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Strong Finish to 2017

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8 år sedan

den

19 januari, 2018

Redaktionen

Strong Finish to 2017 by VanEck, For the Month Ending December 31, 2017

Performance Overview

International moats, as represented by the Morningstar® Global ex-US Moat Focus IndexSM ( MGEUMFUN, or ”International Moat Index”), trailed the MSCI All Country World Index ex-USA in December (1.75% vs. 2.24%), but finished with full-year outperformance of greater than 3% (30.36% vs. 27.19%). The U.S.-oriented Morningstar® Wide Moat Focus IndexSM ( MWMFTR, or ”U.S. Moat Index”) followed a strong November with positive relative performance in December, toping the broad U.S. markets as represented by the S&P 500® Index (1.66% vs. 1.11%). The U.S. Moat Index finished the year ahead by roughly 2% (23.79% vs. 21.83%).

International Moats: Japan Weighs, Australia and Brazil Boost

Together with several firms from Japan, utilities and telecommunications firms struggled in the International Moat Index for the month. The bottom three performing companies in the International Moat Index were Japanese companies. Nippon Telegraph & Telephone Corp (9432 JP, -10.43%), which owns mobile telephone operator NTT DoCoMo, struggled in December after posting quarterly results generally in line with expectations in November. SoftBank Group Corp (9984 JP, -6.58%) also struggled in December. The company has a wide range of international and e-commerce investments in its portfolio, some of which compete directly with the aforementioned Nippon Telegraph & Telephone Corp. On the other side of the coin, financials and consumer discretionary companies contributed strongly to International Moat Index returns and the Index also received a strong boost from companies in Australia, Hong Kong, Canada, and Brazil. The International Moat Index standout was Brazilian aviation company Embraer SA (EMBR3 BZ, +26.46%), following speculation that Boeing was in talks to buy the company. Shares of Embraer SA shot up and approached Morningstar’s fair value estimate of $26 per share at year end.

U.S. Domestic Moats: Consumer Discretionary Shines

Consumer discretionary companies were the primary driver of strong performance for the U.S. Moat Index in December. While Express Scripts Holding Co (ESRX US, +14.51%) was the top performing index constituent in December, firms such as Lowe’s Companies, Inc. (LOW US, +11.48%), Twenty-First Century Fox Inc. (FOXA US, +8.11%), and L Brands Inc. (LB US, +7.40%) helped consumer discretionary lead the way. Tech firm Veeva Systems Inc. (VEEV US, -8.19%) was the worst performing stock in the U.S. Moat Index after issuing 2019 fiscal year guidance below expectations. The firm provides client relationship management services to the pharmaceutical industry and Morningstar lowered its fair value estimate four dollars to $65 on December 6th. The consumer staples and information technology sectors were the two sectors to detract from index performance, but only slightly.

Important Disclosures

This commentary is not intended as a recommendation to buy or to sell any of the named securities. Holdings will vary for the MOAT and MOTI ETFs and their corresponding Indices.

Liknande ämnen:MOAT MOTI VanEck

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iShares Space Technologies UCITS ETF investera bortom jorden

Publicerad

14 timmar sedan

den

12 juni, 2026

Redaktionen

iShares Space Technologies UCITS ETF

Ticker: STAR, ST4R (Kortnamn kan variera beroende på lokala noteringar)

TER: 0,50 %

ISIN: IE000A9G9R73

Jämförelseindex: STOXX Global Space Satellites and Drones Index

Rymdindustrin befinner sig i en brytpunkt, då tillgången till rymdindustrin skiftar från rent statligt ledda program till en bredare blandning av myndigheter och välkapitaliserade offentliga och privata aktörer.

iShares Space Technologies UCITS ETF (ST4R) fångar hela värdekedjan i denna expanderande rymdekonomi, inklusive snabbare börsintroduktioner, från uppskjutningsleverantörer och återanvändbara tekniker som sänker kostnaden för tillgång till omloppsbana, till satellitoperatörer och de efterföljande tillämpningar som är beroende av rymdbaserad infrastruktur.

Varför ST4R?

Ren tematisk exponering

ST4R investerar i företag som genererar minst 25 % av intäkterna från rymd-, drönar- eller satellitverksamhet, vilket säkerställer en tydlig tematisk anpassning*.

Positionera investeringar i centrum för Artemis-erans ekosystem

ST4R fångar upp företag som drar nytta av den expanderande rymdekonomin, understödd av statliga program, försvarsutgifter och accelererande privata investeringar*.

Snabbspår för ledare

Indexet inkluderar ett snabbspår för börsintroduktion, vilket gör det möjligt att lägga till kvalificerade företag genom ad hoc- eller extraordinära ombalanseringar efter notering.

Handla ST4R ETF

iShares Space Technologies UCITS ETF är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

HÄMTA FONDINFORMATION >

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JIPD ETF delar ut månadsvis

Publicerad

15 timmar sedan

den

12 juni, 2026

Redaktionen

JPM US Equity Premium Income Active UCITS ETF EUR Dist (JIPD ETF) med ISIN IE000RE0SQM6, är en aktivt förvaltad börshandlad fond (ETF). Delfondens mål är att generera inkomst och långsiktig kapitaltillväxt. Delfonden strävar efter att

(i) investera i en portfölj av aktier som huvudsakligen består av företag som har sitt säte i, eller bedriver huvuddelen av sin ekonomiska verksamhet i, USA, och
(ii) sälja aktieköpoptioner och/eller aktieindexköpoptioner för att generera inkomst genom tillhörande utdelningar och optionspremier.

Den börshandlade fondens totala kostnadskvot (TER) uppgår till 0,35 % per år. Utdelningarna i ETFen delas ut till andelsägarna månadsvis.

JPM US Equity Premium Income Active UCITS ETF EUR Dist är en mycket liten ETF med 25 miljon euro i förvaltat kapital. ETFen lanserades den 6 november 2025 och har sitt säte i Irland. Denna ETF använder sig av fysisk replikering. Den börshandlade fonden använder sig av fysisk replikering.

Handla JIPD ETF

JPM US Equity Premium Income Active UCITS ETF EUR Dist (JIPD ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
Xetra	EUR	JIPD
Borsa Italiana S.P.A.	EUR	JIPD

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Quantum computers can’t break bitcoin. Yet.

Publicerad

16 timmar sedan

den

12 juni, 2026

Redaktionen

21Shares have published a new report examining what the quantum threat actually looks like for digital assets, including the timeline, the potential exposure, the prep required, and what this all might mean for asset allocators.

The exposure is larger than most appreciate. Between 4 million and 6.9 million bitcoin have permanently visible account numbers, aka public addresses and public keys, making them vulnerable to a quantum attack. Nearly every active Ethereum account and every Solana account face the same structural exposure.

The timeline shifted in March. On March 31, Google’s quantum team, alongside researchers from the Ethereum Foundation and Stanford, published findings showing the computing power needed to break this encryption is around 20x lower than the field previously believed.

You can’t prepare adequately for a quantum break if you determine that one is six months or a year ahead. You have to act before there’s a real perceived risk – but by definition that means sounding the alarm ’too early’.

The good news is that network preparation is further along than most investors realize. Bitcoin took its first step in Feb 2026 with the merger of BIP-360, a quantum-resistant address proposal. Ethereum has working code and ten independent teams building toward network migration. Solana has a path most observers have missed entirely.

The window is narrowing, but it hasn’t closed. Download full report

Follow for more quantum content.

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Research Newsletter

Each month the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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