New Revenue-Weighted Quant ETF Launched Today: RWV
The press release touts it as a quant-driven ETF; applying revenue-weighting to Navellier’s alpha generating all-cap quantitative strategy. Louis Navellier’s approach to the market, and the methodology employed by RevenueShares both have merit, but a peak under the covers of this new ETF...
Two New International Bond ETFs: IGOV and ISHG
Two new international treasury ETFs from iShares launched today. iShares S&P/Citigroup International Treasury Fund (IGOV) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P/Citigroup International Treasury Bond Index Ex-US...
How Many ETFs Are There Anyway?
The ETF industry has many things going for it, but keeping statistics about itself is not one of them. Let’s take the most basic of all data points – the quantity of ETFs and ETNs. You would think it would be simple math to count the number of newly issued ETFs, subtract the number of closed...
Parsons Gets Key to the Citi
Embattled Citigroup announced todaythat its board chairman, Sir Win Bischoff, will retire next month. He will be replaced by Richard Parsons, who is currently a board member and Lead Director. Vikram Pandit will remain CEO. Mr. Parsons is best known as the former head of Time Warner. He was one...
Gold Bugs Unite: IAU
The market faltered on Tuesday as Barack Obama was sworn in as the 44th President of the United States. As the nation observed the historic inauguration, the new President provided a glimpse on how he would address the lingering economic issues. “The state of the economy calls for action, bold...
Market Vectors Indonesia ETF (IDX) Launched
The third new ETF of 2009 began trading yesterday, the Market Vectors Indonesia Index ETF (IDX). Van Eck Global, based in New York, is the manager for the new fund. The press release gives the impression that the underlying index was created specifically for this product. According to Van Eck Global,...
Beware the Juicy Dividend
Income oriented investors are yield-starved with T-bills yielding nearly zero. For those of you willing to extend the maturity of your Treasury investments, you can get nearly 1.5% on five-year securities or about 2.4% if you can commit to a 10-year investment. Given the paltry payouts from Treasury...
MLK, Obama And A New Day for Socialism
The markets were closed yesterday giving everyone a chance to catch their breath. If you had to work, you enjoyed a shorter commute than usual. If you’re retired, well – you didn’t have a commute yesterday or today. I’m jealous. Regardless of your station in life, almost everyone...
Banks: The Final Countdown
Something strange is happening – or about to happen. Bank of America (BAC), Citigroup (C), and JPMorgan Chase (JPM) all moved up their quarterly reports to this week. None have offered any coherent explanation for doing so. What are they trying to get ahead of? Meanwhile, today BAC received...
Still Awaiting the First Trade of 2009 in These ETFs
You can be the first person to execute a trade in 2009 for two different ETFs! That’s right, these two beauties remain unspoiled – they have not seen any action at all this year – nada, zip! And, best of all, with no prices printed in 2009, their year-to-date performance of 0.0%...
