The Euro MTS AAA Government index reproduces the evolution of a basket of bonds in the Euro zone which are AAA rated ...
Day By Day – Indipendent Research
Sign up for our weekly Newsletter and receive the latest ETF and ETC news.
(or the equivalent, according to the agencies). All the maturities are represented. Today, the countries whose debt is represented are Germany, France, the Netherlands, Finland and Austria. It presents, in the medium-term, a sustained bullish dynamic, built by the support of the 50-day moving average. After retracing 50% of the rise, prices have now resumed their forward march. We are therefore bullish in the medium-term.
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||179,6 / 181,7 pts|
|Supports||175,63 / 173,17 pts|
We are positive in the short-term and look forward towards the previous peaks at 181.70, with an intermediate target of 179.60 points.
We set the invalidation threshold for this positive scenario slightly below the support at 175.63 points.
|Traker’s Name||Leverage||Expense ratio|
|AMUNDI ETF AAA GOVT BOND EUROMTS||x1||0,14%|
|LYXOR ETF EUROMTS AAA GOVERNMENT BOND||x1||0,17%|
Follow-up Analysys: Our DBD Tracker dated 18/07/2011 recommended the purchase of the S&P GSCI All Metals Capped. Since then, prices are approaching our target at 384.10 points, or a performance of 2.3%.
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext®, trackers®, are registered marks of NYSE Euronext.
Source: ETFWorld – Day By Day – Indipendent Research