EG Shares Adds Blue Chip ETF (BCHP); iShares Debuts Yield-Optimized ETF (BYLD)

U.S. equities got off to a relatively good start this week, bolstered by upbeat corporate earnings. Halliburton, Hasbro, United Technologies, Travelers, and Comcast managed to beat analysts’ EPS and revenue estimates. On Wednesday, however, markets turned lower after new-home sales for March declined 14.5% to a seasonally adjusted annual rate of 384,000; analysts were expecting a rise of 2.3% [see also 101 #ETFFunFacts]. On the ETF front, EG Shares and iShares debuted two new funds this week; an emerging market twist on blue chip stocks, and an “optimized yield” fixed income fund. Access Emerging Markets with Blue Chips EG Shares debuted its Blue Chip ETF , which began trading on April 23. The fund tracks the EGAI Developed Markets Blue Chip EM Access Index, an equally-weighted 30-stock index designed to measure the market performance of developed market companies that have quality, meaningful, and growing revenue from emerging markets. Currently more than 30% of BCHP’s [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts