I don't understand why this ETF is down almost 2% premarket this morning. The futures are up slightly, and this ETF is representative of many US indexes, is it not? So why is it down 2% when the futures are up? There is no dividend for this ETF, so that doesn't explain it. Anyone have any ideas? AMEX description of this ETF: http://www.amex.com/?href=/etf/prodInf/EtPiOverview.jsp?Product_Symbol=EFA Thanks for any insights, +-*/ Math_Wiz
EFA is not representative of US indexes. It is representative of Europe, Australia, and the far east.
Well ok, but the biggest world index drop that I see is currently 0.4% (I'm probably not viewing them all, but I'm viewing at least the top ten world indexes), but EFA is down 1.8%. And as I said before, it has no dividend, so why is it down so much? Thanks for your responses, +-*/ Math_Wiz
Most of the ETFS do pay a dividend. Go to the website which deals with these ETFs, its all listed there. Same people were questioning the Proshare ETFs yesterday.
Oh sorry, was looking here at Dividend information http://research.investopedia.com/q.aspx?s=EFA For dividend it said "n/a" which made me think there was no dividend. But right under that it says "Dividend yield 1.5%" which I missed at first glance. Wow, so $1.53 dividend today. Is that quarterly or yearly? Maybe it's a one-time dividend or something? It appears to be 2% of the stock price, but they claim the dividend yield is only 1.5%. Hmmm. I guess I don't understand that. Any answers? Why is the dividend 2% of the stock price but the "dividend yield" is only 1.5%? And is the dividend yearly or quarterly? If the dividend is quarterly, that means they would give out close to 8% per year! So that must not be right, lol. Thanks again all, +-*/ Math_Wiz