Bogle: Play Through The Recession

Vanguard founder John Bogle is the subject of a Q&A with the Associated Press. Nothing really new here except that the story's headline plays up the fact that the indexing pioneer seems to think that the recession could last 18 months to two years before things get better.

But the gist of the icon's comments is basically to play through the downturn, no matter how long it lasts. Bogle actually makes a pretty good argument for using such downdrafts to buy shares of the indexes you like at lower costs. Smart investors can wind up benefitting in the long run from such periods if they remain disciplined and focused, according to Bogle.

Have you ever read anything you didn't like from this guy? Check out the article here.

 

PIMCO A Key Player In Bailout Plan For Automakers?

General Motors may ask unsecured debt holders

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Market consolidation continues as AMEX and NYSE merge, shuffling some issues and creating different platforms for individual investors. 

While many Americans may be moving in with relatives as a result of the housing crisis, the 38 Vanguard exchange-traded funds are set to begin rooming, listing and trading together, due to the acquisition of the American Stock Exchange by NYSE Arca.

The consolidation of all Vanguard ETF trading on NYSE Arca will commence this Friday morning.

There are already four Vanguard ETFs—Vanguard Mega Cap 300 ETF, Vanguard Mega Cap 300 Growth ETF, Vanguard Mega Cap 300 Value ETF and Vanguard Total World Stock ETF—trading on the NYSE Arca.

There have been many recent "housekeeping" moves in the ETF market as a result of the acquisition of AMEX by NYSE Arca. In at least one respect, the move of the AMEX-listed ETFs to NYSE Arca represents an important historical footnote for the

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Allied Motion Technologies (AMOT) is a maker of motion control products such as brushless and brush direct-current (DC) motors, drives, and control electronics. Customers of Allied Motion Technologies include companies from the semiconductor manufacturing, industrial automation, medical equipment, and military and aerospace markets. The company also manufactures optical encoders used to measure rotational and linear movements of parts in diverse applications, such as printers, sorting machinery, machine tools, robots, medical equipment and tunable lasers.

Allied Motion Technologies also makes spectrum analyzers for use in the aerospace and defense, industrial, computer peripheral manufacturing, medical and telecommunications markets. The Colorado-based company distributes its products through its sales force, independent sales representatives, agents, and distributors primarily in the United States, Canada, and Europe. The company has manufacturing facilities in California, Michigan, New York, Oklahoma, Eastern Europe and China.

Competitors to Allied Motion include Axsys Technologies Inc., Dynamics Research Corp. and privately held Custom Sensors &

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European ETF market is still well behind US. By the end of 2007 assets in European ETF bln vs US $581 bln. Nevertheless European assets grew by 43% last year. In terms of issues 423 vs 601. Even thought ETF is the fastest growing retail investment product ETF market makes up only 5% of mutual funds assets in US. In Europe the number is even smaller, around 2%.Equity based ETF are the most popular. In Europe it's about 80% of the market and in US 90%. Bonds are glamour ETF in Europe.Worldwide leading issuer is Barclays Global Investors (BSC), iShares. In US followed by State Street Global Advisors, Vanguard, Power Shares, ProShares and others. In Europe first position again for Barclays, then Lyxor and Deutsche Bank (DB) with rapidly growing db x-trackers.Ten top ETF...

The ETF market is looking crowded in terms of numbers and diversity of funds, and the number of ETF sponsors. However, the market shares are highly concentrated with a steep gradient of fund sizes and sponsor market shares.

As of April (according to score keeping by Vanguard) the top ETF sponsors by asset market share were:

#1 Barclays: 53.0% (iShares & iPathETNs) http://www.ishares.com http://www.ipathetn.com

#2 State Street: 24.8% share (SPDRs) http://www.ssgafunds.com

#3 Vanguard: 8.0% share (Vangurd) http://www.vanguard.com

#4 Invesco: 6.5% share (Power Shares) http://www.invescopowershares.com

#5 ProFunds: 2.8% share (ProShares) http://www.proshares.com

#6 Merrill Lynch: 1.1% share (Holders) http://www.holdrs.com

#7 Rydex: 1.0% share (Rydex Funds & Currency Shares) http://www.rydexfunds.com http://www.currencyshares.com

The top four sponsors have 92+% market share.  The top seven sponsors have 97+% share.  All the rest divide less than 3% between them.

Richard

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ETF market is booming. Let's have a look which ETF are currently the biggest in terms of assets value. SPY is still leading and has also biggest nominal increase year on year basis. Among top 10, the highest percentage assets increase has been seen for Emerging market EEM (63%). Followed by Gold GLD 51%.That's where ETF money had flowed in last 12 months. ETF Ticker Assets ($ mil) SPDR Index 500 (SPY) 75,121 iShares MSCI-EAFE (EFA) 47,363 ...