed income names.
Both SPDR S&P Dividend (NYSEArca: SDY) and iShares Russell 2000 ETF (NYSEArca: IWM) had large sells. This may have been paired with buyers of iShares Barclays TIPS Bond Fund ETF (NYSEArca: TIP) and Vanguard Intermediate Term Corp Bond (NasdaqGM: VCIT), iShares Russell 1000 Value (NYSEArca: IWD) and iShares Russell 100 Growth (NYSEArca: IWF).
PowerShares High Yield Equity Dividend Achievers (NYSEArca: PEY) had a block buyer today, trading 4x ADV.
In internationals, PowerShares Europe Currency Hedged Low Volatility (NYSEArca: FXEU) has seen some big volumes recently in what look to be inflows.
The fund screens the 80 least volatile Eurozone stocks, while hedging the currency of the euro to the US dollar. This has become a popular product since its inception, with volatile European equities and an expense ratio that competes even with vanilla euro exposure products.
iShares MSCI EAFE Growth (NYSEArca: EFG) looked to have a block seller this morning; trading 5x ADV. iShares International Developed Real Estate (Nasdaq: IFGL) and iShares Mortgage Real Estate (NYSEArca: REM) both looked to have steady buyers today. A derivatively priced print in Vanguard Large Cap (NYSEArca: VV) had volumes over 22x ADV.
Millennial Themed ETF Launched
The first millennial themed ETF launched today on Nasdaq: Global X Millennials Thematic ETF (MILN).
The fund takes a new approach to track key demographic and consumer behavior trends of the millennial population.[related_stories]
To be specific – the Millennial generation refers to the demographic cohort in the US with birth years ranging from 1980 to 2000.
The index identifies eight key spending categories (Clothing, apparel, health, fitness etc.) and allocates the companies based on their exposure. Top weightings at inception lean towards Internet Software and Services, Internet Retail, Residential REITs, and Restaurants.
Turkey ETF Pops As PM Resigns
National holidays in Japan, South Korea, Indonesia, and a few Nordic European countries led to light volume overseas on Thursday.