EPHE: The First Philippines ETF Arrives
The first Philippines ETF hit the market on September 29, 2010 in the form of iShares MSCI Philippines Investable Market Index Fund (EPHE). The underlying MSCI index is a free-float adjusted market capitalization weighted index designed to measure the performance of the top 99% (by market cap) of equities...
ECNS: New China Small Cap ETF from iShares
The iShares MSCI China Small Cap Index Fund (ECNS) was launched September 29, 2010 with an objective of capturing the performance of China’s small cap stocks. The underlying MSCI index is a free-float adjusted market capitalization weighted index designed to measure the performance of the bottom...
EWZS: New Brazil Small Cap ETF from iShares
The iShares MSCI Brazil Small Cap Index Fund (EWZS) was launched September 29, 2010 with an objective of capturing Brazil’s small cap stock performance. The underlying MSCI index is a free-float adjusted market capitalization weighted index designed to measure the performance of the bottom 14% (by...
Barclays Finally Puts iPath Brand on XXV
It took two months, but Barclays finally came around to my way of thinking, rebranding its inverse volatility ETN with the iPath name. What was once Barclays ETN+ Inverse S&P 500 VIX Short-Term Futures ETN (XXV) is now (effective 9/28/10) the iPath Inverse S&P 500 VIX Short-Term Futures ETN...
Guggenheim Rebrands Most of Claymore
As of Monday this week (9/27/10), much of what used to be known as Claymore was renamed Guggenheim. It was nearly a year ago (10/15/09) Guggenheim Partners announced the acquisition of Claymore, with Claymore effectively becoming the retail division of Guggenheim. As part of the ongoing integration...
CCX: New Actively-Managed Commodity Currency ETF
WisdomTree Dreyfus Commodity Currency Fund (CCX) began trading last Friday (9/24/10). It is an actively-managed ETF designed to provide broad-based exposure to money market rates and currency movements of selected commodity-producing countries across major export groups and geographic regions. According...
Old Mutual GlobalShares to Shutter Next Week
Old Mutual Global Index Trackers last Friday (9/24/10) announced (press release) plans to close all five of its U.S. listed ETFs. The last day of trading will be Tuesday, October 5, 2010. I advise all shareholders to sell prior to the delisting and to use a limit order. I have repeatedly questioned...
AMLP’s Dirty Little Secret
$128 million can’t be wrong – or can it? Since its launch on August 25, 2010, the Alerian MLP ETF (AMLP) has attracted an impressive amount of assets, nearly $128 million in less than a month. However, shareholders appear to be oblivious to the fact that AMLP employs a 62.5% daily leverage factor,...
Vanguard Launches Second Assault on iShares
For the second time in as many weeks, Vanguard has launched a wave of broad market style-box ETFs aimed at unseating its largest rivals. Vanguard declared war in its fight for ETF supremacy two weeks ago by targeting both SPDRs and iShares with the launch of nine ETFs covering the S&P index style...
PIMCO Introduces BABs and Corporate Bond ETFs
PIMCO introduced two new ETFs on September 21, 2010: PIMCO Build America Bond Strategy Fund (BABZ), the first actively-managed BABs ETF, and PIMCO Investment Grade Corporate Bond Index Fund (CORP). The new listings boost PIMCO’s ETF offerings to twelve, consisting of four actively-managed and eight...
