|
|
 |
MasterDATA's
Index / ETF Compilation List |
 |
|
|
|
| |
|
Currently,
MasterDATA compiles composite breadth data on 31 major
indexes and the 111 most actively traded Exchange Traded
Funds (ETFs). Daily data period web site charts,
reports and historical datafiles are updated hourly during
the trade session as well as end of day. Weekly, monthly
and quarterly data periods are updated end of day.
Click on any issue name or symbol for a composite
breadth report and numerous charts.
|
|
|
|
For details on the latest index
and ETF additions and deletions
to MasterDATA's Compilation List, please click here. |
|
|
|
|
MasterDATA
currently compiles historical composite breadth
data on ETFs meeting the following criteria:
|
|
► |
MasterDATA reviews
the list of U.S. Stocks ETFs quarterly for changes
in the top 111 trade volume ETFs. Adjustments
to the Compilation List will be made when such
changes are identified and the following criteria
is met. Indexes and ETFs must fail to
trade in the top 111 ranking for two
consecutive quarterly periods.
Therefore, the minimum duration for
appearing on MasterDATA's Compilation List
is six months.
|
|
► |
All constituent issues must
be listed on the NYSE, AMEX or NASDAQ exchanges.
Issues may additionally trade on any other exchange(s).
|
|
► |
All constituent issues must
be stocks. Those ETFs based on the price
of a specific commodity (gold, oil, interest
rates etc.) or those containing debt instruments
(government bonds, corporate bonds etc.) will
be excluded at the present time (ProShares and
some Rydex ETFs are exceptions - See below).
|
|
► |
The ETF sponsor must provide
a readily accessible, up-to-date constituent
list including ticker symbols for each issue.
|
|
► |
Of the ETFs meeting the above
criteria, only ETFs ranking in the top 111 ETFs
as measured by average daily trading volume
will be included. These qualifying ETFs
will be added the first weekend of each month.
|
|
► |
An ETF falling out of the
top 111 top trade volume ETFs for two consecutive
months will be deleted. This means
that an ETF on MasterDATA's Compilation List
will remain on the list for a minimum of two
months. This also means that our compilation
list will number in excess of 111 ETFs on a
continual basis.
|
|
|
|
Vanguard
continues making it difficult, and often impossible, to obtain
current constituent lists for their ETFs. .In the worst
cases, they recently stopped supplying a current list at
all. At the present time, Vanguard's ETFs are all
index based. In an effort to meet the needs of
investors using composite breadth data, MasterDATA will
begin using the index constituent list rather the
constituent list for the Vanguard ETF itself.
Generally, the lists are very similar, if not identical.
This change in source data for their constituent lists
will be implemented over the next few weeks. |
|
|
|
Editorial Note:
Vanguard is the only ETF sponsor that refuses to provide
current constituent lists to investors. The effect is to make the playing field
biased in favor of certain large investor types (willing
to pay for the lists) at the
expense of the majority of investors. In today's
world, this is simply wrong. More than ever, the
playing field must be level. If you agree, please
let Vanguard know your opinion, by
clicking here.
|
|
|
|
ProShares,
Direxion
and some Rydex ETFs are a "leveraged" and/or "reciprocal"
version of several widely followed stock indexes such as
the Dow Jones Industrial Average, S & P 500 Index, NASDAQ
100 Index and Russell 2000 Index. Their structure
often requires the use of futures contracts and / or Swaps,
neither of which qualify under MasterDATA's qualification
criteria. Performance of the ProShares, however, generally
achieves their stated objective and makes these ETFs very
attractive to investors and traders capable of incurring
the higher risk in these funds. For that reason, we
include ProShares qualifying as ranked by trading volume.
composite breadth data for the underlying index is included
in the historical datafiles for these ETFs along with the
actual trade prices and volume of the ProShares or Rydex
ETF itself.
|
| |
|