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

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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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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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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>

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