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TrimTabs
- Press Release - Nov 9, 2004 Santa Rosa , CA – November 9, 2004 – TrimTabs Investment Research has launched a new daily research product, TrimTabs Exchange Traded Funds, which enhances its stock market liquidity product line. TrimTabs now tracks the net issuance in all exchange traded funds (ETFs) daily, in addition to TrimTabs Mutual Funds Flow and TrimTabs Daily Liquidity. “We want our current and future subscribers to have all the strategic tools they need from us to better understand flows in and out of the market, as well as the actions of corporate investors,” stated Charles Biderman, President. “There’s been a lot of buzz about ETFs and we think they fit in perfectly with our product line because we find a real synergy between the study of ETF flows and traditional fund flows vs. what corporate investors are doing,” he added. ETF investing has attracted a disproportionate amount of new money relative to traditional funds. TrimTabs Director of Research, Carl Wittnebert, puts yesterday’s flows at $980 million into U.S. equity ETFs, and $508 million into Global/Int'l. The new TrimTabs publication tracks ETFs by market segment and individual ETF (e.g., Diamonds, Spyders and Cubes) reporting daily, weekly, monthly, and quarterly flows. “Tracking daily flow allows us to easily monitor the preferences of ETF investors for growth vs. value, or large cap vs. small cap, for example,” said Wittnebert. Week-to-date Flow : During the week ended Friday, November 5, U.S. equity ETFs posted an inflow of $2.4 billion ($500 million daily), which followed an inflow of $2.0 billion ($400 million daily) during the previous week. To put these hefty inflows into perspective, U.S. equity ETFs posted an inflow of $3.4 billion in the month of October and $2.6 billion in September. Month-to-date Flow : Net issuance for domestic ETFs was $14.7 billion for May through October 2004, according to Wittnebert, representing 9.5% of fund assets. By comparison, traditional funds tracked by the Investment Company Institute (ICI) had an inflow of $21.8 billion for the same period, or 0.5% of assets, a figure which includes TrimTabs estimate for October results. No Fees for 30 Days : TrimTabs offers a review of the ETF product at no cost for 30 days via their website www.TrimTabs.com. # # # Monthly Table, Sample Research, and Executive Photo Available Upon Request TrimTabs Investment Research is the only independent research service that publishes detaileddaily coverage of U.S. stock market liquidity, including mutual funds and Exchange Traded Funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors – including hedge fund managers, market strategists, and portfolio managers – with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market. For sample research and subscriptions, visit www.TrimTabs.com. Charles
Biderman |