Another Preferred Stock ETF: PSK
SPDR Wells Fargo Preferred Stock ETF (PSK) started trading yesterday (September 17, 2009). This is the fourth ETF to cover this niche; SPDR obviously saw a hole in their product guide and did not want to leave the space to iShares U.S. Preferred Stock (PFF), PowerShares Preferred Portfolio (PGX),...
Emerging Markets Financials ETF Launched: EFN
Upstart ETF provider Emerging Global Shares launched the latest in its series of sector-focused emerging markets ETFs this week. The EGS Dow Jones Emerging Markets Financials Titans Index Fund (EFN) began trading on NYSE Arca on September 16. This is the firm’s fourth ETF, joining its Energy...
If You Like Demographics, You’ll Love The DENT ETF
Harry S. Dent Jr. is back, and this time he’s got an ETF. The Dent Tactical ETF (DENT) started trading today (September 16, 2009). It is being offered by a new ETF sponsor called AdvisorShares. Unlike most other fund sponsors, AdvisorShares chose to not include their name as part of the ETF’s...
Perrigo Smiles At The Future (PRGO)
Last week we discussed a Canadian mining company (NXG). This week we travel further south to Michigan. The automotive sector may be in shambles, but the state is still home to a solid healthcare company. The small town of Allegan, about half-way between Chicago and Detroit offers a bright spot in the...
Banks to Buy in Light of TARP
TARP, the “Troubled Asset Relief Program,” has been the minds of many financial sector analysts ever since the Emergency Economic Security Act of 2008 allowed banks to tap the US Treasury for cash. Whether TARP was necessary to stabilize the banking industry is for economic historians to...
UNG May Resume Share Creation
The United States Natural Gas Fund LP (UNG) filed a Form 8-K with the SEC on Friday (9/11/2009) indicating that it may resume offering new shares on September 28. You may recall that UNG stopped issuing new shares in the second week of July. Additional background can be found in our CFTC Camel Sticks...
Economic Recovery: Determining the Undeterminable
Ask five economists what the economy will do and you’re likely to get five different explanations. Unlike calculus which has right and wrong answers, economics is a combination of math, art, science, and divination. That’s why there’s so much disagreement. Where one economist’s tea leaves...
New Gold ETF Launched: SGOL
ETFS Physical Swiss Gold Shares (SGOL) began trading in the U.S. on Wednesday. The sponsor is ETF Securities Ltd., a firm that is unknown to many Americans but manages some $13 billion in the United Kingdom and Australia. They launched a silver ETF in the U.S. earlier this year. At first glance,...
Ride Gold with a Miner: Northgate Minerals (NXG)
Precious metals are making news again. A combination of factors have pushed metals into the spotlight – especially gold. India’s wedding season is approaching along with hopes for a holiday buying spree. More important, fear of a falling dollar has caused the yellow metal to climb the charts yet...
Two More TIPS ETFs from PIMCO: LTPZ and TIPZ
PIMCO doubled the size of its ETF offerings for the second time in as many weeks. Of course, when you are going from one to two, and then two to four, the accomplishment may not be as impressive as it sounds. I’m not trying to belittle today’s introduction of two additional TIPS ETFs. On the...
