The story of September was the ever stronger U.S. dollar. The entire third quarter was one long U.S. dollar rally and the U.S. Dollar Index has posted its longest weekly […]
A Seeking Alpha Contribution
Multi-asset ETFs offer investors diversification within a single ETF. Stocks, bonds, preferred stock, REITs, MLPs and commodities are some of the assets that can be found in a multi-asset fund. These funds are attractive to investors due to the promise of diversification and sometimes high yields, but investors need to dig into the details to figure out how the fund is constructed.
First Trust Strategic Income ETF (NASDAQ:FDIV) is the latest of the multi-asset ETFs, launched on August 13, 2014. It is an actively managed multi-asset ETF.
FDIV is an actively managed ETF. The First Trust Investment Committee determines the allocation between the various asset classes, and then sub-advisers select the investments for each class. The Investment Committee considers factors such as momentum, fundamental value, an economic outlook and other factors in determining how much to allocate each asset class. Rebalancing is “generally on a quarterly basis.”… To continue reading, please Click Here.
*Please note, this article was written and published as a contribution for Seeking Alpha. To finish reading the article you will be redirected to their site.
For your review are updated performance returns for each of the Model Portfolios. Fidelity Fund Models October 2014 In Excel Format Fidelity Fund Models October 2014 In PDF Format
A Seeking Alpha Contribution
Multi-asset ETFs offer investors diversification within a single ETF. Stocks, bonds, preferred stock, REITs, MLPs and commodities are some of the assets that can be found in a multi-asset fund. These funds are attractive to investors due to the promise of diversification and sometimes high yields, but investors need to dig into the details to figure out how the fund is constructed.
State Street also has an entry in this field, the SPDR Income Allocation ETF (NYSEARCA:INKM). The fund currently has a larger equity tilt than its competitors, save the Guggenheim Multi-Asset Income ETF (NYSEARCA:CVY), and pays dividends quarterly instead of monthly. What really sets the fund apart is its active management…To continue reading, please Click Here.
*Please note, this article was written and published as a contribution for Seeking Alpha. To finish reading the article you will be redirected to their site.
Stocks started off in the wrong direction Monday morning after protests in Hong Kong rattled the financial market. The Hang Seng fell 1.90 percent on Monday. China’s National Day is on Wednesday and that could prompt bigger protest crowds. At least in the near term, these protests could weigh heavily on Hong Kong’s stock market. European shares also opened lower in sympathy with losses from Hong Kong.
The key chart to watch this week may be the U.S. dollar index. The rising greenback has socked commodities and stock markets around the globe. Our domestic market has held up well, but this cannot continue indefinitely if the rising dollar continues to beat up the rest of the globe. A reversal is overdue as the U.S. dollar index has been overbought since mid-August. The dollar index has also moved higher for 11 straight weeks, the best win streak since its inception, 41 years ago. The move last week was an acceleration of the trend, which tends to come before a reversal as well.
Data won’t be heavy this week, but investors will focus on the manufacturing PMI numbers from around the globe, with the U.S., Europe and China drawing the most attention. Aside from those numbers, the unemployment rate for September is the other big domestic item. From China, there will be preliminary September home price data from private firms out this week. This will be an important data point for commodities such as copper and iron ore.
We are in a lull period before the third quarter earnings season kicks off. Walgreens (WAG) headlines the earnings reports this week along with Constellation Brands (STZ).
