...in the ETF industry–we now have close to 1,200 U.S.-listed exchange-traded products with aggregate assets approaching $1.1 trillion–has been attributable to “passive” products; those that seek to replicate the benchmark of an index.
...Cap ETF (RSXJ) last week (4/14/11). RXSJ is the first US-listed fund to target Russian small cap stocks. The underlying index from 4asset-management includes companies in the bottom 10% of market capitalization and incorporated in Russia, or that generate the majority of their revenue in Russia.
...yield convert ETF, from 2007 (ie, 1/1/2007) to present. Note the return is basically zero. I pulled 39 High Yield ETFs, and their average return from 2007 to present has been about 21%, and is the same whether I equal-weight or value weight them, and note these have a survivorship bias in them, in that I am not using all extant funds
Global X Proposes Two MLP ETFs
...growing ETF issuer known for its lineup of commodity-focused funds, announced more plans for expansion in the space with the filing for two new MLP ETFs. If approved, the new funds would mark Global X’s first move into the increasingly popular space that has attracted billions of dollars over the last few years.
...ETF) that will track the smaller companies in the Russian market. The Market Vector Russia Small-Cap (NYSEArca: RSXJ) will give targeted exposure to the Russian consumer market,
...a new ETF yesterday (4/13/11) targeting the Waste Management industry. Global X Waste Management ETF (WSTE) will seek to track an index with one-third allocations to Hazardous Waste, Non-Hazardous Waste, and Recycling stocks. The fund has an expense ratio of 0.65% and consists of 28 holdings.
...investing in ETFs. But I think that they could have been quite a bit stronger: Malkiel's criticism is a little bit off-base.
The Longview of Copper Prices with John Gross – Part Two
(This is Part Two of a two-part series. Read Part One here.) METALMINER: Simon Hunt recently said in an interview that most of the copper consumption in recent years has been due to financial investment rather than industrial purposes;
...ETF) that tracks the movement of the Brazilian real against the U.S. dollar has soared this week despite an attempt to cool the currency’s rise. Brazil this week said it would extend a tax on offshore dollar loans. WisdomTree Dreyfus Brazilian Real Fund
ProShares Introduces Additional Inverse Treasury ETFs
...two new ETFs providing inverse exposure to U.S. Treasury securities and allowing investors to potentially profit from rising interest rates. The ProShares UltraShort 3-7 Year Treasury (TBZ) becomes the first U.S.-listed ETF to provide inverse exposure to the 3-7 year segment of the U.S. Treasury market, and it does so with -2x leverage.
...China Industrials ETF (NYSEArca: CHII). The article notes CHII grants exposure to the industrials sector in China, investing in equities that are either domiciled in China or
...Vectors Russia ETF (NYSEArca: RSX) recently crossed two major thresholds. Earlier this week, the exchange traded fund (ETF) set a new 52-week high as Russian stocks advanced. Also, the fund has garnered over $4 billion in assets under management since its 2007 inception.
4 Commercial Real Estate ETFs to Watch
...REIT Index ETF (VNQ) and the iShares Cohen & Steers Realty Majors (ICF).
Seven Best ETF Performers Of Q1 (And Five Of The Worst)
...edition of ETF Edge, the ETF newsletter available to ETFdb Pro subscribers, is now available.
Macro-Factor Relative Strength
...or ETF) to various factors, and then look at the relative strength of those factors to generate a dynamic score. In this case, thanks to the world of ETFs this is very easy to do. I
...Focus Morningstar ETFs launched on Wednesday dropped by as much as 98 per cent after a human processing error at Knight Capital Americas, a market maker for the ETFs.
April 1, 2011 – Vietnam is a Paradise for Demographic Investors
...Vectors Vietnam ETF 4) Vietnam is a Paradise for Demographic Investors. Now that we have figured out that Vietnam is a great place to invest, take a look at the Van Eck Groups Vietnam Index Fund (VNM).
April 1, 2011 – Why I’m Avoiding Japan Like the Plague
...Japan iShares ETF 2) Why I’m Avoiding Japan Like the Plague. Now look at the world’s worst population pyramid, that for Japan (EWJ).
Focus On Latin America ETFs: Q&A With Bruno del Ama
...providers of ETFs that target the Latin America market, with six South American funds in total including products tracking the individual economies of Colombia (GXG) and Argentina (ARGT).
FocusShares Debuts 15 Low Cost ETFs
...equity ETFs that are among the cheapest exchange-traded products available. The new products, which include both market cap-specific and sector-specific funds, are all linked to indexes developed and maintained by Morningstar. The new FocusShares ETFs include: Name Ticker ER Focus Morningstar US Market Index ETF FMU
...our resident ETF expert, Izabella Kaminska, has been spot on about the inflows to Japan-focused ETFs. Now comes confirmation of the sheer scale and speed with which foreign investors piled into Japanese stocks in the wake of the March 11 earthquake and tsunami
Announcing The Free Head-To-Head ETF Comparison Tool
...available from ETF Database is the free Head-To-Head ETF Comparison Tool, an analytical resource that allows investors to quickly and easily compare two ETFs side by side and analyze how potential investments stack up in terms of holdings, performance, technical strength, and other descriptive metrics.
...Are Bond ETFs Broken?]: 3x German Bund Futures ETN (BUNT): Designed to deliver monthly returns that correspond to 300% of the change in the DB USD Bund Futures Index [see BUNT fact sheet]. German Bund Futures ETN (BUNL):
Wednesday links: definitive statements
...the biggest ETF myths. (Kid Dynamite) When market makers step away from ETFs during a crisis. (FT Alphaville, IndexUniverse) How different index weighting schemes can create very different returns (and costs). (IndexUniverse)
...the Coal ETF (KOL) after featuring ARLP last week as a strong stock. I follow ~40 ETFs for my core portfolio and another ~100 for “reference.” KOL is one of the reference
Sunday links: intermediate interest
...ETF Replay) Finance Traders are trying to “correlate everything against everything.” (The Alantic via kottke, Global Macro Monitor) Goldman Sachs (GS) is kicking Warren Buffett to the curb.
Who’s been buying Japan like crazy?
...ETFs) on the market: The majority of net inflows into U.S. domiciled funds focused on Japanese stocks was absorbed by the iShares MSCI Japan fund, an exchange traded fund that has taken in fresh cash in 14 out of the last 15 weeks. The MSCI Japan fund pulled in a record net $860.6 million, more than 5-1/2 times
...Wind Energy ETF
...ETF) hang in there? It seems that the action might not take long to pick up, as the majority of analysts and bankers feel certain spring will bring more life to the IPO...
...The EWJ ETF—this is in US$ I believe whereas the Nikkei is in Yen—which tracks a slightly different index, the MSCI Japan index, hasn't fallen as much.
Van Eck Launches Colombia ETF (COLX)
...frontier market ETFs, announced today the latest addition to its product lineup. The Market Vectors Colombia ETF (COLX) will seek to replicate the Market Vectors Colombia Index, a benchmark that consists of companies either domiciled and primarily listed on an exchange in Colombia or generating at least 50% of their revenues in Colombia.
Concern Over Japan’s Smelters Drags Down Copper ETFs
...ETFs) have been dragged down on concerns that the massive quake in Japan could have affected the country’s ability to smelt copper.
Global X Debuts Pure Gold Miners ETF (GGGG), Oil ETF (XOIL)
...of its ETF lineup on Tuesday, announcing the launch of two funds offering exposure to companies engaged in the extraction and production of widely-traded commodities. The Pure Gold Miners ETF (GGGG) will seek to replicate the Solactive Global Pure Gold Miners Index, while the Oil Equities ETF (XOIL) is linked to the Solactive Global Oil Equities..
...an ETF doing the same thing would probably generate more taxable distributions. The standard ETN counterparty risks remain, however. I will watch CSMB to see how it does, but for now I am still a fan of Merger Fund (MERFX). Credit Suisse will assess buyers an annual investment fee of 0.55% and a leverage charge of 1 month LIBOR +
...of the ETF industry, as the surge in the number of ETF offerings in recent years has been driven not by duplication but by innovation. Many of the new fund launches are first-to-market concepts, offering exposure to asset classes or strategies not previously available within the ETF wrapper.
BKLN: The First Senior Loan ETF
...the first ETF to offer exposure to senior bank loans, though several mutual funds already cover the niche with what are often called “floating rate” funds.
ETF Spotlight: PowerShares DB Energy (DBE)
...ETF Spotlight on PowerShares DB Energy (NYSEArca: DBE), part of a weekly series. Assets: $254 million Objective: Aims to track the Deutsche Bank Liquid Commodity Index – Optimum Yield Energy Excess Return Holdings: DBE is a rules-based index made up of futures contracts on oil, heating oil,...
...Argentina 20 ETF (ARGT) began trading last week (3/3/11), becoming the first fund to target the country. The underlying FTSE index measures the performance of the top 20 companies headquartered in Argentina or which have substantial revenues or assets there.
The Inner-Workings of Dividend ETFs
...the first ETF offering exposure to a corner of the credit market known for low sensitivity to interest rate changes. BKLN will seek to replicate the S&P/LSTA U.S. Leveraged Loan 100 Index, a benchmark designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads
ETF Providers Find a Way Around SEC Moratorium
...ETFs) that use derivatives, but fund providers are adapting and will soon offer leveraged ETFs structured as “commodity pools.” An example: Factor Advisors...
...breed of ETF. Factor Advisors, a New York-based asset management firm, announced (press release) the launch of FactorShares, the first family of “spread” ETFs. A spread is a type of trade in which one simultaneously holds both bullish (long) and bearish (short) positions in different securities or markets.
Schwab’s ETF Select List Dumbs It Down
...ETF) selection process for investors who are overwhelmed by the sheer number of choices available these days. The ETF Select List gives investors a choice of low-cost, pre-screened ETFs that represent 48 asset...
Feb 25, 2011 6:45 PM
Feb 28, 2011 1:10 AM
as Light Sweet Crude Oil, traded on the NYMEX. Unlike many of the ETFs in the Oil & Gas ETFdb Category,...
from ETF Database - Feb 26, 2011 1:03 AM
Feb 24, 2011 10:20 AM
...ETFs) A settlement has been reached under which PowerShares will voluntarily change the ticker symbols of its nine S&P SmallCap Sector ETFs. The...
from ETF Trends - Feb 20, 2011 4:10 PM
Feb 22, 2011 10:02 AM
...expanding ETF lineup on Thursday, launching the FTSE ASEAN 40 ETF (ASEA). The new fund seeks to replicate the FTSE/ASEAN 40 Index, a benchmark that is made up of the largest companies in the original five ASEAN countries: Indonesia, Philippines, Singapore, Malaysia, and Thailand. Feb 20, 2011 5:01 PM
New York fund manager launches first exchange-traded fund focused on Asean region, reflecting what some see as the emergence of a new asset class Feb 17, 2011 1:03 PM
The exchange traded note (ETN), iPath DJ-UBS Cotton (NYSEArca: BAL), Feb 16, 2011 10:11 PM
The company recently made an SEC filing detailing plans for a China bond ETF. Feb 16, 2011 10:03 AM
...although the ETFs themselves have drawn a lot of media attention, it’s still relatively a small part of the industrial supply/demand equation. Feb 14, 2011 12:53 PM
Feb 12, 2011 12:22 AM
Feb 11, 2011 5:48 PM
...ETF Stripping". Considering the methodology involved you would need to have a super good prime broker (hello vampire squid) to pull this off, since you'd need to borrow short a whole lot of inventory but essentially here is the game. Feb 10, 2011 5:38 PM
Feb 9, 2011 11:01 PM
...leveraged ETFs are coming to an end. And in a market where the only direction is only up, with zero volatility, zero distributions, and now, zero volume, we wish them a quick and painless death. Feb 9, 2011 8:40 PM
...Microcap ETFs are hot, except when it comes to tracking error. (Morningstar) Volatility vehicles can act as a hedge, but at a high cost. (Capital Spectator) Hedge funds often have to make the decision: step on the gas or shift into neutral? Feb 12, 2011 10:49 PM
Feb 8, 2011 6:11 PM
Feb 8, 2011 5:51 PM
...ETFs) linked to BNY Mellon indexes. Feb 8, 2011 4:23 PM
...For ETFs I don't really worry about institutional ownership, but I do demand liquidity. The Capitulative Breadth Indicator (CBI) is basically just a count of the number of open catapult trades among S&P 100 stocks. Mar 18, 2011
EQUAL-WEIGHT INDEXES STILL LEADING
...Weight ETF (RYH) has a profit of about double that of the Health Care SPDR (XLV) — +18.2% versus +9.2%. Here is a chart of RYH with a relative strength comparison to XLV. Since the beginning of the bull market the trend of relative strength has been up, but you can see that the equal-weight index is noticeably weaker during declines. Feb 6, 2011 6:12 AM
...twenty new ETFs and two new ETNs. None closed. The 22 new products result in a current total count of 1,121 listings (987 ETFs and 134 ETNs). - Feb 4, 2011 11:46 PM
The company announced today the launch of the Global X FTSE Andean 40 ETF (AND), linked to an index that tracks the performance of the 40 largest companies in Chile, Colombia, and Peru. Feb 7, 2011 10:03 AM
...the five ETFs in featured in Mebane Faber and Eric Richardson's Ivy Portfolio since the spring of 2009, when I featured my review of the book. In addition to the monthly updates, Feb 3, 2011 12:23 AM
Feb 3, 2011 12:37 AM
Six Direxion ETFs To Undergo Reverse Splits
...of leveraged ETFs, announced reverse splits for six of its 3x bear funds. Five of the leveraged products will undergo 1-for-5 reverse splits for shareholders of record after the close of the markets on Wednesday, Feb. 23, 2011: Daily Financial Bear 3x Shares (FAZ) Daily Large Cap Bear 3x Shares (BGZ) Daily Mid Cap Bear 3x Shares (MWN) Daily Dev... Feb 5, 2011 4:01 PM
...natural gas ETF. (ETFdb) Strategy Where some TAA models stand at month-end. (MarketSci Blog, TAA for the Masses) On the importance of rebalancing to an asset allocation strategy. (Capital Spectator) What is being said is more important than who is saying it. (Kid Dynamite) Finance A profile of the “empowering” and “high conviction” Meredith ... Feb 4, 2011 1:38 PM
...Vectors Egypt ETF (EGPT) launched last February. From the prospectus (pdf): Risk of Cash Transactions: Unlike most other ETFs, the Fund expects to effect creations and redemptions for cash, rather than in-kind securities. Feb 1, 2011 4:29 PM
Feb 1, 2011 5:38 AM
...ETF Replay) No wonder investors continue to look to alternative asset classes. (All About Alpha)
from Abnormal Returns - Jan 31, 2011 1:36 PM
...popular active ETFs on the market, is expanding its product lineup. Today marks the debut of the Active Bear ETF (HDGE), a fund that seeks capital appreciation through short sales of U.S. stocks. The fund is sub-advised by Ranger Alternative Management, and the management team will employ a bottom-up, fundamental, research-driven security select... Jan 31, 2011 10:02 AM
...two new ETFs targeting the growth and value segments of emerging markets: Global X Russell Emerging Markets Growth ETF(EMGX) and Global X Russell Emerging Markets Value ETF (EMVX). The underlying Russell indexes include only the largest stocks (MegaCaps) from the emerging markets universe. Jan 26, 2011 9:44 AM
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Jan 25, 2011 10:02 AM
Jan 24, 2011 11:43 PM
...Hedge Fund ETF Deutsche Bank Launches Second Hedge Fund ETF The fund will have the liquidity of an exchange traded fund while relying on the skills of a hedge fund manager. Both ETFs launched by Deutsche Bank are UCITS III C...Jan 24, 2011 9:48 PM
...This whole ETF and theme-based fund frenzy is really starting to get out of control. This one fund in particular, the MMA Praxis International Fund, aims for 20% Emerging Markets exposure, screening for companies that produce alcohol, tobacco and weapons. Therefore, mining and sweatshops that employ cheap efficient labor have a free pass.- Jan 21, 2011 10:11 PM
...double inverse ETF’s of baskets of CDO’s that start trading on Exchanges.Funding is increased at the SEC through a corporate sponsorship program whereby financial firms can sponsor specific line items in Rules. Jan 21, 2011
Hit the Hanging Man with the Hammer: LQD vs JNK
Jan 21, 2011 2:01 PM
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...ETFs). The new ETF is expected to track China’s H-Shares, which are companies based in China whose shares are denominated in Hong Kong dollars and the country’s B-Shares, Jan 20, 2011 10:02 AM
Jan 21, 2011 1:02 PM
Jan 20, 2011 10:03 AM
...equity index ETF’s. (As always you can see details of individual charts and more on my twitter feed and on chartly.)
from Dragonfly Capital - Jan 17, 2011 7:08 PM
Jan 18, 2011 10:01 AM
...equal weight ETFs, Rydex yesterday (1/12/11) introduced the Rydex MSCI All Country World Equal Weight ETF (EWAC). The new fund seeks to track, before fees and expenses, the price and yield performance of the MSCI All Country World (ACWI) Equal Weighted Index. The underlying index consists of 2,409 stocks from 45 country indices representing 24 ... Jan 13, 2011 11:09 PM
Jan 13, 2011 11:51 PM
Jan 14, 2011 8:05 PM
...X Aluminum ETF (ALUM) began trading 1/5/11, becoming the first ETF to target the stocks of companies involved in the aluminum industry. Jan 7, 2011 9:17 AM
...ETF Replay) No such thing as a “set it and forget it portfolio.” (TRB) Buying the stocks that analysts hate. (ROI) On the relationship between microblog sentiment and stock prices. (SSRN via MoneyScience) Managed futures An actively managed long/short futuresETF launches. Jan 9, 2011 3:10 PM
...of leveraged ETFs, launched one of the last new ETFs of 2010 when it debuted the RAFI Long/Short (RALS) in December. Now the company has launched the first new ETFs of 2011, rolling out two volatility products on Tuesday. The ProShares VIX Short-Term Futures (VIXY) and VIX Mid-Term Futures (VIXM) are Jan 6, 2011 10:03 AM
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from Slope of Hope with Tim Knight - Dec 22, 2010 8:03 PM
...ETF). The Market Vectors Andean Equity ETF will be based on the Market Vectors Andean Index, a modified capitalization-weighted index Dec 22, 2010 10:02 AM
Dec 21, 2010 7:11 PM
Dec 23, 2010 7:36 AM
...theme of ETFs to watch in 2011 today I'm focusing on 11 non-leveraged sector ETFs that very well could be on the minds of traders in the new year.Some are dividend plays others are plays on rising commodities prices but each has a different reason for appearing on the list. Dec 17, 2010 6:49 PM
Dec 20, 2010 3:43 AM