Skip to main content

Profit-prone Asian SPDERS

Our ETF of the day is the SPDR S&P China ETF Fund, (NYSE Arca: GXC) This ETF trades on the New York Stock Exchange and is currently trading at $67.62. The Pacific/Asia (excluding Japan) market may still hold promise as a great place to invest, while the US markets continue to recover. This exchange-traded fund excludes investments in Japan which I believe gives the fund a slight performance advantage. The fund's total return since inception is 9.27%, and it's one year market return, as of 1/31/2010 is 66.43%. The fund is a little pricey, but I think it's worth a look and a possible investment.

Email us with the fund's symbol for more information on how this fund can make you money. Also, with tax season here, take advantage or our low fee Roth IRA and reduce your tax liabilities for 2009. Learn about the tax advantages of a Roth IRA, combined with our set-it and leave-it portfolio service which automatically adjusts your investments based on an asset allocation model that you select. Invest in target date funds, stocks, mutual funds and ETFs- Traditional IRAs are also available. Email us for more info.
 
By Rick Walter

Comments

Popular posts from this blog

ETF update

I have been tracking exchange-traded fund indexes of oil and gas, banking, health and pharma, real estate and commodities but none of these indexes are budging from their lows. Maybe, I am looking at this in the wrong way. A few points here, a few points there- nothing major; The only investors that are possibly making money are the short sellers. If you are good at short selling then this is the market for you. Lets take a look at a good short fund.

ETFs -More training and education

By Rick Walter ETF Training & presentation, education and more... There is so much out there. I went to the iShares website and found a series of educational tools, webinars, web casts , tutorials and presentations that may help a beginner and even experienced investors. I was impressed with the tutorials, but I still think that the financial buzzwords in the presentations may be a bit too complex for beginners. However, the site overall presentation and content is very good! What about taxes? By trade I am a tax professional; I believe that all investments should be analyzed first from a tax position, before an investment decision is made. ETFs are labeled as very tax efficient vehicles. Here is a good article, in my opinion, that explains the tax efficiency issue very well for ETFs. Check our external link section for links to websites that I believe provide top notch information on ETFs, including sponsors, distributors and advisers. I will be adding to the list daily. If th...

UCS end-of-week trading update

UCS end-of-week trading update : A-h-h, the joys of being patient. Trading activity was listless, most of the day. Around 2:00 pm, I thought traders had packed it in already and had decided to call it a week. Then all of a sudden BAM! UAW Members Approve GM Pact , the DOW turned positive, activity picked up, and the scramble was on to adjust positions before the end of the day. The ProShares Technology Fund picked up steam like a ferry headed to the Bahamas for the weekend, closing north of $29.00 with the last trade at $29.55. The fund's share volume increased from 179,00 shares to 312,400 shares, which is not the above average volume I was looking for but good enough to make this a positive week after days of listless trading activity. Next week, I am hoping that the fund can crack the $30 range barrier- we will see. Otherwise, have a great weekend folks. 05/29/09 05:26:38 PM If you are interested in trading this fund, would like a prospectus or have a question concerning this f...