Net inflows across all European providers of short and leveraged products came in at $249 million, driven primarily by positive flows in fixed income and currency products. ETF Securities triple leveraged currency products saw record inflows, with approximately $130 million of new assets invested. Investors showed particular interest in leveraged exposure to the long US/short EUR pair. The providers short and leveraged equity products also saw positive inflows of $4m, driven primarily by pair trading in the DAX products, with $38m of new funds into the 2x short product offset by $18 million of outflows from [link] the 2x long product. Apart from strong inflows into its leveraged silver ($82mm) and short gold ($71m) products, the providers short and leveraged commodity products saw net negative outflows of $92 million. The largest outflows were from the leveraged WTI crude oil ($109 million), short copper ($50 million), leveraged natural gas products ($95 million).
ETF Securities registers inflows into short and leveraged ETPs
The South African Reserve Bank raised its policy rate for the first time since 2008, citing inflation pressures caused by the rands decline. Chinas stocks rose for a second day as banks advanced amid near record-low valuations and information technology companies surged. China Minsheng Banking Corp. (600016) and Huaxia Bank Co. gained at least 1.1 percent.
IndexUniverse Rebrands as ETF.com, Launches Free Site with Institutional-Quality ETF Data, Screening Tools and Analyst Insight
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ETF Insider: Q&A With Chris Hempstead, Head of Sales for ETF Trading at KCG
Revenue was $23.8 billion, better than expectations of $22.5 billion. For 2014, the company guides for EPS of $7.00 to $7.20 and revenue of $87.5 to $90.5 billion, with commercial deliveries of between 715 and 725. The Street consensus is $7.48 per share on revenue of $92.7 billion. Winners and Losers Financial Select Financial Sector SPDRs (XLF) is down 0.28%. Direxion Daily Financial Bull 3X shares (FAS) is down 0.19% and its bearish counterpart, FAZ is up 1.13%.
ETF Preview: ETFs, Stocks Slip Lower Ahead of Fed Announcement on Tapering, Interest Rates
This asset class is a great barometer of the market overall, and since I also love talking to clients about it, you could say Im in the perfect job. What was the best career advice youve ever received? Early on in my career I had my first trading error. I was pretty upset and began questioning whether or not I was meant to be in this business.