Old Mutual Enters ETF Arena with Zero Fee Teaser Rate
Old Mutual, a name long associated with mutual funds, has entered the ETF arena with today’s (12/08/2009) launch of GlobalShares FTSE Emerging Markets Fund (GSR). In an acknowledgement that it is already a crowded field, and taking a cue from Schwab that it needed to be noticed, the firm will...
Claymore China Technology ETF (CQQQ) Begins Trading
The Claymore China Technology ETF (CQQQ) started trading today (12/08/2009) and seeks to track the AlphaShares China Technology Index. Index constituents consist of publicly-traded companies based in mainland China, Hong Kong, or Macau that are in the information technology sector, and are open to...
ETF Deathwatch – December 2009
The number of funds on ETF Deathwatch jumped 13% to 128 this month from 113 in November. The count consists of 88 ETFs and 40 ETNs that failed to generate at least $100,000 in average daily value traded (ADVT) for the past month. E-TRACS CMCI Short Platinum Excess Return (PTD) headed the list for the...
Unemployment Drops, Markets Yawn
Today’s November employment report from the Labor Department revealed that “only” 11,000 jobs disappeared last month. This was far better than expected. Economists had projected a loss of 125,000 jobs, according to a Bloomberg survey. At the same time, the jobless rate dropped from...
Four New 3x Direxion China and Latin America ETFs
Direxion, known for its 3x leveraged ETFs, launched four new funds today (12/03/09) targeting China and Latin America. The new ETFs seek 300% of the daily performance, or 300% of the inverse of the daily performance, of the BNY China Select ADR Index and S&P Latin America 40 Index. The new Bull 3x...
Grab Some Northern Exposure with EWC
Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That’s why we’re looking at Canada. We’ve previously examined Canada as an energy play. That’s still a...
ETF Stats for November 2009: Active Listings at 908
There were 23 new ETFs and five new ETNs launched in November. No products were delisted. The net increase of 28 pushed the quantity of listed products to 908, the first time the count has been above 900. In theory, each hundred new products should come quicker than the previous since it represents...
PIMCO Offers New Active Bond ETF: MUNI
Today (12/1/2009) bond giant PIMCO launched its second actively-managed fixed-income ETF. PIMCO Intermediate Municipal Bond Strategy Fund (MUNI) focuses on high-quality tax-free bonds issued by state and local governments at the intermediate maturity level. PIMCO appears to be intent on cracking the...
Global X Launches 2 of 6 Planned China Sector ETFs
Global X Management Company expanded their ETF offerings today (12/01/2009) with the launch of Global X China Consumer ETF (CHIQ) and Global X China Industrial ETF (CHII). These are the first of six China sector ETFs planned by the firm. The new ETFs will have an expense ratio of 0.65%. The underlying...
