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Highlights From New Constructs Investment Research

Best & Worst ETFs & Mutual Funds: Financials Sector

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The Financials sector ranks tenth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 44 ETFs and 234 mutual funds in the Financials sector as of July 10, 2013.

Best & Worst ETFs & Mutual Funds: Financials Sector

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The Financials sector ranks last out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 43 ETFs and 232 mutual funds in the Financials sector as of April 24, 2013.

How To Avoid the Worst Sector ETFs

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Why are there so many ETFs? The answer is: because ETF providers are making lots of money selling them. The number of ETFs has little to do with serving investors’ best interests. Here are three red flags investors can use to avoid the worst ETFs…

ETF Shoppers: Accounting Trickery At Its Worst In Financial Sector

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There are 25 financial sector ETFs. Per Figure 1, these 25 ETFs have drastically different stock holdings and, therefore, allocations. The lowest number of holdings is 24 while the highest is 496.
For starters, investors interested in the financial sector cannot expect many good investment options given that the sector gets my “dangerous” rating and ranks ninth out of the ten sectors that make up the economy. Details are in our sector roadmap report.

Don’t Gamble In Financial Sector ETFs

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The financial sector is one of four sectors to earn our “dangerous” rating and is the worst-ranked sector in the our 3Q11 Sector Roadmap report according to my methodology at New Constructs.

Sell Citigroup Before The Earnings Bubble Pops

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Citigroup is running out of accounting tricks and the stock will continue its slide as investors recognize the company is not as profitable as it wants investors to believe. Our analysis of the financial footnotes of more than 50,000 annual reports means we know more about which companies have the naughtiest and the nicest accounting. And Citigroup is definitely on the naughty list.

Nothing But Ugly Financial Sector ETFs

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We recommend investors short the KBW Bank ETF (KBE) and avoid or sell all other financial sector ETFs. We also rate the investment merit of the top nine financial sector ETFs.