ETF PRAYED
20-11-2010 golden marketIn Spain there are commercialized, according to Mornigstar (Investment funds), more than 700 funds that they invest in gold (ETF prayed) and in other precious metals.
His average profitability from January, 2009 until September, 2009 is 39,29 %.
According to Evy Hambro, agent of the fund BGF World Mining of BlackRock, the depreciation of the dollar and the possibility that the inflation shoots the price of the gold - since there are the principal coverage assets against the increase of the prices - are 2 of the factors that justify the pull of the ETF I pray.
Leap 2020
The market of the role - gold, ETF PRAYED:
It sells and they acquire certificates that guarantee the possession of certain quantity of gold, coins or ingots, which the seller promises to deliver physically if the buyer demands it.
The practical aspect of the market of the role - gold (etf I pray) is clear: he avoids the complex problems of transport and of storage for the buyers of important quantities of gold and facilitates this way all the deals that fluidifican this world market.
Nevertheless it imposes an absolute confidence in 2 types of operators of this market:
the sellers and the regulators.
* The sellers of ETF I pray
they must be free of any suspicion and must respect the regulations that they impose on them in general, possess the physical equivalent of 90 % of the quantity of the certificates that they negotiate.
* The regulators of ETF I pray
they must be even more worth of confidence since they are those who must make sure that all the role - gold sellers respect the rules.
19-08-2009 Informedtrades
Six things for golden merchants to be seen
Financial fraud in Comex. Comex recently allowed the golden futures contracts for his resolution, not only with the physical delivery, but with the delivery of actions of golden coins funds negotiated in bag like GLD. CAT tells how the role golden quantity gets conceited, many of which cannot be endorsed by real physical gold. This can result in a split in the market of the gold - the prices of the physical distribution and the prices of the gold of role.
13-07-2009 RSSNews
“The ETF are not endorsed by physical gold”, affirms the prestigious analyst Jim Sinclair
Cardinal Greenlight suspects that some ETF do not have all the gold that they declare. That's why David Einhorn, the director of Cardinal Greenlight, has moved the investments in gold of his fund for 5.000 million dollars from the ETF SPDR Gold Fund towards physical ingots.
Leap 2020
It is true that it is a strong operative restriction, but after the rupture of the international monetary system comes closer this northern summer, we think that a big risk exists for the holders of role - gold that will be completely deprived when the sellers have to admit that they cannot honor his contracts opposite to a too big demand.
Interesting articles if it is still interested in the investment in gold ETF
20-11-2010 finance
Spain: who invests really on the ETFs market?
Between 80-90 % of the investors that, in Spain, they invest in ETFs (quoted funds) they are institutional. This is something normal, bearing in mind, principally, two aspects:
1) That it is a question of a relatively new product on our market and little known by the retailer. The first ETF's listed in bag date of 2006.
2) Institutional Spanish is very used to investing in ETFs in the international bags. In fact, he is one of the most active participants. In the year 2008 it was already occupying the fifth position inside a list of 42 countries.
In whole, there is a ten providers with ETFs registered in Spain (the previous ones there join Credit Suisse AM, EasyETF, HSBC, Marshall Wace y Source Markets).
18-11-2010 the Economist
Deutsche Bank will register a ten ETF in the Spanish bag next week
db-xtrackers, the platform of quoted funds of Deutsche Bank, it has expired with the engaged thing. In June he announced that it would begin listing his ETF on the Spanish market and a ten of them will make debut in the Spanish bag in the middle of the next week. The agent will turn this way into the second signature, after Lyxor, who makes use of the fiscal change approved by the Government that allows the funds quoted under the format of sicavs to quote like the funds quoted in format of ETF and in the third one, after BBVA and Lyxor, which will quote his funds in our country.
04-10-2010 CNNExpansión
Do you want to enter the euphoria of the gold ETFs?
The golden ETF can be an option …; the demand of investment of the 2nd trimester 2010 in the above mentioned qualifications related to the gold raised 414 %.
An increasing number of investors - both individual and institutional - is buying actions of negotiable funds on the market, or ETFs related to the gold.
From his emergence 7 years ago, the market of the ETF of gold has grown to more than 81.000 million dollars. In fact, the demand of investment of the 2nd trimester 2010 raised 414 %, compared to the previous year 2009, according to the World Council of the Gold.
31-08-2010 Bolságora
The fund Gold Share wins close to 40 % in 2010
For that they prefer to invest in traditional funds, thinking more about a long-term strategy, the most profitable product is the Gold Share, which wins in the year close to 40 %. A commission demands for management of 1,5 % and, as his name indicates, invests principally in gold, with exhibition to rest of noble metals. It counts with a portfolio to form in 70 % for Canadian companies as Goldcorp and Osisko Mining Corporation, with an exhibition of more than 7 % in Canada.
12-08-2010 EcoTrader
Just in case the deflation comes, know how he can invest in the metal refuge, the gold
Before the fears of deflation the gold keeps on being one of the excellent refuges. From Bolságora they point that the precious metal, which now is in 1214 dollars for ounce, might resume his upward tendency. A flight towards the gold that also was taking shape of the information that ETF was publishing Securities on the investment funds quoted in these metals. If you want to sign up to the possible revaluation of the gold know that it is provided with some instruments for it.
20-07-2010 Lyxor
Lyxor - 2 new ETFs of prime matters come to the Spanish bag
Today they begin to quote in the Spanish Stock Exchange the first two ETFs on prime matters, expressed by Lyxor Asset Management. With these two new products “Lyxor facilitates to the particular investors the access of a simple and transparent way to a market so complex and till now restricted to the institutional investor, like that of the prime matters”. The new ETFs are the Lyxor ETF Commodities CRB and the Lyxor ETF Commodities CRB Non-Energy. Both expire with the European regulation Ucits III and have a portfolio in which it has very much I weigh the agriculture, the soft prime matters. Also, they invest both in precious and industrial metals, and the Commodities CRB does it also in energy.
The most novel thing is that it is not a question of products of variable revenue. Both answer the evolution of a basket of futures on different prime matters and not the evolution of quoted companies that should have his activity focused on the production or distribution of commodities, with what the high interrelation is avoided with the bag.
30-04-2010 ETF Securities
ETFS in physical gold (PHAU) registered a few earnings for 48 million dollars last week
This situation also allows the gold to be supported in maxima levels in euros and pounds sterling, since the worries on the debt also affect to the euro and to the pound sterling.
02-03-2010 Reuters
HSBC Fund plans Taiwan 312 million dollars in gold and mining actions
The unit of funds of HSBC in Taiwan will throw a new instrument this March, 2010, thinking about how to collect up to 312 million dollars to invest in gold and mining actions for expectations of which the price of the gold will rise more.
HSBC Global Asset Management (Taiwan) points to destine 70 % of the fund HSBC Gold and Mining Equity Fund to qualifications of American and Canadian mine-layers, and 30 % to BHP Billiton and Rio Tinto Plc and other signatures of the sector, pointed out the manager of the fund, Brian Kuo.
“The possibilities that the gold falls down below 1.050 dollars are small, the central banks of India and China will buy more gold this 2010, and the demand of emergent markets even is growing. We will buy actions of these big companies. They are better posicionadas to support his fortitude in the future because smaller rivals can acquire. This is important for the gold and the mining production might diminish possibly.”, made sure Kuo.
Kuo declined to comment on the companies of the United States and Canada which actions would be in the sight.
05-03-2010 five Days
Spain - BME will compete with banks and boxes
The thifty persons will be able to buy in Stock Exchange all kinds of investment funds.
Now, the investors can buy on the markets managed by BME actions, bonds, shares of Sicav, options, futures, warrants and ETF. In the next months, also they will be able to acquire all kinds of investment funds across a platform that will compete straight with banks and boxes. BME hopes that it should be operative after the summer.
18-02-2010 five Days
The golden demand for ETF increased 85 % the year 2009
In a turbulencies stage for almost all the assets, the gold can presume of that it supports the pulse, so much as for prices as global consumption. The golden demand across ETF (quoted funds) and similar assets raised 85 % in 2009, fact that shows the increasing weight of the financial investment. The entire consumption amounted to 100.000 million dollars.
16-02-2010 the Economist
John Paulson does not manage to add followers for his hedge fund on the gold
At the end of 2009, when the company of Paulson, Paulson and Co. announced that it was starting a hedge fund to do an enormous bet in the gold, many people in Wall Street thought that the investors were going to put themselves to the tail quickly. But as there writes Gregory Zuckermann, of the newspaper The Wall Street Journal, they were mistaken, at least for the time being.
Paulson has collected scarcely 90 millions of dollars for his new fund. Not even 250 million dollars that the same Paulson put of his pocket in the fund have cheered many investors up. The fund, despite some profit this February, has lost 10 % from his throwing.
Paulson has said to the investors that his strategy with the gold is long-term and that it will yield his fruits in the next years, as there falls down the value of the most important coins. The recent falls in the price of the gold might stimulate Paulson to buy gold-mines and derivatives at low prices. And that might help him to note down profit further on
05-02-2010 five Days
Blackrock and Fibanc, better global agents
This year, Blackrock and Fibanc have received the award to the best global agent of big size and better global agent of small size, respectively.
Jorge Yzaguirre, the director of Variable Revenue of BME, delivered an award granted by the operator of the Stock Exchanges to the best ETF, and emphasized the growth of this segment of market, which is provided with two issuers (Lyxor and BBVA), 32 funds and 20.000 millions under management.
02-02-2010 Bolságora
I pray: Surrounding bull in full support
The experts of BNP Paribas consider that the instrument most adapted to make use of an upward movement in these assets would be the TURBOCHARGER CALL 1000 I PRAY expiration June, 2010 (54054). This TURBOCHARGER amplifies the percentage movement of the underlying one, for the good thing and for the bad thing, approximately 10 times. Any operative one should bear in mind this at the time of deciding the capital to be invested.
01-02-2010 Morningstar / The Economist
What is the reason by which few ETFs are commercialized so in Spain?
Fernando Luque, publisher of Morningstar Spain:
I believe that there are two motives.
First the relative ignorance on the part of the public. The ETFs are a recent product for the Spanish investor.
Second, the best relative tax system of the investment fund with regard to the ETFs (in a fund one can realize transfers without paying, while in the ETFs not). In any case, I want to make clear that in Morningstar we are not "partial" to a type of investment opposite to other. I believe that the ETFs can compensate perfectly this "worse" relative tax system with other arguments like the liquidity, the transparence and the access to segments of the market in which the funds do not invest.
01-02-2010 EP
Spain - The ETFs with record growth of 76,5 %
The number of negotiations in the segment of quoted funds (ETF) in January, 2010 was 5.771, what represents a growth of 76,5 % on January, 2009 and represents a new monthly record in this segment.
27-01-2010 expansion
BBVA and Lyxor will throw more ETF in Spain not to lose quota with the competition
Between the products that it studies to bring Lyxor there stand out those of prime matters, the inverse ones - that are revalued when an index falls down - and, if BME grants some new license, other on some index of the family of the Ibex.
The quoted funds have turned into one of the big winners of the sector after more than one trillion saw his patrimony developing under management from 700.000 million dollars of ends of 2007 even in 2009.
21-01-2010 finance
Operative with CFD's: How to limit the risk in the prime matters
The contracts for differences (CFD's) on prime matters are characterized by a big volatile nature in the movements of his prices. The gold, for example, has multiplied by four his quotation from the year 2005. Most of the prime matters register the same type of strong movements, both to the rise and to the fall. This is due to the fact that his prices are very sensitive to external factors, the evolution of the dollar, the movements of interest rates or the monetary politics. The CFD's on prime matters have a high leverage grade. Most of the issuers of contracts on these products demand between 5 and 10 per cent of the nominal value of the contract like guarantee of the same one. This implies that the leverage can come up to 20 times to one. If we join the big volatile nature and the high leverage grade, the result is a product of high risk. For it, it is suitable to have a strategy that limits the risk of the investment. With these contracts, it is possible to gain a lot of money in a little time, but also there is quite high the risk of losing it in few meetings.
20-01-2010 expansion
Idea of Barclays Wealth to win in 2010
To take short positions in the gold, but limiting the possible losses. Barclays Wealth thinks that the gold is overvalued by his fundamental ones, although the correction might not come from immediate form. It recommends to open downward positions in gold buying long-term puts on one of the quoted funds (ETF) that they invest in gold or by means of structured notes. To the investors who have already won with the gold Barclays he advises to sell his positions or use instruments to protect the profit or to reduce the losses risk.
13-01-2010 the Economist
The 10 best investment funds of last decade
There are the Parvest China Classic, of BNP; the funds BGF World Gold, World Mining and Latin America A2, of BlackRock; the PRC Equity de Invesco; the Latin American Retail Net de Threadneedle, to which they accompany the Latin America Equities, of Crédit Agricole and the Latin America To, of the Gartmore sicav; and two of the funds most known about the Spanish market: Bestinver Stock Exchange and Bestinfond, both of Bestinver.
The taste for the prime matters is reborn from time to time and, good test of it, two products that they invest in this sector are placed between the most profitable ten of the decade. It is a question of two funds of BlackRock, World Gold A2 and World Mining A2, which according to Morningstar are of the best offers that they can be to be exposed to gold and another type of metals.
The best thing? His team of management. Directed by the doctor Graham Birch, (and with Evy Hambro as visible head of the analysis), the team at the head of the golden products and mine-layers of BlackRock “is one of the stablest and most prepared that we have been, and in that the personnel demonstrates a high engagement level”, they point out from the signature information provider.
05-01-2010 expansion
The investment funds cut his exhibition away to the bonds of the USA and the United Kingdom
The principal investment funds of the world are cutting his exhibition away to the bonds the United Kingdom and the USA before the fears of that the increase of the public debt and the retreat of the support of the central banks to his economies could suppose a deterioration of the global recovery. The funds are afraid that an important increase of the profitability of the governmental bonds, or interest rates, unleashed by the worry of the markets on the public finance, is translated of immediate form in the increase of the mortgages and of the credits of the companies. As the profitability increases, the price of the bonds diminishes, provoking a devaluation of the investments of the funds. Pimco, one of the biggest funds of bonds of the world, which manages approximately 940.000 million dollars, warns that the record levels of emission of bonds in the USA and the United Kingdom and the end of the monetary relaxation will place to the financial markets in a situation of extreme difficulty. Other big funds, as BlackRock, Barings Asset Management and Standard Life Investments, also have warned of the consequences of a massive sale of bonds of the USA and the United Kingdom.
24-12-2009 five Days
Latibex trusts that the ETF take liquidity to the market
Blackrock lists in the Stock Exchange of Latin-American values the first one of a family of qualifications that indexes answer.
22-12-2009 the Economist
Spain - The ETF fan will be opened in more than 20 products in 2010
Only one legislative change separates the international agents of the Spanish market of quoted funds (ETF).
Funds on prime matters.
ETF Securities, leader on the ETF market on prime matters with 17.000 million euros in assets under management, is one of the above mentioned. “Right now we sell our products between institutional clients but a next year we reckon to begin to quote on the Spanish market with more or less ten of our products it covers with stars”, affirms Luis Puertas, person in charge in Spain and Portugal of ETF Securities.
What these products are it covers with stars?
Those that they invest in oil, gold, prime matters in general, coal, etc.
19-12-2009 expansion
The ETF of Gold take advantage of a weak dollar
From December, 2008 the dollar has fallen down concerning 20 %, a collapse that has served as catapult at the cost of other assets: gold, American, emergent exporters … One of them has been the gold. The funds that they invest straight in this metal across ETFs or in an indirect way in actions of mines they are doing it especially well this year 2009. The category of funds of prime matters has revalued in the exercise more than 70 % thanks to this impulse, with products specializing in gold, overcoming extensively this percentage as Pioneer Funds-Gold and Mining.
08-12-2009 the Economist
George Soros: "The CDS are also poisonous assets”
George Soros has accused the fundamentalists of the market of dismantling big part of the world regulation, what he has led to the crisis that still suffers the economy. After studying the market, Soros has come to the conclusion that the CDS (Credit Default Swaps, insurances to cover the risk of issuers' non-payment of bonds) are also poisonous assets. He makes sure that they sell to someone an insurance to be covered of a third one, and that later they provide to the last one a weapon to shoot the first one.
07-12-2009 Cotizalia
The 2 best agents of Europe invest in gold: 165 % in 12 months
Of the spectacular revaluation of the gold there have taken advantage two agents of funds, Georges Lequime (mining engineer) and Joachim Berlenbach (geologist). His management at the head of Earth Gold Fund has provided the best profitability of the market to them in the last year, according to Citywire. The size of the fund (80 million dollars) has allowed to these two agents to be more agile than bigger funds. His portfolio is composed by approximately 40 values. He invests in companies of big capitalization - between 35 % and 40 % of the patrimony - in medium companies - between 30 % and 35 %-and in in what Lequime calls “emergent producers” - concerning 30 % of the capital-. Geographical exhibition: 16,6 % of the assets is invested in Amércia of the South - excluding Peru - 18,3 % in Africa - excluding South Africa - 13,6 % in Australia, 11,6 % in the United States, 10,7 % in Peru, 9 % in Canada and 8,2 % in Mexico. Assets: At present 81 % in gold, 17,1 % in silver and a 1,3 % in diamonds.
04-12-2009 five Days
New S&P500 Gold Hedged Index
S&P it throws an index to protect with gold the depreciation of the dollar
The agency Standard and Poor's has created a new index, S&P500 Gold Hedged, which will use the gold as a coverage before the depreciation of the dollar. The index is created by a combination of long positions (upward bets), so much in S&P 500, as in the futures of the gold negotiated on the market Comex. The index will be checked monthly to re-balance the exhibition both to variable revenue and to gold, according to the fluctuations that both assets experience. The development of this type of indexes allows the creation of funds linked to this strategy of investment.
“In this strategy, the investors think about how to eliminate the risk of the fluctuations of the dollar and, therefore, they must be ready to sacrifice potential profit of the currency against the gold. Supporting long positions in the futures of the gold, the investors will obtain yields when the dollar loses value.”, tells Liz Taxin, director of strategy of indexes in S&P Indexes.
30-11-2009 strategies of Investment
Video - The upward tendency that has the gold not for
Miguel Cedillo, Agent of Dif Broker, says on one of the assets that more retop in what it goes of exercise, the gold: "Assets that is in an upward tendency and it will keep on raising although obviously it will have his clippings along the way. For the time being nothing has indicated that the upward tendency that has the gold should be going to stop, therefore it would support the strategy for the one who is invested in these assets.”
But: what is the best strategy to invest in gold?
“Everything depends on the type of investor and his distaste to the risk as well as economic availability”, aims Cedillo who remembers that, “across CFDs you assume risk and you have to deposit guarantees.” For this motive, from Difbroker they would propose to invest across ETFs.
27-11-2009 the Economist
95 % of the funds that they invest in gold overcomes the profitability of the metal
Of the strong appreciation of this metal - from his minimums it bounces 46 % and in the year either revaluations are noted down of 34 %-not only are benefiting those that they invest straight in him, either be by means of the direct buying (physics) of the metal or as across ETF (quoted funds) that they answer his behavior. Also there are companies, like that they devote themselves to the golden extraction, which the hands rub before such an unstoppable rally. And with them, the funds that they invest in them.
13-11-2009 EstrategiasDeInversion
Video - Chief You Go out Trading in Spain of SaxoBank:
“We recommend the positions with ETF's especially in commodities”
With regard to the revaluation of another type of assets as the gold it is turning into assets to cover the instability of the market. And: how to operate with assets as the gold? There are 3 possibilities: "for a private client we would be recommending to him to operate across CFD's, to institutionally futures of the gold or CFD's since the above mentioned will allow the flexibility in the positions that the contrastos do not allow futures of the gold.” The composition of the portfolio of Saxobank changes according to the base of every client. Nevertheless, they recommend positions with ETF. From this point of view, the weight of the portfolio is determined by the commodities (45 %), close to 35 % 30 would be distributed in accciones of the world index MSCI - %-and of emergent markets (5 %) and finally 20 % distributed to the half between American debt and short-term European.
21-09-2009 five Days
The emergent gilding
The Spanish retail investor can benefit also from the possible continuity of this tendency in the next years. Undoubtedly, the collective investment is the best way of gaining access to this type of investments that, for his distance and major risk, ride prepared difficulty and high costs. The investment funds and more recently the quoted funds (or ETF in his Anglo-Saxon terminology) are the concrete products that the investor can use, always with the help of a professional adviser. The offer is wide and the fiscal not taxation advantage for transfer between funds, attractive. Numerous international agents exist with powerful teams of agents and analysts, frequently places, with funds of active management. In case of the ETF it is important to look those with the maximum liquidity and better record, since the target to answer the behavior of indexes of emergent bag is not sometimes so simple.
27-05-2009 the World
Box Spain offers the first investment fund with the reference gold
Box Spain Fondos de inversión offers to his clients a new formula of investment, the so called one - Guaranteed Fondespaña Oro - which takes like the evolution of the gold as regarding across the Index London Gold Market Fixing. It is a question of the first guaranteed fund thrown in Spain that indexes his revaluation to the evolution of the gold constituting a magnificent opportunity to diversify the risk of the portfolios.
05-04-2009 the Country
Modest fever of the gold - The funds that they invest in the precious metal receive interest with the crisis
Since it began the economic and financial crisis, and in the middle of the distaste to the risk generalized, many have risen the question to themselves if there would not have come the moment to invest in gold, anything that the individuals can do by means of the buy of physical gold (coins and bars) or across quoted funds (ETF and ETC, initials of Exchange Traded Funds or Exchange Traded Commodities, respectively, that, in case of the above mentioned, they invest in physical gold also).
03-04-2009 investment strategies
Profitable golden Funds, but: insurances?
Volatile nature to part, or included, the true thing is that the funds of variable revenue I pray they lead, at this point of the year, the profitability table with an increase from the beginnings of 2009 of something more about 19 %.
01-03-2009 the Provinces
Golden Funds, the jewel of the market in profitability
It is the category with major remuneration this year, with a few average profit of 15 % from January. According to the experts, in the short term this metal will continue to the rise. To be done of gold, in full crisis, there is nothing better than to resort, precisely, to this precious metal. In the current recession conjuncture, many investors are covering his portfolios taking positions in this active excellent classic refuge.
19-02-2009 finance
The funds of variable revenue in gold offer average profitability of 17 %
If there is an investment that shines in this 2009 it is the gold. To 3 months, the profitability of these funds is 53,15 %, according to the information of the specializing company Morningstar. In the year, this funds category accumulates a comeback of 17,17 % (to closing of Friday, the 13th of February), with profitability of 10,02 % after last January ends. The yellow metal has appreciated 10 % on the international markets in 2009, up to 968 dollars the ounce and accumulates a revaluation of 6,9 % in the last 12 months.
09-12-2008 Lipper
The gold corners the ranking of profitability of the funds in November, 2008
The gold has left the biggest profitabilities for the investment funds industry in November, 2008 and there corners 3 of the first 5 positions of the ranking of the month, according to Lipper information. The fund BlackRock Gold and General has offered profitability of 21,13 %, while the funds Global Gold and Smith and Williamson Global Gold and Resources have gained 16,36 % and 16,09 %, respectively, after the price of the gold is repuntado up to 820 pounds for ounce during the last month.
20-11-2010
