HDMV News and Press, First Trust Exchange-Traded Fund III Horizon Managed Volatility Developed International From 09/25/20

The weak trend in global trade and growth will not be enough to support risky assets such as equities in the coming months. The recent 10%+ consolidation in equities clearly shows how vulnerable is the market currently 'without' central banks and governments' help. Leading indicat...

The upsurge in forward PE multiples to decade highs since March, particularly in the US, has raised legitimate concerns about the risks of elevated valuations. With few exceptions, global sector forward PE multiples have also reached some of the highest absolute levels in 10 years. ...

The US has not been alone in falling back below its 50-DMA. With weakness in equities around the globe since the start of the month, the average global stock market is 2.43% below its 50-DMA. That is the lowest reading since April. For further details see: Mean Reversion...

First Trust Horizon Managed Volatility Developed International ETF (HDMV) declares $0.0951/share quarterly dividend, -24.9% decrease from prior dividend of $0.1266.Forward yield 1.33%Payable Sept. 30; for shareholders of record Sept. 25; ex-div Sept. 24.See HDMV Dividend Scorecard, Yield Char...

Six of eight indexes on our world watch list posted losses through September 21, 2020. The top performer is China's Shanghai with a gain of 8.75%. Our own S&P 500 is in second with a gain of 1.24% and in third is Tokyo's Nikkei 225 with a loss of 1.25%. Coming in last is Londo...

The current environment certainly opens up a lot of opportunities for fundamental value, and it also forces a lot of navigation. Emerging markets have great potential to bounce back as the world economy recovers and as oil demand comes back online. We certainly look a lot at emerg...

The decisive rebound in the EPS revision cycle from the pandemic lows in June has provided much of the firepower behind this summer's risk rally. The downtrend in 2020 EPS forecasts appears to have bottomed, while 2021 numbers have swung higher. With hopes for a robust EPS recover...

Aggressive central bank purchases of government bonds in the US, Europe, Japan and the UK allow governments to issue more debt and suppress the cost of that debt, which has a very powerful effect. Perhaps the new adage should be, "Don't fight the Fed and the Treasury." China is sh...

Despite increasing fears of a second wave of COVID-19 infections, consensus 2020 earnings forecasts have remained stable over the past 4 weeks. The COVID-19 downgrade cycle appears complete on a global basis, provided widespread second lockdowns can be avoided. Exhibit 1: Global COVID-19 dow...

The pandemic has turbocharged the deglobalization process towards increasing protectionism around the world. Anthony Okolie talks with Sohaib Shahid, Senior Economist, TD Bank, on the risks inward-looking policies may pose to the global economic recovery and geopolitical stability. Or...