Tag Archive: Exchange-traded fund


Gold Is Flooding Out Of London To Switzerland At An Alarming Rate

 

 

 

” This is one of those stories about the gold market that almost seems too wild to be true since the numbers are so extraordinary. According to a Reuters article from earlier today, Australian bank Macquarie has reported that gold is flooding out of London and into Switzerland at a mind-boggling rate. Specifically, 240 tons were exported in May alone and 797 tons during the first half of 2013. That means gold is being exported at a annualized run rate of 17x the 92 tons exported for all of 2012. That’s insane.

 

From Reuters:

 
 

Aug 19 (Reuters) – Britain’s gold exports to Switzerland surged in the first half of this year, Australian bank Macquarie said on Monday, suggesting bullion being sold out of exchange-traded funds may be heading for Swiss refineries before being sold on in Asia.

The UK exported 240 tonnes of gold to Switzerland in May alone, while its exports over the first half of this year totalled 797 tonnes, Macquarie said in a note.

In contrast, Britain exported just 92 tonnes of bullion to Switzerland in the whole of last year, it said.

“The UK does not have gold mines, so where has it all come from? The obvious source is the gold exchange-traded funds (ETFs), most of which hold their gold holdings in London vaults, and which saw huge outflows in 1H 2013,” Macquarie said.

It added: “But a bigger factor, we think, is that the gold bars from ETFs have gone to Switzerland, where most of the world’s gold refining capacity is, to be remelted into different size bars and coins and then sold on end consumers, predominantly in Asia, specifically China and India.” “

 

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5 Unknown Dividend-Paying ETFs Yielding 12% Or More

 

 

 

” The stock market volatility of late puts into question how much longer the current uptrend can last. Dividend-paying ETFs can cushion the blow of day-to-day gyrations and offer investors something for sitting on their hands. Here’s a look at five of the fattest-dividend paying ETFs on the market and what’s driving there performance.

With the exception of iShares FTSE NAREIT Mortgage REIT ETF (REM), all of these are very thinly traded, so they’ll likely have wider bid-ask spreads than more liquid ETFs and it may take longer for your brokerage to fill an order.

 

2. iShares MSCI Hong Kong Small Cap (EWHS).

312-month yield: 12.75%.

One-year return: 23.15%.

IBD Relative Strength and Accumulation-Distribution Ratings: 40, B+.

EWHS gapped down $3.79, or 12.75%, on Dec. 18 when it paid out $3.70 a share in income.

EWHS is trading below the 50-day average but above the 200-day line, which means it’s in a weak uptrend. Nearly half of assets are devoted to consumer discretionary companies, a fifth is in financials and one-seventh is in technology. EWHS trades at a slight discount to emerging markets with a price-earnings ratio of 11.89 and price-to-book of 1.03. Emerging markets have a P-E of 12.3 and P-B of 1.58. “

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