24/7 Wall St. » DAX

Asia Markets And Europe Open (3/12/2010)

247wallst — Fri, 12 Mar 2010 08:27:11 +0000

Markets in Asia were mixed.

The Nikkei rose .8% to 10,751.

The Hang Seng was down .1% to 21,208.

The Shanghai Composite was down to 3,013

At the open in Europe, the FTSE rose .2% to 5,628. The Dax was higher by .2% to 5,943. The CAC was up .1% to 3,912.

Data from MarketWatch and Reuters.

Douglas A. McIntyre

Filed under: International Markets Tagged: CAC40, DAX, FTSE, Hang Seng, Nikkei

Asia Markets And Europe Open (3/11/2010)

247wallst — Thu, 11 Mar 2010 08:27:10 +0000

Markets in Asia were slightly higher.

The Nikkei rose 1% to 10,685. Sony (SNE) moved higher.

The Hang Seng was up .1% to 21,228.

The Shanghai Composite was up .6% to 3,051.

At the open in Europe, the FTSE was down .2% to 5,628. The Dax was off .3% to 5,921. The CAC 40 dropped .5% to 3,925.

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Filed under: International Markets Tagged: CAC 40, DAX, FTSE, Hang Sent, Nikkei, Shanghai Composite, SNE

Asia Markets And Europe Open (3/10/2010)

247wallst — Wed, 10 Mar 2010 08:24:37 +0000

Msrkets in Asia were narrowly mixed.

The Nikkei rose a fraction to 10,564. Toyota (TM) fell.

The Hang Seng rose .1% to 21,219.

The Shanghai Composite was down 1% to 3,050.

At the open in Europe, the FTSE dropped .2% to 5,592. Barclays (BCS) fell. The DAX was off .2% 5,876. The CAC 40 fell .1% to 3,606.

Data from MarketWatch and Reuters.

Douglas A. McIntyre

Filed under: International Markets Tagged: CAC 40, DAX, FTSE, Hang Seng, Nikkei

Another Group of ETF’s Bite The Dust (NTRS, AUS, BRU, SNO, FRC, DAX, HKG, IQE, TAV, ITL, TYI, AEX, LIS, SGT, JNB, LDN, MYG, JRE)

247wallst — Tue, 27 Jan 2009 14:19:40 +0000

Northern Trust Corp. (NASDAQ: NTRS) has announced today that the group plans to close the Northern Exchange Traded Shares (NETS) used to track single country investments on February 20, 2009. These funds were launched just last year and the press release said that these had only approximately $33 million in assets. You can imagine the reasoning. Market conditions, inability to raise funds or significant interest….

The following NETS trade on NYSE Arca, and February 9, 2009 will be the last trading day of these funds:

Operational Funds                                                 Symbol
NETS(TM) S&P/ASX 200 Index Fund (Australia)       AUS
NETS(TM) BEL 20(R) Index Fund (Belgium)             BRU
NETS(TM) Hang Seng China Enterprises Index Fund SNO
NETS(TM) CAC40(R) Index Fund (France)                FRC
NETS(TM) DAX(R) Index Fund (Germany)                   DAX
NETS(TM) Hang Seng Index Fund (Hong Kong)          HKG
NETS(TM) ISEQ 20(TM) Index Fund (Ireland)             IQE
NETS(TM) TA-25 Index Fund (Israel)                         TAV
NETS(TM) S&P/MIB Index Fund (Italy)                      ITL
NETS(TM) TOPIX(R) Index Fund (Japan)                   TYI
NETS(TM) AEX-index(R) Fund (The Netherlands)       AEX
NETS(TM) PSI 20(R) Index Fund (Portugal)                LIS
NETS(TM) FTSE Singapore Straits Times Index Fund SGT
NETS(TM) FTSE/JSE Top 40 Index Fund (South Africa) JNB
NETS(TM) FTSE 100 Index Fund (United Kingdom)    LDN
NETS(TM) FTSE CNBC Global 300 Index Fund          MYG
NETS(TM) Tokyo Stock Exchange REIT Index Fund    JRE

This decision was made after consulting with the internal investmentadvisory group Northern Trust Investments, N.A., which is theinvestment advisor to the 17 funds.

Any shareholders who still hold shares after the delisting date will beentitled to receive cash in a distribution amount that is the same asthe determined net asset value determined on February 20.

This is the beginning of the end for Northern trust in the ETFbusiness. It’s press release is even titled "NORTHERN TRUST TO EXITETF BUSINESS." ETF’s are a great tool when they are liquid and whenthey are well known or offer a specific goal. But there are many ETF’son the market which have no business being listed as tradinginstruments because they are too complex, too illiquid, or toodifficult to understand.

As small as the ETF’s are, this is a non-event for Northern Trust stock. But it will be a black eye against it if it wants to go back into exchange traded vehicles. It also serves as a warning to other ETF or ETN launches if the vehicles are going to be too complicated or if they will have a hard time raising ample capital.

Jon C. Ogg
January 27, 2009

Posted in ETF, Financial Stocks Tagged: AEX, AUS, BRU, DAX, FRC, HKG, IQE, ITL, JNB, JRE, LDN, LIS, MYG, NTRS, SGT, SNO, TAV, TYI

ETF Launch: NETS DAX Index Fund (DAX, NTRS)

247wallst — Mon, 14 Apr 2008 10:34:08 +0000

The American Stock Exchange has launched an ETF called the NETS DAX Index Fund by Northern Trust Global Investments, an arm of Northern Trust Corp. (NASDAQ: NTRS) today. The exchange traded fund will track the German equity market and will be composed of the 30 largest and most active companies on the Frankfurt Stock Exchange. The specialist for the DAX is Susquehanna Investment Group, and this is now listed as NETS DAX INDEX FUND (AMEX: DAX).

This is the third Northern Trust international based index to trade on the Amex, with the first two being tied to UK and Australia, launched April 9. Around April 16, three more internationally indexed ETFs will begin trading in Hong Kong, Japan, and France.

The NETS DAX hasn’t moved much today, sitting back at the opening price of $24.60 in early trading on extremely thin volume of 400 shares. Northern Trust Corp. is down $1.22 to $66.00 today.

Rachel Lopez
April 14, 2008