Tel Aviv Disrupt may carry Israel to MSCI Europe ETFs

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BrokerDealer.com blog post courtesy of extract from ETFTrends.com and Tom Lydon

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In an attempt to gain acceptance into broad MSCI Inc. (NYSE: MSCI) Europe indices, and potentially into related exchange traded funds, Israel’s Tel Aviv Stock Exchange could end its Sunday open schedule and switch over to Western trading days.

Julien Assous, chief executive officer of Israel Brokerage & Investments and a member of the TASE board of directors, revealed that the bourse is considering changing the exchange’s Sunday-to-Thursday trading days, following feedback from MSCI about potential hurdles for wider acceptance, reports Gabrielle Coppola for Bloomberg.

The TASE board is contemplating shifting open days to a Monday-through-Friday schedule. Continue reading →

A Missed Step for Brazil ETFs

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BrokerDealer.com blog post courtesy of extract from ETFTrends.com and Tom Lydon

 

 

Give the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) some credit.

The largest exchange traded fund tracking Brazilian equities rose nearly 1.4% Monday, although volume was light, despite news that President Dilma Rousseff improved her showing in a recent poll.

Teneo Intelligence notes that “Rousseff’s approval rating has actually increased from 34 to 38% – a level that tends to auger very well for incumbents a couple of months before elections,” reports Dimitra DeFotis for Barron’s.

Financial markets have overtly displayed a preference for any candidate not named Rousseff ahead of Brazil’s October elections, typically pushing EWZ noticeably higher on days when polls are released showing waning support for the incumbent. That trend was bucked Monday when EWZ gained despite news of increased support for Rousseff.  Continue reading →