The Shortest ETF Name in the World: OOK, Inc.
As I read the various reviews of the new Oklahoma ETF that was launched earlier this week, I was struck by an odd sensation – nearly every review had a different name for the fund. I went to the website to get to the bottom of this little mystery and came away even more confused. So, I contacted...
Oklahoma is OOK
Today the Oklahoma ETF began trading on NYSE Arca under the symbol OOK. This is the first state-based ETF. If ETF investors had been asked a year ago which state would be first to have its own ETF, I doubt that Oklahoma would have been a popular guess. The Oklahoma based sponsors have plans for a similar...
Big Blue Excites Investors With Green (IBM)
Investors in International Business Machines (IBM), aka “Big Blue,” are anything but “blue” this year. They should be ecstatic. As an old company and member of the Dow Jones Industrial Average, investors typically don’t view IBM as a high-flying tech stock. But at its core, IBM is a...
Two Inflation Hedge ETFs Launched by Index IQ
Today IndexIQ announced the introduction of two new ETFs designed to protect investors from inflation: IQ CPI Inflation Hedged ETF (CPI) and IQ ARB Global Resources ETF (GRES). The IQ CPI Inflation Hedged ETF (CPI) seeks to hedge against changes in the U.S. inflation rate by providing a “real return,”...
Two More Equity Commodity ETFs from Jefferies
Jefferies is taking advantage of the uncertainty surrounding CFTC activity in the ETF marketplace by launching two more commodity-oriented funds that bypass CFTC intervention. The Jefferies | TR/J CRB Global Agriculture Equity Index Fund (CRBA) and the Jefferies | TR/J CRB Global Industrial Metals...
Why Is The Market Going Up When Jobs Are Going Down?
Last month the national unemployment average rose to 9.8%. It’s actually at 17% if you count distressed and underemployed workers. Not only is unemployment data weak, it’s getting worse. Former Fed chairman Alan Greenspan said unemployment would hit at least 10% before turning back. Even with this...
Mutual Fund News – October 2009
In my All Star Fund Trader publication, I focus on ETFs and tradable mutual funds. Tradable mutual funds are typical those from fund families that have no restrictions on trading frequency, namely Direxion, ProFunds, and Rydex. I also have a long history of using Fidelity funds, especially their Select...
Oil Services Niche Player Rises with Crude (OII)
Oil at $80 may seem cheap compared to $150, but it’s still a lot of money. Crude for November delivery closed above $80 a barrel today. The trend is bullish, and now may be a good time for investors to look at the energy sector. Last week, we highlighted an income-generating ETF focused on Canadian...
The San Francisco MoneyShow ETF Panel
Those of you that have known me a while are aware I have been speaking on the subject of ETFs and mutual funds at various national conferences since 1994. In fact, maybe we even met at one of the shows. I was recently invited to participate on the ETF Panel at the 2009 San Francisco Money Show, where...
New China Equity ETF Launched Today: YAO
Claymore/AlphaShares China All-Cap ETF (YAO) began trading today (October 19, 2009), becoming the third China-focused ETF from Claymore and the 11th China-focused exchange-traded product listed in the US. The underlying index, created by AlphaShares, is designed to capture the investable universe of...
