에 대한 최신 뉴스 iShares MSCI EAFE Value ETF (BATS:EFV)

iShares MSCI EAFE Value ETF

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The fund seeks to track the investment results of the MSCI EAFE Value Index (the Underlying Index), which is a subset of the MSCI EAFE Index. The MSCI EAFE Index has been developed by MSCI Inc. ( MSCI) to measure the equity market performance of developed markets outside of the U.S. and Canada. Constituents of the Underlying Index include securities from Europe, Australasia and the Far East. The Underlying Index targets approximately 50% coverage of the free float-adjusted market capitalization of the MSCI EAFE Index and consists of those securities classified by MSCI as most representing the value style of investing.

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연방준비제도(연준)는 다가오는 연방공개시장위원회(FOMC) 회의에서 금리를 인하할 것으로 예상되며, 그 결정은 수요일 동부 표준시 오후 2시에 발표될 예정이다.

연준의 금리 인하 결정이 내려지기 전에 투자자들이 비밀리에 매수한 10가지 ETF

EF ENERGYFUNDERS VENTURES by EF EnergyFunders Ventures Inc.

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<img alt="ETF Exchange traded fund Investment finance concept. Abstract background." class="article-image-one" src="https://www.marketbeat.com/logos/articles/med_20250304100712_broaden-your-etf-exposure-with-these-3-overlooked.jpg" style="height:504px; width:1200px" />
Volatility is surging, with the <a href="https://www.marketbeat.com/financial-terms/learning-about-the-vix-volatilty-index/">VIX &quot;fear&quot; index</a> climbing to its highest level so far in 2025 as of March 3. Investors have been spooked by an inverted yield curve in Treasury rates and corresponding concerns about a potential recession, as well as uncertainty surrounding tariffs by the Trump administration, dropping consumer confidence levels, and more. In the midst of these challenges, exchange-traded funds (ETFs) can be a haven and a way to diversify a portfolio to protect against headwinds.
Investors looking to expand their ETF focus in the new year might consider any number of defensive plays that aim to minimize downside risk in a tumultuous market. More adventurous investors might also use this as an opportunity to invest in underappreciated ETFs&mdash;funds that have had a strong showing so far in 2025 but which have relatively modest assets under management of $25 billion or less. These are not the most obscure ETFs available&mdash;to be sure, there are plenty with asset bases just a fraction of that level&mdash;but they are also well behind many of the most popular ETF options investors tend to gravitate toward.
<h2>Strong 2025 Performance and Global Exposure With High Dividends</h2>
The <a href="https://www.marketbeat.com/stocks/BATS/EFV/">iShares MSCI EAFE Value ETF (BATS: </a><a class="ticker" href="https://www.benzinga.com/stock/efv#BATS">EFV</a>) may appeal to investors seeking increased exposure to equities outside of the North American space. Focusing on Europe, Australia, Asia, and the Far East (EAFE), EFV prioritizes companies with value characteristics such as low pricing multiples.
[content-module:CompanyOverview|BATS:EFV]
Value stocks have seen success as a group early in 2025, and EFV bets that these trends will continue, at least outside of the United States and Canada.
A key draw of EFV is its wide reach. The fund&#39;s nearly 450 holdings are tilted toward financials (about 34% of the portfolio as of February 28), but all sectors are represented. Similarly, though Japan, the United Kingdom, and France are the countries best represented in EFV&#39;s basket of stocks, companies from more than a dozen nations are included.
Many of the names in EFV&#39;s portfolio also maintain high dividend yields, and the fund itself has an annual dividend yield of 4.29%, giving investors a key added bonus of regular passive income. As of March 3, EFV has surged by about 11% so far in 2025, while the S&amp;P 500 is down 0.3% over the same period.
<h2>Low-Cost Global Exposure, Solid 2025 Returns</h2>
Investors seeking an ETF similar to EFV above but with a broader basket and a lower expense ratio might consider the <a href="https://www.marketbeat.com/stocks/NYSEARCA/SPDW/">SPDR S&amp;P World ex-US ETF (NYSEARCA: SPDW)</a>.
[content-module:CompanyOverview|NYSEARCA:SPDW]
While EFV&#39;s annual fee will cost investors 0.33%, SPDW&#39;s is a mere 0.03%, making it one of the least expensive ETFs available.
Further, SPDW&#39;s investment mandate is exceptionally wide&mdash;the fund holds a huge portfolio of large-cap developed international equities outside the United States. With extensive exposure to nearly 5,000 stocks, SPDW remains broadly diversified without a distinct geographic or sector focus.
However, it makes an excellent play when global markets are thriving, and the U.S. may be struggling&mdash;or for investors simply looking to rebalance their portfolio away from a common U.S. tilt. SPDW&#39;s strategy is paying off so far this year, with returns of nearly 8% so far as of March 3.
<h2>Modest Assets Don&#39;t Interfere With Stable Holdings, High Dividend Yield</h2>
Unlike the funds above, the <a href="https://www.marketbeat.com/stocks/NYSEARCA/HDV/">iShares Core High Dividend ETF (NYSEARCA: HDV)</a> does focus on U.S. equities&mdash;specifically, on <a href="https://www.marketbeat.com/compare-stocks/dividend-stocks/">dividend-paying</a> large-caps that show signs of being undervalued.
[content-module:CompanyOverview|NYSEARCA:HDV]
The 76 companies in HDV&#39;s portfolio include household names like&nbsp;<a href="https://www.marketbeat.com/stocks/NYSE/JNJ/">Johnson &amp; Johnson (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>) and <a href="https://www.marketbeat.com/stocks/NYSE/PG/">Procter &amp; Gamble Co. (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/pg#NYSE">PG</a>).
Companies like these are incredibly well established, likely to continue to see strong business even in the face of challenging external economic conditions, and appealing to investors for their history of dividend payments.
HDV sports a fairly high annual dividend yield of 3.44%. The stable status of the individual stocks making up HDV&#39;s portfolio means the fund has also fared well so far in 2025 despite uncertainty in the market. HDV is up more than 7% year-to-date as of March 3. What&#39;s more, its low expense ratio of 0.08% makes it competitive with many other dividend funds. It&#39;s surprising, then, that HDV has an AUM of just $11 billion, making it the smallest fund on this list based on asset base.
<h2><a href="https://www.marketbeat.com/newsletter/PDFoffer.aspx?offer=top5&amp;RegistrationCode=SyndicatedArticleLink" style="text-decoration:none;color:var(--dark-blue); font-weight:500;">Where Should You Invest $1,000 Right Now?</a></h2>
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Our team has identified the <a href="https://www.marketbeat.com/newsletter/PDFoffer.aspx?offer=top5&amp;RegistrationCode=SyndicatedArticleLink">five stocks</a> that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
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The article &quot;<a href="https://www.marketbeat.com/stock-ideas/broaden-your-etf-exposure-with-these-3-overlooked-funds/">Broaden Your ETF Exposure With These 3 Overlooked Funds</a>&quot; first appeared on MarketBeat.

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Broaden Your ETF Exposure With These 3 Overlooked Funds

The Federal Reserve is widely anticipated to cut interest rates at its upcoming Federal Open Market Committee meeting, with the decision set for release on Wednesday <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">at 2 p.m. ET.</a>
The central bank has maintained the federal funds rate at 5.25%-5.5% since September 2023 and this week&#8217;s rate reduction would be the first since March 2020, signaling a marked shift from the restrictive monetary policy stance implemented to combat soaring inflation.
<h3 class="wp-block-heading">Rate Cut Expectations: Will The Fed Opt For 25 Or 50 Basis Points?</h3>
The key question on everyone&#8217;s mind is the magnitude of the rate cut. Will the Fed opt for a cautious 25-basis-point reduction, or will it make a bolder move with a 50-basis-point cut, as seen at the start of previous rate-cutting cycles?
Market sentiment currently differs from Wall Street economist consensus. Traders are pricing in a 63% probability of a 50-basis-point cut, as per the CME FedWatch tool.
Among Wall Street analysts, instead, there is an overwhelming consensus on a more conservative 25-basis-point reduction, but JPMorgan Chase &amp; Co. stands out as the notable exception, forecasting a 50-basis-point cut.
According to the biggest U.S. bank, interest rates are about 150 basis points above neutral levels. Therefore, a 25-basis-point cut per meeting would take almost a year to align the policy back to a neutral stance. 
This strengthens the case for frontloading rate cuts at the start of the cycle, particularly given that, in hindsight, a July commencement might have been more appropriate.
Regardless of whether the Fed chooses a 25 or 50-basis-point reduction, analysts expect a series of cuts to continue through 2024 and 2025.
<h3 class="wp-block-heading">Investor Moves Ahead of the Rate Cut: Top 10 ETFs Investors Bought Last Week</h3>
In the week leading up to this highly anticipated rate cut, investors reshuffled their portfolios, resulting in significant inflows into various exchange-traded funds (ETFs) that may indicate a strategic tilt toward assets poised to benefit from a lower interest rate environment.
To identify these trends, Benzinga analyzed data from VettaFi&#8217;s etfdb.com, and found that investors displayed a strong preference for value-oriented ETFs. 
Notable among these were the iShares MSCI EAFE Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFV#NYSE">EFV</a>) and SPDR Portfolio S&amp;P 500 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYV#NYSE">SPYV</a>), signaling a tilt towards assets that may offer stability and a defensive hedge as the macro regime shifts.
As a traditional beneficiary of lower interest rates, gold has also been on investors&#8217; radar, with prices repeatedly hitting record highs over the last week, supported by strong inflows into the SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>). 
Also worth noting is the interest in the tech sector, particularly semiconductors, with the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) seeing substantial inflows.
Additionally, investors pursued speculative and leveraged strategies on the Nasdaq 100, likely interpreted as a bet to the rising chance of a larger 50-basis-point cut. 
Investors bought into both ProShares Ultra QQQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QLD#NYSE">QLD</a>), which aims to deliver twice the daily performance of the Nasdaq 100, and the ProShares UltraPro QQQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NYSE">TQQQ</a>), which targets three times the daily performance of the index.
Rounding out the list, the popular small-cap fund iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) attracted over half a billion dollars in inflows last week, signaling investors&#8217; growing interest in smaller, domestically-focused companies as they are poised to benefit from declining borrowing costs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF Name</th>
<th>1 Week Inflows ($MM)</th>
</tr>
</thead>
<tbody>
<tr>
<td>iShares MSCI EAFE Value ETF</td>
<td>$1,135.48</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPLG#NYSE">SPLG</a>)</td>
<td>$820.85</td>
</tr>
<tr>
<td>Vanguard Intermediate-Term Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCIT#NYSE">VCIT</a>)</td>
<td>$818.30</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 Value ETF</td>
<td>$775.06</td>
</tr>
<tr>
<td>VanEck Semiconductor ETF</td>
<td>$717.11</td>
</tr>
<tr>
<td>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</td>
<td>$698.27</td>
</tr>
<tr>
<td>SPDR Gold Shares</td>
<td>$648.41</td>
</tr>
<tr>
<td>ProShares Ultra QQQ</td>
<td>$646.66</td>
</tr>
<tr>
<td>ProShares UltraPro QQQ</td>
<td>$560.15</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF </td>
<td>$552.24</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40903154/13-etfs-to-own-as-fed-set-to-cut-rates-analysts-highlight-utilities-real-estate-and">13 ETFs To Own As Fed Set To Cut Rates: Analysts Highlight Utilities, Real Estate, And More</a></li>
</ul>
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10 ETFs Investors Secretly Bought Before The Fed's Make-Or-Break Interest Rate Call

Thursday morning was marked by the release of significant economic data for the United States, setting the tone for the trading session.
The producer price index rose by 0.7% month-on-month in August, jumping from July&#8217;s 0.3% increase <a href="https://www.benzinga.com/economics/macro-economic-events/23/09/34578625/producer-prices-unexpectedly-soar-1-6-in-august-deepening-inflation-worries-rate-">and surpassing estimates of 0.4%.</a> 
This represented the highest monthly price increase for producers since June 2022. Annual inflation among producers reached 1.6%, exceeding economists&#8217; projections of 1.2%.
The PPI&#8217;s unexpected rise comes on the heels of a higher-than-expected consumer price index report released just a day earlier. August CPI inflation increased to 3.7%, up from 3.2% in July, slightly <a href="https://www.benzinga.com/economics/macro-economic-events/23/09/34540762/august-cpi-surge-stuns-economists-rate-hike-looms-or-just-a-blip">above the anticipated 3.6%. </a>
These elevated figures have raised concerns about the Federal Reserve&#8217;s monetary policy, as mounting inflation pressures could prompt the Fed to rethink its interest rate path. 
Despite the reactivation of inflationary pressures, American consumer demand remains strongly robust. August witnessed <a href="https://www.benzinga.com/economics/macro-economic-events/23/09/34579383/august-retail-sales-beat-expectations-defying-inflation-high-interest-rates">0.6% month-on-month growth in retail sales</a>, surpassing July&#8217;s 0.5% and beating expectations of 0.2%. This impressive streak marks the fifth consecutive month of rising retail sales. 
The resilience in consumer spending defies the gravitational pull of inflation and high interest rates, confounding market analysts and policymakers alike.
<h2 class="wp-block-heading">Experts Weigh In On Reflation Phase</h2>
Chris Zaccarelli, chief investment Officer for Independent Advisor Alliance, said consumers continue to spend more than anticipated despite the higher interest rate environment. The Federal Reserve now faces a tough task, as data coming in hotter than predicted could put increasing pressure on the central bank to consider raising rates once more at the November meeting, he said. 
Jeffrey Roach, chief economist for LPL Financial, tried to cool down the excitement, stating that retail sales figures are not adjusted for inflation. The expert highlighted that the surge in August retail sales was primarily driven by an increase in gas purchases. When accounting for inflation, the economy shows signs of losing some momentum, although many businesses still enjoyed a strong summer with growing sales.
<h2 class="wp-block-heading">Market Reactions: 5 ETFs Rallying Thursday</h2>
The top-performing exchange-traded funds on Thursday were predominantly focused on cyclical sectors, which typically thrive when the economic engine is firing on all cylinders.
<ol>
<li>SPDR Metals and Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>) up 2.3%, top performing stock: Schnitzer Steel Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) up 4.7%. </li>
<li>SPDR Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) up 1.5%; top performing stock: Citizen Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) up 3.1%. </li>
<li>Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) up 1.3%; top performing stock: Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) up 9.4%. </li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) up 1.2%; top performing stock: Marathon Oil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) up 3.2%. </li>
<li>iShares MSCI EAFE Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFV#NYSE">EFV</a>) 1.1%; top performing stock: Aviva plc (OTCPK: AVVIY) up 4.3% </li>
</ol>
Read now: <a href="https://www.benzinga.com/news/23/09/34582519/arms-ipo-could-be-valued-at-54b-google-slashes-jobs-in-global-recruiting-starbucks-founder-and-forme">Arm&#8217;s IPO Could Be Valued At $54B, Google Slashes Jobs in Global Recruiting, Starbucks Founder And Former CEO To Leave: Today&#8217;s Top Stories</a>

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Inflation Surges, Consumer Demand Ignites Reflation Trade: Top 5 ETFs Dominating Thursday's Market

Representative Robert Wittman (R-VA) is the vice-ranking member of the House Armed Services Committee and also serves on the Committee on Natural Resources. Wittman has been serving in various levels of government for more than 30 years and has served the First Congressional District of<a href="https://www.benzinga.com/government/22/12/30008390/a-congress-member-bought-up-to-100k-in-block-stock-heres-what-you-need-to-know"> Virginia since 2007</a>.
The representative has made over 140 trades in the past three years and out of his various securities, Abbott Laboratories (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt#NYSE">ABT</a>) and SPDR S&amp;P 500 Trust ETF (ARCA: SPY), tend to be commonly traded, reported Capitol Trades. Here are three exchange-traded funds (ETFs) the congressman purchased in November.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/asia/22/12/29945181/this-congresswoman-saw-returns-of-over-20-on-this-aerospace-company-check-out-3-dividend-stocks-she">This Congresswoman Saw Returns Of Over 20% On An Aerospace Company; Check Out 3 Dividend Stocks She Recently Purchased</a>
iShares MSCI EAFE Value ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/efv#BATS">EFV</a>) is offering a forward dividend yield of 5.97% or $2.76 per share annually, through semiannual payments, with a track record of increasing its dividends once in the past year. ​​The iShares MSCI EAFE Value ETF seeks to track the investment results of an index composed of developed market equities, excluding the U.S. and Canada, that exhibit value characteristics. The ETF gives exposure to a broad range of companies in Europe, Australia, Asia, and the Far East that are thought to be undervalued by the market.
<ul>
<li>Its top three holdings are&nbsp;Shell (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shel#NYSE">SHEL</a>), Novartis (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvs#NYSE">NVS</a>), and BHP Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>).</li>
<li>Wittman purchased a range of between $1,000 to $15,000 in shares of iShares MSCI EAFE Value ETF for $44.82 per share, traded on Nov. 17 in an undisclosed filing, reported Capitol Trades.</li>
</ul>
iShares 10+ Year Investment Grade Corporate Bond ETF (ARCA: IGLB) is offering a dividend yield of 4.42% or $2.27 per share annually, using monthly payments, with an inconsistent track record of increasing its dividends. The iShares 10+ Year Investment Grade Corporate Bond ETF seeks to track the investment results of an index composed of U.S. Dollar-denominated investment-grade corporate bonds with remaining maturities greater than 10 years.
<ul>
<li>Wittman purchased a range of between $1,000 to $15,000 in shares of iShares 10 Year Investment Grade Corporate Bond ETF for $49.86 per share, traded on Nov. 17 in an undisclosed filing, reported Capitol Trades.</li>
<li>The ETF&#39;s top three stocks are&nbsp;AT&amp;T (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>), Comcast (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>), and&nbsp;Verizon Communications (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>).</li>
</ul>
Invesco KBW Bank ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kbwb#NASDAQ">KBWB</a>) is offering a dividend yield of 3.19% or $1.65 per share annually, making quarterly payments, with a track record of increasing its dividends once in the past year. The Invesco KBW Bank ETF is based on the KBW Nasdaq Bank Index, which is a modified-market capitalization-weighted index of companies primarily engaged in U.S. banking activities. The ETF typically invests at least 90% of its total assets in the securities that comprise the Index.
<ul>
<li>The ETFs top three holdings are&nbsp;JPMorgan Chase &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>), Wells Fargo (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>), and Bank of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>).</li>
<li>Wittman purchased a range of between $1,000 to $15,000 in shares of Invesco KBW Bank ETF for $54.06 per share, traded on Nov. 17 in an undisclosed filing, reported Capitol Trades.</li>
</ul>
Congressional Trading: Sen. Elizabeth Warren (D-MA) and Sen. Steve Daines (R-MT) want to ban members of Congress and their spouses from owning or <a href="https://www.benzinga.com/general/entertainment/22/11/29832597/this-congressman-just-purchased-2-stocks-which-consistently-increase-dividends">trading individual stocks</a>.

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A Career Politician Who Regularly Trades The SPY, Picked Up These 3 High Yielding ETFs Instead

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Brenda Vingiello On CNBC: My Final Trade Is The International Value ETF, Pete Najarian's Trade Is Upwork, Joe Terranova's Trade Is Starbucks

Value stocks in the United States are scuffling against broader benchmarks and growth stocks. While ex-US developed markets value stocks are also trailing relevant benchmarks, the value factor is performing better outside the U.S. this year than it is on a domestic basis.
For example, the iShares MSCI EAFE Value ETF (BATS:EFV) is up about 14 percent year-to-date compared to a gain of around 17 percent for the MSCI EAFE Index. EFV tracks the MSCI EAFE Value Index, the value offshoot of the widely followed MSCI EAFE Index.
EFV makes good on the value promise. The ETF has a price-to-earnings ratio of 14 compared to 18 on the iShares MSCI EAFE ETF (NYSE: <a class="ticker" href="/stock/efa#NYSE">EFA</a>). EFV could be getting its turn to shine. After all, concerns that the aging bull market in the U.S. is presenting investors with fewer and fewer value opportunities is one of the primary reasons why investors have been flocking to ex-US developed markets ETFs this year.
<h3>
	Inside The Value Play</h3>
The traditional MSCI EAFE Index holds over 900 stocks, but EFV&#39;s roster is comprised of less than 500 members. EFV allocates about 53 percent of its combined weight to Japan, the U.K. and France, which is mostly inline with the 52 percent allocation to those countries found in the standard MSCI EAFE Index.
Germany, Switzerland and Australia combine for about 23 percent of EFV&#39;s weight compared to 25 percent in the MSCI EAFE Index. Some investors often assume value stocks are less volatile than their growth counterparts. While that&#39;s usually the case in the U.S., EFV&#39;s three-year standard deviation of 13.2 percent is slightly above the 12.5 percent found on the MSCI EAFE Index.
As has been seen in the U.S. in recent years, value is lagging overseas as well. Over the past three years, EFA has topped EFV by almost 4-to-1 margin and from 2011 through 2016, the value ETF outperformed its traditional cousin on just two occasions.
<h3>
	One Sector Looms Large </h3>
EFV shares something in common with U.S. value funds: a large weight to the financial services sector. However, in the case of the ex-US value ETF, its exposure to the sector is quite massive. EFV devotes over 35 percent of its weight to financial services stocks, more than triple the ETF&#39;s second-largest sector weight, which is industrials.
With the MSCI Europe Financials Index up more than 22 percent this year, EFV is clearly benefiting from that trend. Conversely, the ETF would be vulnerable to a retrenchment in European bank stocks. Still, investors appear comfortable embracing EFV. The ETF hauled almost $296 million in new capital last week, good for the seventh-best total among all US-listed ETFs.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/09/10010636/a-different-view-on-developed-markets-etfs">Try This Developed Markets ETF</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/09/10010631/convertible-collection-a-different-fixed-income-etf">Try Convertible Bonds</a>

Long Ideas

Adding Value To The Developed Markets Trade

&ldquo;Price is what you pay. Value is what you get.&rdquo; &ndash; Warren Buffett

	Noted investors such as Warren Buffett have consistently attributed strong balance sheet characteristics and top financial ratios as a combination for long-term success.&nbsp;

	In contrast to the inherent magnetism of growth-oriented companies, many value-focused stocks fly under the radar and their share price may not be reflective of the company&rsquo;s strongest attributes.&nbsp; &nbsp;&nbsp;

	With that in mind, there are several exchange-traded funds designed to recognize value stocks across a number of different market capitalization categories.

	The iShares Russell 1000 Value ETF (NYSE: <a class="ticker" href="/stock/iwd#NYSE">IWD</a>) is the largest ETF designed to capitalize on undervalued companies.&nbsp; IWD has over $26 billion dedicated to a diverse array of 700 large and mid-cap stocks.&nbsp;

	This ETF charges a modest expense ratio of just 0.20 percent and top holdings include well-known names such as Exxon Mobil Corp (NYSE: <a class="ticker" href="/stock/xom#NYSE">XOM</a>) and General Electric (NYSE: <a class="ticker" href="/stock/ge#NYSE">GE</a>).&nbsp; &nbsp;

	<a href="https://www.benzinga.com/imce?app=nomatter%7Cimceload%40imceInline.load#" title=""><img alt="iwd_0.png" height="284" src="https://www.benzinga.com/files/u79448/iwd_0.png" width="460" /></a>

	If your focus is on larger companies with attractive yields, the Vanguard Value ETF (NYSE: <a class="ticker" href="/stock/vtv#NYSE">VTV</a>) is a strong candidate.&nbsp;

	This ETF invests in 323 stocks according to the CRSP US Large Cap Value Index and has over $18.1 billion in total assets.&nbsp;

	VTV charges a rock bottom 0.10 percent expense ratio and its 30-day SEC yield is currently listed at 2.47 percent.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/etfs/sector-etfs/15/04/5438029/dig-into-ipo-etfs">Dig Into IPO ETFs</a></bzrelatedlink>

	Moving to smaller companies, the iShares Russell 2000 Value ETF (NYSE: <a class="ticker" href="/stock/iwn#NYSE">IWN</a>) has over $6.3 billion dedicated to 1,375 stocks within the well-known Russell 2000 index.&nbsp;

	An ETF of this nature hones in on companies with less than $2 billion in market capitalization showing relative value to their peers.&nbsp; The end result is a high sector weighting in financial stocks, which make up over 40 percent of the total assets in IWN.&nbsp;

	Lastly, the most prominent value-centric foreign stock ETF is the iShares MSCI EAFE Value ETF (NYSE: <a class="ticker" href="/stock/efv#NYSE">EFV</a>).&nbsp;

	This index is comprised of nearly 500 stocks from Europe, Australia, Asia, and the Far East that are thought to be undervalued by the market.&nbsp; EFV has over $2.9 billion in total assets and charges an expense ratio of 0.40 percent.

	While many of these value ETFs have underperformed their growth equivalent peers over the last year, they still represent a group of stocks with compelling fundamental characteristics.&nbsp; &nbsp;&nbsp;

4 Top Value ETFs For Your Portfolio

Following a strong start to 2012 for global stocks and the ETFs that track them, dividends are likely to make up a larger part of total returns through year end, according to a research note published by S&amp;P Capital IQ. 

"Hhigher valuations and signs that growth is slowing from Brazil to China to beleaguered Europe drive our more cautious international views today compared to our more bullish stance in December, before the surge," according to S&amp;P Capital IQ's Alec Young.

Fortunately, there are plenty of ETFs offering global exposure with dividend yields exceeding 4% and S&amp;P highlights three of them in the note. Those funds are the iShares Dow Jones International Select Dividend Index Fund (NYSE: <a class="ticker" href="/stock/idv#NYSE">IDV</a>), the SPDR S&amp;P International Dividend ETF (NYSE: <a class="ticker" href="/stock/dwx#NYSE">DWX</a>) and the WisdomTree DEFA ETF (NYSE: <a class="ticker" href="/stock/dwm#NYSE">DWM</a>), all of which are rated Marketweight by S&amp;P.

With over $912 million in assets under management, the iShares Dow Jones International Select Dividend Index Fund is largest of the trio and the fund currently sports a trailing 12-month yield of almost 5%. While Australia and the U.K. combine for over 34% of IDV's weight, the ETF is also heavily allocated to Euro Zone nations as four of those countries combine for about 23% of the ETF's weight.

The SPDR S&amp;P International Dividend ETF currently yields an impressive 6.5% and has almost $816 million in assets under management. With an expense ratio of 0.45%, DWX is cheaper than IDV, which charges 0.5%. DWX's country allocation is also led by the U.K. and Australia, but the ETF is also heavier on Euro Zone nations as seven of those countries combine for roughly 41% of the fund's weight. DWX also offers more emerging markets exposure than its iShares rival.

The WisdomTree DEFA ETF is also cheaper than IDV with fees of 0.48% and DWM currently yields around 4.2%. The fund offers exposure to 20 countries, but approximately 57% of that country weight is devoted to the U.K. Japan, Australia and France. Including France, DWM allocates portions of its weight to nine Euro Zone nations.

S&amp;P also has Marketweight ratings on the Vanguard MSCI Europe ETF (NYSE: <a class="ticker" href="/stock/vgk#NYSE">VGK</a>) and the iShares MSCI EAFE Value Index Fund (NYSE: <a class="ticker" href="/stock/efv#NYSE">EFV</a>).

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iShares Dow Jones International Select Dividend Income Fund

S&P: Dividends to Drive Global Equity Returns (IDV, DWM, DWX)

WisdomTree Trust WisdomTree SmallCap Dividend

DODGX

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

FCNTX

iShares S&P SmallCap 600 Growth Index Fund

iShares Trust Russell Midcap Growth Index Fund

iShares Trust Russell MidCap Value Index Fund

iShare Morningstar Large Growth Index Fund

iShares Morningstar Large Value Index Fund

iShares Morningstar Small Growth Index Fund

PowerShares Dynamic Developed International Opportunities Portfolio

PowerShares ETF Trust International Dividend Achievers Portfolio

PowerShares Exchange Traded Fund Dynamic Mid Cap Portfolio

PowerShares Exchange Traded Fund Dynamic Small Cap Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Small Cap Growth Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Large Cap Value Portfolio

QQQQ

Rydex ETF Trust S&P Midcap 400 Pure Growth ETF

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

Rydex ETF Trust Rydex S&P Equal Weight ETF

Rydex ETF Trust S&P Smallcap 600 Pure Growth ETF

SCHA

SCHV

SCHX

National Semiconductor Provides Good Funds in Their Retirement Plan

One of the most glaring holes in our education system is retirement investing. Much is said about day trading and the high wire acts of Hedge Funds. Retirement investing is a long term proposition and is similar to looking after your health – do what is sensible and have occasional checkups that become more frequent as you age. Boomers are getting to retirement age without sufficient funds and the group behind them are faring no better. As social security and other retirement schemes are under increasing pressure with debt and inflcation, we are simply going to have to be more active in our own retirment plans. Nobody cares about your retirement investments as much as you do.
A simple <a href="http://www.myplaniq.com/LTISystem/f401k_view.action?ID=5,464">portfolio </a>(six ETFs – index funds – no fancy management – one fund for each of six different classes). over a five year period, buy and hold has returned 7% and a more active momentum strategy has returned 13%. This is a simple, easy to understand fund and investment approach that can be used as a benchmark for what others are telling you.
We are investigating and breaking down luminary portfolios for ideas and approaches to retirement investing to help gain understanding and experience.
 The <a href="http://www.fundadvice.com">FundAdvice </a>Ultimate Buy and Hold Portfolio is tracked by MarketWatch.com's <a href="http://www.marketwatch.com/lazyportfolio/portfolio/fundadvice-ultimate-buy-hold">lazy portfolios</a>, maintained by Paul Farrel. The portfolio is very diversified in equity asset classes although corporate bonds are missing. The plan consists of 11 funds. These funds enable participants to gain exposure to 5 major assets: US Equity, Foreign Equity, REITs, Emerging Market Equity, Fixed Income.
 
<table style="width: 50%;" border="0">
<thead>
<tr>
<th align="left">Asset Class</th>
<th align="left">Ticker</th>
<th align="left">Original Portfolio Holdings </th>
</tr>
</thead>
<tbody>
<tr>
<td width="40%">DIVERSIFIED EMERGING MKTS</td>
<td width="20%">VEIEX</td>
<td width="40%">6%</td>
</tr>
<tr>
<td width="40%">LARGE BLEND</td>
<td width="20%">VFINX</td>
<td width="40%">6%</td>
</tr>
<tr>
<td width="40%">Intermediate Government</td>
<td width="20%">VFITX</td>
<td width="40%">20%</td>
</tr>
<tr>
<td width="40%">SHORT GOVERNMENT</td>
<td width="20%">VFISX</td>
<td width="40%">12%</td>
</tr>
<tr>
<td width="40%">Inflation-Protected Bond</td>
<td width="20%">VIPSX</td>
<td width="40%">8%</td>
</tr>
<tr>
<td width="40%">Foreign Large Value</td>
<td width="20%">VTRIX</td>
<td width="40%">12%</td>
</tr>
<tr>
<td width="40%">Foreign Large Blend</td>
<td width="20%">VDMIX</td>
<td width="40%">12%</td>
</tr>
<tr>
<td width="40%">SMALL BLEND</td>
<td width="20%">NAESX</td>
<td width="40%">6%</td>
</tr>
<tr>
<td width="40%">SMALL VALUE</td>
<td width="20%">VISVX</td>
<td width="40%">6%</td>
</tr>
<tr>
<td width="40%">LARGE VALUE</td>
<td width="20%">VIVAX</td>
<td width="40%">6%</td>
</tr>
<tr>
<td width="40%">REAL ESTATE</td>
<td width="20%">VGSIX</td>
<td width="40%">6%</td>
</tr>
</tbody>
</table>
 
<table border="0">
<thead>
<tr>
<th align="left">Asset Class</th>
<th>Number of funds</th>
<td style="vertical-align: top;">Lazy Portfolio Percentage</td>
</tr>
</thead>
<tbody>
<tr>
<td>Balanced Fund</td>
<td style="text-align: center;">0</td>
<td style="vertical-align: top; text-align: center;"></td>
</tr>
<tr>
<td>REITs</td>
<td style="text-align: center;">1</td>
<td style="vertical-align: top; text-align: center;">6</td>
</tr>
<tr>
<td>Fixed Income</td>
<td style="text-align: center;">3</td>
<td style="vertical-align: top; text-align: center;">40</td>
</tr>
<tr>
<td>Commodity</td>
<td style="text-align: center;">0</td>
<td style="vertical-align: top; text-align: center;"></td>
</tr>
<tr>
<td>Foreign Equity</td>
<td style="text-align: center;">2</td>
<td style="vertical-align: top; text-align: center;">24</td>
</tr>
<tr>
<td>Emerging Market Equity</td>
<td style="text-align: center;">1</td>
<td style="vertical-align: top; text-align: center;">6</td>
</tr>
<tr>
<td>US Equity</td>
<td style="text-align: center;">4</td>
<td style="vertical-align: top; text-align: center;">24</td>
</tr>
<tr>
<td>Other</td>
<td style="text-align: center;">6</td>
<td style="vertical-align: top; text-align: center;"></td>
</tr>
<tr>
<td>Total</td>
<td style="text-align: center;">11</td>
<td style="vertical-align: top; text-align: center;"></td>
</tr>
</tbody>
</table>
The ETF Portfolio has:
 (EEM) for emerging markets, (SPY) forlarge blend, (IEI) for the intermediate government bond, (SHY) for the short treasury, (TIP) for inflation protected bonds, (EFV) for foreign large blend, (IWM) for the small blend, (IWN) as small value, (IWW) for large value, (IYR) for real estate.
 As of Mar 21, 2011, this plan investment choice is rated as average based on MyPlanIQ <a rel="nofollow" href="http://www.myplaniq.com/LTISystem/f401k_showplanscorelist.action">Plan Rating methodology </a> that was designed to measure how effective a plan's available investment funds are . It has the following detailed ratings:
Diversification -- Rated as average (49%) Fund Quality -- Rated as average (48%) Portfolio Building -- Rated as above average (72%) Overall Rating: average (58%)
<h2>Portfolio Discussions</h2>
This is a well balanced portfolio with access to five asset classes. In the original, Emerging markets and Real Estate is underweighted and Commodities are not represented at all. We are going to compare the original portfolio with an ETF portfolio with standard Strategic Asset allocation and Tactical Asset allocation weightings.
 SAA will have 40% in Fixed income and 15% in each of the other asset classes TAA will have 40% in Fixed income and 30% in the two top performing asset classes
The ETF portfolio uses a simpler structure -- one ETF for each asset class -- VTI or SPY, VEU or EFA, VWO or EEM, VMQ or IYR, BND or AGG.
With any of these ETFs, we would expect the performance would be similar to the Mutual Fund versions because they have high trading volume. They don't have the same history as the Mutual Funds if you want to go back ten years.
Performance table (as of Mar 21, 2011)
<img src="http://www.myplaniq.com/LTISystem/UserFiles/1300826311050fundadvice long term.jpg" alt="" width="640" height="251" />
<div id="show_Port_div" style="display: block;">
<h3>Portfolio Performance Comparison</h3>
<table id="comparetablePort" class="tablesorter" style="width: 100%;" border="0" cellspacing="1" cellpadding="0">
<col style="width: 359px;" /><col style="width: 82px;" /><col style="width: 82px;" /><col style="width: 82px;" /><col style="width: 82px;" /><col style="width: 82px;" /><col style="width: 82px;" /> 
<thead>
<tr>
<th class="header" width="40%">Portfolio Name</th>
<th class="header" width="10%">1Yr AR</th>
<th class="header" width="10%">1Yr Sharpe</th>
<th class="header" width="10%">3Yr AR</th>
<th class="header" width="10%">3Yr Sharpe</th>
<th class="header" width="10%">5Yr AR </th>
<th class="header" width="10%">5Yr Sharpe</th>
</tr>
</thead>
<tbody>
<tr class="even">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=18487">FundAdvice Ultimate Buy and Hold Lazy Portfolio ETFs SAA </a></td>
<td>12%</td>
<td>87%</td>
<td>4%</td>
<td>18%</td>
<td>5%</td>
<td>20%</td>
</tr>
<tr class="odd">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=18357">Fund Advice Ultimate Buy and Hold Lazy Portfolio</a></td>
<td>10%</td>
<td>72%</td>
<td>4%</td>
<td>15%</td>
<td>5%</td>
<td>21%</td>
</tr>
<tr class="even">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=31573">Five Core Asset ETF Benchmark Strategic Asset Allocation Moderate</a></td>
<td>12%</td>
<td>76%</td>
<td>5%</td>
<td>16%</td>
<td>5%</td>
<td>19%</td>
</tr>
<tr class="odd">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=31570">Five Core Asset ETF Benchmark Tactical Asset Allocation Moderate</a></td>
<td>7%</td>
<td>42%</td>
<td>8%</td>
<td>60%</td>
<td>10%</td>
<td>63%</td>
</tr>
<tr class="even">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=18481">FundAdvice Ultimate Buy and Hold Lazy Portfolio ETFs TAA </a></td>
<td>5%</td>
<td>23%</td>
<td>6%</td>
<td>45%</td>
<td>8%</td>
<td>55%</td>
</tr>
</tbody>
</table>
</div>
 What we can see is that the buy and hold strategies -- the original portfolio and the two strategic asset allocation portfolios -- were running neck and neck with the tactical portfolios until we started to hit significant market turbulence around 2007. Until the spring of 2009 the tactical portfolios were clearly ahead but as we came out of the recession, it's possible to see that the buy and hold strategies have closed the gap somewhat. This is a great way of understanding what the two approaches bring over the long term.
 We note that the buy and hold strategies are virtually indistinguishable. The original portfolio has been well chosen in the sense that it is only rebalanced once a year and there is no rotation of sub-classes (for example between the different fixed income or US equity classes) and it has barely suffered at all. In a future article we will drill into the last few months and see whether moving some or all of the fixed income into cash has helped the two SAA portfolios squeeze out a little more of late.
 We also not the difference between the two TAA portfolios. The Five asset benchmark with only one fund per asset class has outperformed the plan with multiple choices. Research has shown that rotating assets in subclasses can bring benefits but, in recent days, that hasn't proven to be the case with the exception of moving fixed income to cash. The simple benchmark plans have done remarkably well over the past five years.
 The key takeaways are:
<ul>
<li>Over the longer term, when there have been downturns in the market, a tactical asset allocation strategy wins out </li>
<li>When the markets are doing well, buy and hold wins out</li>
<li>Be careful about asset class rotation -- it doesn't always give you the best returns</li>
<li>You have to be involved and aware to get the most out of your investments</li>
</ul>
We can expect choppy markets over the next few months and care should be taken as to which strategy is selected.
 Disclosure:
MyPlanIQ does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.
Symbols:<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VTI&amp;count=0090'>VTI</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=SPY&amp;count=00126'>SPY</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VEU&amp;count=00123'>VEU</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=EFA&amp;count=00141'>EFA</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VWO&amp;count=00105'>VWO</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=EEM&amp;count=00105'>EEM</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VMQ&amp;count=002'>VMQ</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IYR&amp;count=00101'>IYR</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=BND&amp;count=00143'>BND</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=AGG&amp;count=00133'>AGG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IEI&amp;count=0016'>IEI</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=SHY&amp;count=0080'>SHY</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=TIP&amp;count=0028'>TIP</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=EFV&amp;count=0031'>EFV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWM&amp;count=00100'>IWM</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWN&amp;count=0021'>IWN</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWW&amp;count=0031'>IWW</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IYR&amp;count=00101'>IYR</a>,
 
 
 
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iShares Trust Dow Jones US Real Estate Fund Index

iShares Trust Barclays 1-3 Year Treasury Bond Fund

Fund Advice Gives Sound Advice

Defense contractor General Dynamics Corporation (<a href="http://www.zacks.com/stock/quote/GD">GD</a>) received a $19 million contract to convert 15 of Saudi Arabia's M1A1 tanks into the M1A2S model. The contract adds to the company's existing $58 million contract entered in 2008, and modified in 2009.
The contract was awarded to General Dynamics Land Systems, a unit of General Dynamics, by the U.S. Army TACOM Lifecycle Management Command on behalf of the Royal Saudi Land Forces.
The M1A2S model vehicles possess distinct capabilities that increase the weapon's ability to kill while limiting obsolescence. General Dynamics Land Systems will carry out the project work at the Joint Systems Manufacturing Center in Lima, Ohio, with the help of current employees. The company estimates completion of work by March 31, 2012.
Under the $58 million contract received in 2008, General Dynamics is required to design, develop, convert, implement and test a hybrid configuration of the M1A1, M1A2 and M1A2 System Enhancement Package (<a class="ticker" href="/stock/sep#">SEP</a>) tank variants for Saudi Arabia. The 2009 modification that added $17.6 million was for the purchase of long lead materials for the 15-tank conversion.
Based in Falls Church, Virginia, General Dynamics is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. The company was ranked as the fourth largest U.S. defense contractor in terms of revenue in fiscal 2009, after The Boeing Company (<a href="http://www.zacks.com/stock/quote/BA">BA</a>), Lockheed Martin Corporation (<a href="http://www.zacks.com/stock/quote/LMT">LMT</a>) and Northrop Grumman Corporation (<a href="http://www.zacks.com/stock/quote/NOC">NOC</a>).
General Dynamics Land Systems is an operating unit of the company's Combat Systems segment. General Dynamics Land Systems designs, manufactures and supports land and amphibious combat systems for the U.S. Army, the U.S. Marine Corps and allied nations. The Unit's principal products are the U.S. Army's M1A2 SEP Main Battle Tank and Stryker armored wheeled vehicle, the U.S. Marine Corps' Expeditionary Fighting Vehicle (<a class="ticker" href="/stock/efv#">EFV</a>) and various robotic initiatives.
General Dynamics currently estimates full-year 2010 operating earnings in the range of $6.70 - $6.75 per share, taking into consideration the robust performance during the third quarter. The Zacks Consensus Estimates for fourth-quarter 2010, fiscal year 2010 and 2011 are $1.85 per share, $6.76 per share and $7.09 per share, respectively.
General Dynamics currently retains a Zacks #3 Rank (short-term Hold rating). We also maintain our Neutral recommendation on the stock.
   <a href="http://www.zacks.com/ZER/zer_comp_reports.php?f_ticker=BA&amp;f_report_type=&amp;f_bsh=OUTPERFORM&amp;f_period=7&amp;f_industry=">BOEING CO (<a class="ticker" href="/stock/ba#">BA</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/ZER/zer_comp_reports.php?f_ticker=GD&amp;f_report_type=&amp;f_bsh=OUTPERFORM&amp;f_period=7&amp;f_industry=">GENL DYNAMICS (<a class="ticker" href="/stock/gd#">GD</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/ZER/zer_comp_reports.php?f_ticker=LMT&amp;f_report_type=&amp;f_bsh=OUTPERFORM&amp;f_period=7&amp;f_industry=">LOCKHEED MARTIN (<a class="ticker" href="/stock/lmt#">LMT</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/ZER/zer_comp_reports.php?f_ticker=NOC&amp;f_report_type=&amp;f_bsh=OUTPERFORM&amp;f_period=7&amp;f_industry=">NORTHROP GRUMMN (<a class="ticker" href="/stock/noc#">NOC</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/">Zacks Investment Research</a>

Gen'l Dynamics to Build Saudi Tanks - Analyst Blog

ADRD

PowerShares Listed Private Equity Portfolio

Merrill Lynch Retail HOLDRS Trust due 12/31/41

Alchemy Real-Time Stream From Monday, 10/11/10

연방준비제도(연준)는 다가오는 연방공개시장위원회(FOMC) 회의에서 금리를 인하할 것으로 예상되며, 그 결정은 수요일 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">동부 표준시 오후 2시</a>에 발표될 예정이다.
이 중앙은행은 2023년 9월부터 연방기금 금리를 5.25%~5.5%로 유지해 왔으며, 이번 주 금리 인하는 2020년 3월 이후 처음으로 치솟는 인플레이션에 맞서기 위해 시행된 제한적인 통화 정책 기조에서 뚜렷한 전환을 의미한다.
<h3 class="wp-block-heading">금리 인하 기대: 연준은 25 또는 50bp를 선택할 것인가?</h3>
모두가 궁금해하는 핵심 질문은 금리 인하 폭이다. 연준이 신중하게 25bp(베이시스 포인트) 인하를 선택할 것인지, 아니면 이전 금리 인하 사이클의 시작에서처럼 과감하게 50bp 인하를 단행할 것인지가 주목된다.
현재 시장 정서는 월스트리트 경제학자들의 컨센서스와 다르다. CME의 페드워치(FedWatch) 도구에 따르면 트레이더들은 50bp 인하의 가능성을 63%로 가격에 반영하고 있다.
반면 월스트리트 애널리스트들 사이에서는 더 보수적인 25bp 인하에 대한 압도적인 합의가 존재하지만, JP모건 체이스는 50bp 인하를 예측하는 주목할 만한 예외이다.
이 미국 최대 은행에 따르면, 금리는 중립 수준보다 약 150bp 높다. 따라서 매번 회의마다 25bp 인하를 단행하면 정책이 중립적 입장으로 돌아가는 데 거의 1년이 걸린다.
이는 특히 돌이켜보면 7월 시작이 더 적절했을 수 있다는 점을 감안할 때 사이클 시작 시 금리 인하를 우선적으로 적용해야 한다는 주장을 강화한다.
연준이 25bp 또는 50bp 인하를 선택하든, 애널리스트들은 2024년과 2025년까지 일련의 인하가 계속될 것으로 예상하고 있다.
<h3 class="wp-block-heading">금리 인하 이전의 투자자 움직임: 투자자들이 지난주에 가장 많이 구매한 상위 10개 ETF</h3>
이번에 예상되는 금리 인하를 앞두고 투자자들은 포트폴리오를 재편성하여 금리가 낮은 환경에서 혜택을 볼 수 있는 자산으로의 전략적 이동을 나타내는 다양한 상장지수펀드(ETF)에 유입이 크게 발생했다.
이러한 트렌드를 파악하기 위해 벤징가(Benzinga)는 베타파이(VettaFi)의 etfdb.com 데이터를 분석했으며, 투자자들이 가치 중심의 ETF를 선호하는 강한 경향을 보였음을 발견했다.
그 중에서도 iShares MSCI EAFE Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFV#NYSE">EFV</a>)와 SPDR Portfolio S&amp;P 500 Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYV#NYSE">SPYV</a>)가 주목받으며, 이는 매크로 환경 변화에 따라 안정성과 방어적 헤지를 제공할 수 있는 자산으로의 선호를 나타낸다.
또한, 전통적인 금리 인하 수혜자인 금도 투자자들의 관심을 끌며, 지난주 동안 가격이 여러 차례 사상 최고가를 기록했고, SPDR Gold Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)로의 강력한 유입이 이를 뒷받침했다.
기술 섹터, 특히 반도체에 대한 관심도 주목할 만하며, VanEck Semiconductor ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>)가 상당한 유입을 보였다.
추가적으로, 투자자들은 나스닥 100에 대한 투기적이고 레버리지 전략을 추구했으며, 이는 50bp 인하 가능성이 높아졌다고 해석되었을 가능성이 있다.
투자자들은 ProShares Ultra QQQ(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QLD#NYSE">QLD</a>)와 ProShares UltraPro QQQ(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NYSE">TQQQ</a>)를 구매했다. QLD는 나스닥 100의 일일 성과를 두 배로 제공하고, TQQQ는 세 배로 제공한다.
마지막으로, 인기 있는 소형주 펀드인 iShares Russell 2000 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)가 5억 달러 이상의 유입을 받아, 투자자들이 차입 비용 감소로 혜택을 받을 것으로 예상되는 소형 국내 기업들에 대한 관심이 높아지고 있음을 나타냈다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>ETF 이름</th>
<th>1주일 유입 ($MM)</th>
</tr>
</thead>
<tbody>
<tr>
<td>iShares MSCI EAFE Value ETF</td>
<td>$1,135.48</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPLG#NYSE">SPLG</a>)</td>
<td>$820.85</td>
</tr>
<tr>
<td>Vanguard Intermediate-Term Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCIT#NYSE">VCIT</a>)</td>
<td>$818.30</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 Value ETF</td>
<td>$775.06</td>
</tr>
<tr>
<td>VanEck Semiconductor ETF</td>
<td>$717.11</td>
</tr>
<tr>
<td>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</td>
<td>$698.27</td>
</tr>
<tr>
<td>SPDR Gold Shares</td>
<td>$648.41</td>
</tr>
<tr>
<td>ProShares Ultra QQQ</td>
<td>$646.66</td>
</tr>
<tr>
<td>ProShares UltraPro QQQ</td>
<td>$560.15</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF </td>
<td>$552.24</td>
</tr>
</tbody>
</table>
</figure>
지금 읽기:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40903154/13-etfs-to-own-as-fed-set-to-cut-rates-analysts-highlight-utilities-real-estate-and">금리 인하를 앞두고 꼭 가져야 할 13개 ETF: 애널리스트가 유틸리티, 부동산 등을 강조</a></li>
</ul>
이미지는 Midjourney를 통해 생성된 인공지능 이미지입니다.
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iShares MSCI EAFE Value ETF

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