Daily outlook for crude #oil, #gold and base #metals prices

Quotes from Commerzbank Corporates & Markets:

-Oil prices gained noticeable ground on Friday and are largely defending their gains as the new week begins. Brent is trading at $103 per barrel and WTI just below $96 per barrel. As the CFTC data published on Friday revealed, financial investors have more or less stopped withdrawing from crude oil. After falling sharply three weeks in a row, speculative net long positions in WTI declined only slightly in the week to 26 August and still find themselves at their lowest level since May 2013.

-The abating selling pressure on the part of financial investors is likely to have lent support to the price recovery recently. The ICE will be publishing the corresponding positioning data for Brent at lunchtime today. The ample supply situation is precluding any significant rise in prices. Libya for example has been able to scale up its oil production to 700,000 barrels per day of late, according to the National Oil Corporation (NOC).

-As compared with the lows it recorded in May, Libyan oil production has thus grown by more than 500,000 barrels per day. The additional supply from Libya is compounding the oversupply on the European market because the other OPEC producers are not scaling back their supply accordingly.

-This is also shown by a recent Bloomberg survey of OPEC production in August, which is supposed to have risen by almost 900,000 to 31.033 million barrels per day – the highest level for a year. Nigeria, which has increased its production by 380,000 barrels per day, made the biggest contribution to this. Higher supply was also reported for Saudi Arabia, Angola, Libya and Iraq.

 

-At just shy of $1,290 per troy ounce, the gold price is still trading well below the $1,300 mark. The price continues to face headwind from speculative financial investors, who reduced their net long positions by 21% to 81,200 contracts in the week to 26 August.

-This was already the second consecutive weekly decline again, putting net long positions at their lowest level since mid-June.

-Until the headwind from this side abates, the gold price will probably not manage to regain any noticeable ground, especially since ETF investors are continuing to exercise restraint. The still firm US dollar likewise argues against a significantly higher gold price.

-This week the market will be focusing on the ECB meeting, at which ECB President Draghi may announce an ABS purchasing programme as an interim step towards broad-based bond purchases (“QE”).

 

-Metal prices look amazingly robust as the new week gets underway, no doubt finding support from firm Asian equity markets despite somewhat weaker economic data having been published once again from China. The official Purchasing Managers’ Index for the manufacturing sector, for example, fell noticeably to 51.1 in August, its first decline in six months. HSBC’s PMI was also revised slightly down.

-Both point to a fairly sluggish Chinese economy in the third quarter. Evidently, the market is pinning its hopes on the government implementing stimulus measures in the near future. Unless the economy gathers pace significantly in the remainder of the year, this could be reflected in cooling demand for metals, which would then doubtless preclude any marked rise in prices.

-According to the latest CFTC figures, speculative financial investors more than doubled their net long positions in copper on the COMEX in New York in the week to 26 August to 17,300 contracts, albeit from a low level. This was largely due to the covering of short positions.

-The increase in the price of copper observed during the period under review was therefore driven at least in part by speculation and could thus turn out not to be sustainable. The LME will be publishing new positioning data tomorrow. Today is a public holiday in the US, meaning that the trading volumes on the markets are likely to be considerably lower.

Source: FxWire Pro

Websim Focus sui #Mercati #Finanziari 01/09/2014 – WS

Asia. La settimana si apre bene per le Borse cinesi, malgrado i segnali di rallentamento dell’economia arrivati nel corso della notte. Hong Kong +0,4%, Shanghai + 0,8%. Tokio +0,3%, Corea del Sud piatta, India +0,7%.

La flessione a 51,1 dell’indice dei direttori degli acquisti calcolato dall’Ufficio Centrale di Statistica di Pechino per il mese di agosto fa crescere le aspettative di un intervento di stimolo da parte del governo.

Oggi Wall Street è chiusa per festività.

I future sulle borse europee anticipano un avvio in rialzo dello 0,3%. Il Pil della Germania nel secondo trimestre è cresciuto dello 0,8% anno su anno, in linea con le attese.

Ucraina. Situazione in ulteriore peggioramento. L’Europa di prepara a imporre nuove sanzioni alla Russia per il sostegno che sta fornendo ai ribelli del Donetks. Vladimir Putin ha affermato che le trattative di pace devono coinvolgere anche l’autoproclamato governo delle aree separatiste.

Analisi tecnica borse. Il mese di agosto ha confermato il quadro solido delle borse con una importante distinzione da sottolineare: le piazze europee hanno sofferto le tensioni in Ucraina e soprattutto un quadro macro debole, mentre i mercati emergenti sono tornati a correre. Il tutto si riassume con i seguenti risultati: Piazza Affari ha perso lo 0,6%, mettendo a segno il quarto mese consecutivo negativo, Francoforte ha segnato un +0,7%. Toniche Brasile (+9,8%) e India (+2,9%, oggi nuovo record storico) che restano i nostri listini preferiti tra gli emergenti. Venerdì l’S&P500 ha chiuso sul nuovo record guadagnando il 3,8% nell’arco del mese.

S&P500 (2.003, +0,33%). Prima conferma della rottura di area 2mila punti che fa scattare nuovi acquisti sulla forza. Target 2.100, stop loss 1.950.

Brasile (Bovespa 61.288). Dieci rialzi in dodici sedute. Il completamento di un modello di doppio minimo grazie al superamento di area 58mila ha fatto scattare nuovi segnali di forza che hanno un primo target a 63/64mila, ormai prossimo.

India (Sensex 26.814, +0,7%). Ha messo a segno sette mesi consecutivi positivi portandosi sul nuovo massimo storico. Da inizio anno +36%. Target 29mila. Stop loss sotto 21mila.

FtseMib (20.450). Mese piuttosto burrascoso, ma alla fine il bilancio è un modesto -0,6%. Al momento restano confermati i primi segnali di distensione visti con lo sfondamento di area 20mila. Solo sopra 20.500 si tornerebbe a puntare a un ritorno versi i top dell’anno a 22.500 punti.

Variabili macro.

Petrolio. Secondo mese di discesa (circa -2,5%) anche grazie al recupero del dollaro: oggi Brent 103,2 dollari, Wti 95,8 usd. Trend privo di direzionalità. Stiamo fuori.

Oro. Agosto si è chiuso con un modesto +0,4%. Oggi invariato a 1.288 dollari l’oncia. Quadro di fondo debole.

Forex. Euro/Dollaro (1,3124). Nuovo minimo da settembre 2013. I robusti dati macro Usa e di riflesso quelli deprimenti dell’eurozona continuano ad attirare acquisti di dollari. Agosto si è chiuso con una rivalutazione dell’1,9% che si aggiunge al +2,2% di luglio. Sfondato l’importante supporto a quota 1,33, il trend si proietta verso il successivo obiettivo tra 1,30/1,27. Confermiamo il suggerimento di acquistare dollari in ottica di diversificazione, possibilmente sfruttando i rari rimbalzi.

Bond periferici. Il “giallo” sui contenuti della telefonata tra Angela Merkel e Draghi (la Bce ha confermato che c’è stata ma non ne ha chiarito i contenuti e ci mancherebbe altro!) al momento non sta avendo contraccolpi. Il rendimento del Btp a 10 anni apre invariato al 2,43%, lo spread a 154 punti base. Crediamo che lo scenario resti favorevole ai titoli di Stato periferici. Per nuovi acquisti è preferibile attendere che qualche grosso investitore decida di realizzare gli enormi profitti accumulati: puntiamo a un target finale di spread a 100 punti base e a un rendimento tra il 2,3/2,2%.

http://www.websim.it

Quartz Daily Brief—#Putin provokes, Pakistan crisis deepens, Muji heads to #India, skipping brunch

Quartz - qz.com
Good morning, Quartz readers!

What to watch for today

Putin picks at the wound. Expect a response after the Russian president called for talks on “statehood” for the eastern part of Ukraine. He also said the country should negotiate directly with pro-Russian rebels. Meanwhile, Ukraine’s prime minister Arseny Yatsenyuk said he would ask parliament to give up the country’s nonaligned status in order to seek membership with NATO.

German and Brazilian economic data arrive. Monday brings the final estimate of Germany’s quarterly GDP figures, ahead of a European Central Bank meeting this week and signs of deflation. And the latest Brazilian import and export reports will be released, days after it was confirmed Brazil is in recession.

Britain acts on homegrown jihadists. The UK is planning to announce measures to block British citizens fighting in Syria and Iraq from returning home, though they could keep their passports. More than 500 British fighters are estimated to be involved. One of three militants dubbed “the Beatles” is suspected of killing journalist James Foley.

Small islands, unite! The third United Nations Conference on Small Island Developing States begins in Apia, Samoa. Some 41 island nations will discuss sustainable development.

Pakistan’s political crisis deepens. Protestors tried to storm prime minister Nawaz Sharif’s home over the weekend, at least three people were killed, and 200 were injured as police fought the crowd with teargas and rubber bullets. Pakistan’s army said that they would not step in and that a political solution was necessary.

Over the weekend

No universal suffrage in Hong Kong. China has told Hong Kong its next leader will be selected via an election committee in 2017—dashing the aspirations of pro-democracy activists. On Sunday, Macau re-elected its chief executive similarly, in a vote where Fernando Chui was the only candidate. The process took 25 minutes. The Hong Kong decision raised a red flag for how Beijing might treat Taiwan.

You’re next, Saudi king warned the West. Jihadist attacks “will reach Europe in a month and America in another month” unless world leaders halt the ISIL, said Saudi Arabia’s King Abdullah. His words echo John Kerry’s call for a global military effort to confront the brutal militants who are sweeping through Iraq and Syria.

Modi began his Japan visit. The Indian prime minister arrived in Japan for a five-day visit on Saturday.  Japanese prime minister Shinzo Abe plans to double Japan’s $2 billion investment in India in five years, and the two are expected to discuss a nuclear pact as well as a defense agreement. Muji will be Japan’s first retailer to enter the Indian market, the Nikkei business daily reports.

A new iPayments system? Maybe Apple and leading payment networks can do what Google hasn’t yet, and make consumers love the mobile wallet. Bloomberg reports that Apple will partner with Visa, AmEx and Mastercard in a new payment product that will be unveiled on Sept. 9, when the iPhone 6 is expected to debut.

Samsung will get bigger. South Korea’s giant conglomerate announced that Samsung Heavy, the group’s shipbuilding division, and Samsung Engineering, which includes refineries and industrial plants, would merge in December. The news caused shares for both to jump. The deal’s estimated value is $2.5 billion.

As Time Warner gives up on Vice, A&E enters the fray. Walt Disney and Hearst’s jointly-owned A&E Networks cable television group is nearing a deal (paywall) to buy 10% of Vice Media, the Financial Times reported. This comes hours after a New York Times report that Time Warner ended months of negotiations to acquire a stake in fast-growing Vice.

China’s economy slowed. The manufacturing purchasing managers’ index fell in August, coming in at 51.1, according to the National Bureau of Statistics, which is lower than a Bloomberg estimate of 51.2. The weak expansion suggests that economic momentum has dropped for the world’s second-largest economy

Quartz obsession interlude

Svati Kirsten Narula on how Americans may soon find out that butter is a luxury. “The amount of butter stored in refrigerated warehouses across the US is 42% lower this summer than last, according to the USDA. On Aug. 29, butter futures reached an all-time high of $2.55 per pound on the Chicago Mercantile Exchange.” Read more here.

Matters of debate

Don’t hire people for what they know. Instead, ask if they can learn to do the job.

Your IQ isn’t constant. It changes over time.

Brunch is a waste of time. And the people who brunch are often people who can’t really afford the time or the money.

Burma is carving out geopolitical leverage. In negotiations with China and India, it’s continuing a long-established tradition of balancing great powers.

Surprising discoveries

Spaniards haven’t swapped a lot of pesetas. They’ve kept 1.7 billion euros ($2.2 billion) worth.

Farming consumes 80% of the US’s freshwater. But it doesn’t have to—one urban farming experiment reduces water consumption by 98%.

Burma’s census showed its population at 51 million. That’s nine million less than last time.

Libraries don’t need books anymore. Not paper ones, anyway.

A South Florida condo development was called, ‘ISIS Downtown.’ The name has since been changed to something more benign.

Ikea catalogs mostly feature computer-generated imagery. Three-quarters of catalog objects are fake.

Our best wishes for a productive day. Please send any news, comments, butter stashes, and alternatives to brunch to hi@qz.com. You can follow us on Twitter here for updates throughout the day.

You’re getting the Europe and Africa edition of the Quartz Daily Brief. To change your region, click here. We’d also love it if you shared this email with your friends. They can sign up for free here.

MONETARIO – Cosa succede oggi lunedì 1 settembre 01/09/2014 – RSF

NOMINE UE – Accordo raggiunto al vertice Ue per la presidenza del Consiglio europeo, affidata al polacco Tusk, e per il ruolo di alto rappresentante degli affari esteri, andato all’italiana Mogherini. Ma il puzzle delle nomine europee è ancora da comporre: resta da capire chi ricoprirà la casella degli affari economici e monetari all’esecutivo Ue, per la quale è in corsa Moscovici, che però, secondo alcune ricostruzioni potrebbe essere affiancato il falco Katainen. Altra partita è quelladella presidenza dell’Eurogruppo, alla scadenza del mandato dell’olandese Dijsselbloem. Al momento il nome più quotato sembra essere quello dello spagnolo de Guindos. I leader europei sono inoltre pronti a tenere un summit straordinario a fineottobre, su suggerimento italiano, dedicato a crescita e occupazione, dopo i recenti segnali di indebolimento del quadro macro.

MERKEL/DRAGHI – In vista del meeting Bce di giovedì prossimo ha tenuto banco nel weekend la ricostruzione di DerSpiegel, secondo cui Merkel e Schaeuble avrebbero chiesto chiarimenti a Draghi rispetto al discorso di Jackson Hole, dove il banchiere centrale ha parlato di maggiori margini di manovra per i Paesi che implementano riforme, ventilando nuove misureespansive da parte di Francoforte per contrastare la bassa inflazione. Stando al settimanale tedesco, la leader tedesca non avrebbe gradito lo spostamento dell”enfasi dal rigore finanziario a un maggior stimolo fiscale. Il portavoce del cancelliere ha tuttavia smentito l”utilizzo di toni di rimprovero nei confronti di Draghi.

PMI ZONA EURO – Sul fronte macro, la mattinata sarà dominata dalla pubblicazione dei numeri definitivi delle indagini congiunturali sul manifatturiero relativamente al mese di agosto per tutte le principali economie europee. Per la zona euro è attesa una conferma della lettura preliminare a 50,8, in flessione da 51,8 di luglio. Quanto all’Italia, si prevede un rallentamento dell’indice a 51, da 51,9 di luglio.

MISURE CDM – Venerdì il governo ha dato via libera a una serie di misure, tra cui il pacchetto per lo sblocco degli investimenti nelle opere pubbliche, e quello per la riduzione dei tempi della giustizia civile, che approderà in Parlamento e nelle intenzioni dell’esecutivo diventerà legge entro l’anno.

SECONDARIO – Dopo una settimana positiva, ad eccezione della sensibile correzione vista giovedì scorso, il differenziale di rendimento tra governativi italiani e tedeschi sultratto a 10 anni riparte dai 156 punti base della chiusura di venerdì mentre il tasso del decennale riprende il via dal 2,445% di fine seduta, in un mercato che continua a essere orientato dalle aspettative di nuove misure da parte della Bce.

PMI CINA – Rallenta il ritmo di crescita del manifatturiero cinese ad agosto. L’indagine ufficiale ha messo in evidenza una flessione dell’indice a 51,1 da 51,7, massimo da 27 mesi, appena sotto le attese, che convergevano su una mediana a 51,2. Il sondaggio a cura di Hsbc/Markit, che coinvolge imprese di medie dimensioni, ha mostrato un indice Pmi ufficiale in discesa a 50,2 (50,3 il preliminare) da 51,7 di luglio.

FOREX – Euro debole negli scambi asiatici, dove ha segnato un nuovominimo un anno nei confronti del dollaro, complice il peggioramento della situazione in Ucraina, sebbene la chiusura di Wall Street e il clima di attesa per la riunione del consiglio Bce terranno gli investitori probabilmente alla finestra. La valutaunica è scesa fino a 1,3120 dollari da 1,3140 di fine seduta venerdì <EUR=>, e intorno alle 7,30 viaggia a quota 1,3126 dollari. Euro/yen <EURJPY=> a 136,76 da 136,70; dollaro/yen <JPY=> a 104,18 da 104,05.

GREGGIO – Poco mosse le quotazioni del greggio che restano schiacciate dai dati poco confortanti arrivati dalla Cina. I future sul Brent <LCOc1> scadenza ottobre avanzano di 5 centesimi a a 103,24 dollari/barile <LCoc1>; i derivati del Nymex cedono 13 centesimi a 95,13 dollari ilbarile.

TREASURIES – Chisura poco mossa per i Treasuries Usa, reduci da un rally durato una settimana. Il decennale benchmark ha terminato la seduta di venerdì in rialzo di 2/32, con un rendimento a 2,33%.

DATI MACROECONOMICI ITALIA
Markit/Adaci, Pmi manifatturiero agosto (9,45) – attesa 51,0.

Ministero Trasporti, dati auto agosto (18,00).

Tesoro, atteso fabbisogno statale agosto.

FRANCIA
Markit, Pmi manifatturiero agosto (9,50) – attesa 46,5.

GERMANIA
Dettaglio Pil 2° trimestre (8,00) – attesa -0,2% t/t; 0,8% a/a.

Markit/Bme, Pmi manifatturiero agosto (9,55) – attesa 52,0.

GRAN BRETAGNA
Banca d’Inghilterra pubblica crediti al consumo luglio (10,30) -attesa 0,550 miliardi.

Markit/Cips, Pmi manifatturiero agosto (10,30) – attesa 55,0.

GRECIA
Pmi manifatturiero agosto (9,58).

Stima Pil 2° triemstre (11,00).

IRLANDA
Pmi manifatturiero agosto (7,00).

Sul sito http://www.reuters.it altre notizie Reuters in italiano. Le top news anche su http://www.twitter.com/reuters_italia
SPAGNA
Pmi manifatturiero agosto (9,13) – attesa 53,2.

ZONA EURO
Markit, Pmi manifatturiero finale agosto (10,00) – attesa 50,8.

CINA
Pmi manifatturiero agosto (3,00) – attesa 51,2; Hsbc pubblica Pmimanifatturiero finale agosto (3,45).

ASTE DI TITOLI DI STATO
EUROPA
Francia, Tesoro offre titoli di Stato a breve termine.

BANCHE CENTRALI
EUROPA
Svezia, riunione board esecutivo Riksbank.

APPUNTAMENTI
ITALIA
Roma, Spending review, Cottarelli incontra giornalisti sul taglio delle partecipate locali (15,00).

AGENDA- Appuntamenti di lunedì 1 settembre 01/09/2014 – RSF

APPUNTAMENTI
ITALIA
ROMA
Renzi presenta programma dei millegiorni.

Spending review, Cottarelli incontra cronisti su taglio partecipate locali (15,00).

MILANO
Continua “Festa dell’Unità 2014″; Oggi partecipa Gozi (21,00).

AREZZO
Convegno “Comparazione nazionale e internazionale su prezzi e qualità della vita” con presidente Banca Etruria Lorenzo Rosi (17,45)

L’AQUILA
Eni, presentazione progetto recupero Basilica di Santa Maria di Collemaggio con Cialente, Salvatore Sardo, Angelo Caridi (8,30).

EUROPA
Bruxelles, Ashton incontra ministro iraniano Esteri Zarif su questione nucleare.

Bruxelles, ministro Interni francese Bernarnd Cazeneuve incontracommissario Ue Malmstrom (possibili sviluppi su Frontex Plus).

Bruxelles, conferenza stampa segretario generale Nato Rasmussen.

USA
Festività nazionale, mercati chiusi.

BANCHE CENTRALI
EUROPA
Svezia, riunioneboard esecutivo Riksbank.

TITOLI DI STATO
EUROPA
Francia, Tesoro offre titoli di Stato a breve termine.

Olanda, Tesoro offre Dtc.

DATI MACROECONOMICI
ITALIA
Markit/Adaci, Pmi manifatturiero agosto (9,45).

Ministero Trasporti, dati auto agosto (18,00).

Tesoro, atteso fabbisogno statale agosto.

EUROPA
Francia, Markit pubblica Pmi manifatturiero agosto (9,50).

Germania, dettaglio Pil 2° trimestre (8,00); Markit/Bme pubblica Pmimanifatturiero agosto (9,55).

Gran Bretagna, Banca d’Inghilterra pubblica crediti al consumo luglio (10,30); Markit/Cips pubblica Pmi manifatturiero agosto (10,30).

Grecia, Pmi manifatturiero agosto (9,58); stima Pil 2° triemstre (11,00).

Irlanda, Pmi manifatturiero agosto (7,00).

Spagna, Pmi manifatturiero agosto (9,13).

Zona euro, Markit pubblica Pmi manifatturiero finale agosto (10,00).

ASIA
Cina, Pmi manifatturiero agosto (3,00); Hsbc pubblica Pmi manifatturiero finale agosto (3,45).

SOCIETÀ
ITALIA
Luxottica, Cda su assetto organizzativo e posizione AD Andrea Guerra; segue webcast (19,00).

EUROPA
Renault, vendite auto agosto.

Weekly Energy Stock Channel Newsletter 29/08/2014

Energy Stock Channel
Weekly Newsletter
Weekly DividendRank Energy Toplists & Energy ETF Movers

Energy Prices

Looking at energy prices this week, oil moved higher, with WTI Crude currently at $95.41/barrel, up $2.05 (+2.2%) compared to $93.36 on 08/22, and Brent Crude currently at $102.94/barrel, up $0.74 (+0.7%) from $102.20 on 08/22. And turning to Natural Gas, the current spot price of $4.05/MMBtu, has Natural Gas up $0.21 from $3.84 on 08/22, a week over week gain of +5.5%.

Energy ETF Movers

The PowerShares DWA Energy Momentum Portfolio ETF (PXI) outperformed other Energy ETFs this week, up about 3.7%. Components of that ETF showing particular strength this week include shares of Goodrich Petroleum (GDP), up about 12.6% and shares of Exterran Holdings (EXH), up about 7.5% on the week.And underperforming other Energy ETFs this week is the Guggenheim Solar ETF (TAN), off about 1.1% this week. Among components of that ETF with the weakest showing for the week were shares of Yingli Green Energy (YGE), lower by about 6%, and shares of Trina Solar (TSL), lower by about 5.5% on the week.

Other ETF standouts this week include the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), outperforming this week with a 3% gain. And the PowerShares WilderHill Clean Energy Portfolio (PBW) was an underperformer, falling about 0.4% this week.

DividendRank Energy Toplists

At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Energy Stock Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked energy stocks with our subscribers.

These are the energy stocks our DividendRank system has identified as the top most ”interesting” in the Energy, Utilities, and MLPs categories … this is meant purely as a research tool to generate ideas that merit further research.

Energy

DividendRank Symbol Dividend Recent Yield* 
#1 RIG Q 3.00 7.81% 
#2 ARP M 2.36 11.76% 
#3 LINE M 2.90 9.22% 
#4 ECT Q 1.12 16.98% 
#5 VNR M 2.52 8.67% 
#6 ESV Q 3.00 6.04% 
#7 SFL Q 1.64 8.27% 
#8 HGT M 0.97 9.96% 
#9 SDRL Q 4.00 10.85% 
#10 NKA Q 1.40 9.78% 

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Utilities

DividendRank Symbol Dividend Recent Yield* 
#1 ELP A 0.41 2.33% 
#2 AVA Q 1.27 3.95% 
#3 AT M 0.40 10.31% 
#4 SGU Q 0.35 5.99% 
#5 SPH Q 3.50 7.83% 
#6 APU Q 3.52 7.61% 
#7 TU Q 1.52 4.17% 
#8 PNW Q 2.27 4.02% 
#9 T Q 1.84 5.30% 
#10 EDE Q 1.02 3.98% 

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MLPs

DividendRank Symbol Dividend Recent Yield* 
#1 ARP M 2.36 11.76% 
#2 VNR M 2.52 8.67% 
#3 NKA Q 1.40 9.78% 
#4 EXLP Q 2.17 7.48% 
#5 ETP Q 3.82 6.65% 
#6 LGCY Q 2.44 7.94% 
#7 TLP Q 2.66 5.99% 
#8 EVEP Q 3.09 7.43% 
#9 BPL Q 4.45 5.69% 
#10 KMP Q 5.56 5.85% 


*(updated 11 hours, 13 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

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Weekly #ETF Channel Newsletter 29/08/2014

ETF Channel
Weekly ETF Newsletter
The ETF Week in Review

The SPDR S&P Biotech ETF (XBI) outperformed other ETFs this week, up about 4.9%. Components of that ETF showing particular strength this week include shares of Intermune (ITMN), up about 36.4% and shares of United Therapeutics (UTHR), up about 24% on the week.And underperforming other ETFs this week is the PowerShares Golden Dragon China Portfolio ETF (PGJ), down about 1.9% this week. Among components of that ETF with the weakest showing for the week were shares of Sungy Mobile (GOMO), lower by about 21.8%, and shares of Xueda Education Group (XUE), lower by about 17% on the week.

Other ETF standouts this week include the PowerShares Dynamic Biotechnology & Genome Portfolio (PBE), outperforming this week with a 4.5% gain. And the iShares MSCI Global Metals & Mining Producers ETF (PICK) was an underperformer, falling about 1.8% this week.

This Week’s Top 10 ETFs
Ranked By Weighted Average Broker Rating of Underlying ComponentsEach week, ETF Channel forms this rank by first looking at the analyst opinions from the major brokerage houses (which are tallied and averaged) for each individual component of each ETF. Then, for each ETF, those average broker ratings are considered as a weighted average according to the weighting of each of the ETF’s components — this gives the average broker rating for the entire ETF based upon its holdings. The ETF coverage universe is then ranked to give us the weekly top five ETFs by weighted average broker rating of underlying components. These rankings are meant as a tool for investors to generate ideas for further research.


Rank ETF Stars (out of 4)
#1 YAO – Guggenheim China All-Cap 3.50 
#2 GXC – SPDR S&P China 3.49 
#3 XBI – SPDR S&P Biotech 3.39 
#4 GWL – SPDR S&P World ex-US 3.38 
#5 PNQI – PowerShares NASDAQ Internet 3.38 
#6 CQQQ – Guggenheim China Technology 3.38 
#7 JKE – iShares Morningstar Large-Cap Growth 3.36 
#8 HAO – Guggenheim China Small Cap 3.35 
#9 PWB – PowerShares Dynamic Large Cap Growth 3.34 
#10 SOCL – Social Media Index 3.31 
List of all ranked ETFs »

ETF Channel’s proprietary calculations are based on underlying ETF holdings and Zacks ABR data; powered by Xignite. Not all ETFs are ranked, nor are all underlying holdings. Rankings are for informational purposes only and do not constitute advice. Full disclaimer
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Top Yielding ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 iShares Mortgage Real Estate Capped ETF (REM) Real Estate 1.33B 13.73%  
#2 SPDR S&P International Telecommunications Sector ETF (IST) Technology 41.28M 12.45%  
#3 Mortgage REIT Income ETF (MORT) Income 121.57M 12.21%  
#4 iShares International Developed Real Estate ETF (IFGL) Real Estate 840.56M 11.23%  
#5 PowerShares KBW High Dividend Yield Financial Portfolio (KBWD) Income 268.22M 7.60%  
#6 First Trust Brazil AlphaDEX Fund (FBZ) South America 5.45M 7.34%  
#7 PowerShares CEF Income Composite Portfolio (PCEF) Value 600.71M 7.23%  
#8 SuperIncome Preferred ETF (SPFF) Income 137.73M 7.03%  
#9 BDC Income ETF (BIZD) Income 45.92M 6.69%  
#10 iShares U.S. Preferred Stock ETF (PFF) Income 10.54B 6.68%  

Top Yielding SPDRs ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 SPDR S&P International Telecommunications Sector ETF (IST) Technology 41.28M 12.45%  
#2 SPDR Wells Fargo Preferred Stock ETF (PSK) Income 256.66M 6.15%  
#3 SPDR Barclays High Yield Bond ETF (JNK) Corporate Debt 9.39B 5.77%  
#4 SPDR S&P International Dividend ETF (DWX) Global 1.57B 5.35%  
#5 SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) Corporate Debt 24.48M 5.33%  
#6 SPDR STOXXEurope 50 ETF (FEU) Europe 293.81M 5.27%  
#7 SPDR Barclays Short Term High Yield Bond ETF (SJNK) Corporate Debt 3.96B 5.26%  
#8 SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) Municipal Bonds 287.65M 4.71%  
#9 SPDR Barclays Long Term Corporate Bond ETF (LWC) Blended Debt 177.40M 4.42%  
#10 SPDR Dow Jones International Real Estate ETF (RWX) Real Estate 5.24B 4.32%  

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Top Yielding iShares ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 iShares Mortgage Real Estate Capped ETF (REM) Real Estate 1.33B 13.73%  
#2 iShares Global Telecom ETF (IXP) Technology 478.62M 11.44%  
#3 iShares International Developed Real Estate ETF (IFGL) Real Estate 840.56M 11.23%  
#4 iShares U.S. Preferred Stock ETF (PFF) Income 10.54B 6.68%  
#5 iShares B – Ca Rated Corporate Bond ETF (QLTC) Corporate Debt 21.14M 6.34%  
#6 iShares MSCI United Kingdom ETF (EWU) Europe 4.24B 6.14%  
#7 iShares Currency Hedged MSCI EAFE ETF (HEFA) 2.52M 5.84%  
#8 iShares Morningstar Multi-Asset Income ETF (IYLD) Income 181.38M 5.83%  
#9 iShares Emerging Markets High Yield Bond ETF (EMHY) Emerging Markets 208.59M 5.76%  
#10 iShares iBoxx $ High Yield Corporate Bond ETF (HYG) Corporate Debt 12.65B 5.72%  

Top Yielding PowerShares ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 PowerShares KBW High Dividend Yield Financial Portfolio (KBWD) Income 268.22M 7.60%  
#2 PowerShares CEF Income Composite Portfolio (PCEF) Value 600.71M 7.23%  
#3 PowerShares Preferred Portfolio (PGX) Income 2.26B 6.02%  
#4 PowerShares Financial Preferred Portfolio (PGF) Income 1.41B 5.96%  
#5 PowerShares Build America Bond Portfolio (BAB) Municipal Bonds 691.31M 4.67%  
#6 BLDRS Europe Select ADR Index Fund (ADRU) Europe 18.93M 4.60%  
#7 PowerShares Fundamental Emerging Markets Local Debt Portfolio (PFEM) Emerging Markets 5.44M 4.41%  
#8 PowerShares Emerging Markets Sovereign Debt Portfolio (PCY) Emerging Markets 2.22B 4.35%  
#9 PowerShares KBW Premium Yield Equity REIT Portfolio (KBWY) Real Estate 94.75M 4.35%  
#10 PowerShares Fundamental High Yield Corporate Bond Portfolio (PHB) Corporate Debt 575.21M 4.29%  

Top Yielding Vanguard ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 Vanguard Long-Term Corporate Bond ETF (VCLT) Corporate Debt 185.27M 4.41%  
#2 Vanguard Emerging Markets Government Bond ETF (VWOB) 67.02M 4.41%  
#3 Vanguard Long-Term Bond ETF (BLV) Blended Debt 796.17M 3.93%  
#4 Vanguard Utilities ETF (VPU) Utilities 1.67B 3.52%  
#5 Vanguard Extended Duration Treasury ETF (EDV) Government Debt 243.45M 3.23%  
#6 Vanguard Telecommunication Services ETF (VOX) Technology 746.53M 3.09%  
#7 Vanguard Intermediate-Term Corporate Bond ETF (VCIT) Corporate Debt 618.47M 3.02%  
#8 Vanguard Long-Term Government Bond ETF (VGLT) Government Debt 89.95M 3.01%  
#9 Vanguard High Dividend Yield ETF (VYM) Income 12.57B 2.99%  
#10 Vanguard Consumer Staples ETF (VDC) Consumer 2.08B 2.56%  


*(updated 3 hours, 9 minutes ago) Yield calculations vary and may not be reliable nor comparable; yield may be expressed as SEC 30-day yield, annualized yield based on most recent distribution, trailing twelve month yield, or reported yield. Not all ETFs are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer
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