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Tag Archives: EMLC

Bonds In Emerging Markets Topped Asset Class Returns Last Week

After meandering for a month, emerging-market bonds came alive in October’s first week of trading. This slice of global fixed-income securities posted the strongest increase last week for the major asset classes, based on a set of exchange traded funds. VanEck Vectors JP Morgan Emerging Market Local Currency Bond (EMLC) surged 1.9% for the trading week ended Friday, Oct. 4. The gain, which lifted the ETF at one point last week to its highest close since August, marks the...

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Deep-Value ETF Report: Biggest Discounts In Commodities, Energy

The evolution of Mr. Market’s discounting machine unfolds at a glacial pace these days. If you surveyed the ETF landscape a year ago, for instance (as The Capital Spectator did here), and compared it with the latest review (as presented below), you’ll find that a familiar cast of characters populate the lowest realms of discounted pricing: commodities and various slices of energy shares. Plus ça change, plus c’est la même chose! The to and fro of value priced assets isn’t...

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Wobbly Economic Outlook Favored Bonds Last Week

Rising worries about the global economy triggered a strong wave of fixed-income buying last week, propelling US bonds to the top of the performance ledger for the major asset classes, based on a set of exchange-traded funds. Vanguard Total Bond Market (BND) surged 1.0% last week. The gain for the trading week ended Aug. 16 marked the ETF’s biggest weekly advance in a decade. Foreign investment-grade bond funds delivered solid advances last week as well. Real estate...

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Foreign Bonds Were Last Week’s Leaders As Commodities Plunged

Bonds in emerging and non-US developed markets topped last week’s performance profile for the major asset classes, based on a set of exchange-traded funds. By contrast, broadly defined commodities tumbled, suffering the deepest weekly setback in nearly two months for the trading week through Friday, July 19. Last week’s best performer for the major asset classes: VanEck Vectors JP Morgan Emerging Market Local Currency Bond (EMLC), which edged up 0.5%. The gain marks EMLC’s...

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Deep-Value ETF Report: The More Things Change…

Searching for value can be a profitable strategy, but patience is usually required, sometimes in industrial-level doses. Consider today’s update of The Capital Spectator’s semi-regular deep-value fishing expedition, as seen through an ETF lens. While there’s no shortage of battered funds to contemplate, that was true in previous updates and the deepest shades of red reflect a list that’s not all that different from recent rankings. Notably, commodities still dominate in the...

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US REITs Led Gains For Major Asset Classes Last Week

Securitized real estate shares in the US led a partial rally in global markets last week. Real estate investment trusts (REITs) posted a fractionally higher return over the second-best performer: bonds in emerging markets. Overall, returns for the trading week ended Friday, June 14, were mixed for the major asset classes, based on a set of exchange-traded funds. Vanguard Real Estate (VNQ) closed at a new record high at last week’s close. Upside momentum has lifted the ETF in...

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Across-The-Board Gains For US Markets Last Week

The major asset classes that track global markets posted mixed results last week, but there was no ambiguity for US assets, which enjoyed across-the-board rallies, based on a set of exchange-traded funds. US-listed real estate investment trusts (REITs) led the way for the trading week ended Friday, April 26 via Vanguard Real Estate (VNQ), which gained 1.5%. The ETF’s rally clawed back a large chunk of the previous week’s hefty loss. US assets overall rallied last week. Indeed, the...

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US REITs Suffer Biggest Weekly Loss So Far In 2019

Real estate investment trusts (REITs) in the US tumbled last week, posting the biggest setback for the major asset classes during the shortened trading week that ended on April 18, based on a set of exchange traded funds. The loss, the deepest for this corner of the market since a plunge late last year, follows a strong upside run for REITs in 2019. Vanguard Real Estate (VNQ) fell 2.9% last week, ending a bullish streak that lifted the ETF in nearly every week of the year. Despite...

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Deep-Value ETF Report: Commodities Remain Deep In The Hole

Poring over ETFs in search of funds that appear to be deeply discounted relative to fair value is a task that continues to reveal a commodities-heavy list. Although valuing commodities is a gray area (primarily because there are no cash flows to analyze), using a proxy for value based on trailing 5-year return points to this asset class in no uncertain terms. Defining deep value via 5-year return is based on a paper by AQR Capital Management’s Cliff Asness and two co-authors:  “Value...

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Commodities Topped Last Week’s Broad-Based Markets Gains

A broad measure of commodities rose last week, posting the strongest increase for the major asset classes, based on a set of exchange traded funds. The rally marks the second straight week with commodities leading markets higher. The iShares S&P GSCI Commodity-Indexed Trust (GSG) rose 0.9% for the trading week ended Apr. 12. The ETF’s advance reflects a sixth straight weekly increase, settling at its highest close since November. Most of the major asset classes rose last week,...

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