Credit Suisse, STOXX and First Trust with new research and offerings
Credit Suisse’s Quantitative Equity Research has identified the ETFs with the highest hedge fund ownership and those that are most heavily shorted. The report shows that alternative asset managers strongly favour the SPDR S&P Oil & Gas EFT (30%) and SPDR S&P Retail ETF (19%). Credit Suisse’s research points out that these ETFs also have the greatest percentage of shorts. Making an appearance in the top holders’ list among hedge funds and the percentage of shares held by those funds are GDX Market Vectors Gold Miners (14%); Ishares DJ US Real Estate (13%), SPDR KBW Regional Banking ETC (12%), and SPDR S&P Homebuilders ETF (12%). www.credit-suisse.com
STOXX600 has introduced its currency-hedged strategy benchmark aimed at investors seeking exposure to the STOXX Europe 600 Index. Called the STOXX Europe 600 Hedged EUR Index it aims to reduce the risk of currency fluctuations.
First Trust has launched the first ETF based on the ‘cloud computing’ industry. Listed on the NASDAQ, the fund is based on the ISE Cloud Computing Index which is a modified equal-dollar weighted index designed to provide a benchmark for investors who want to track companies involved in the cloud computing industry.
Cloud computing is a growing area of technology which allows users to file and retrieve their documents, software or media from any internet device, from a “cloud store” rather than have such data kept on the device itself.
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