REMX Is More Than Rare Earth
It’s not just rare earth – rare earth and strategic metals are the focus of the new Market Vectors Rare Earth/Strategic Metals ETF (REMX). Launched yesterday (10/28/10) by Van Eck Global, REMX will focus on companies involved with the mining and production of 17 rare earth and 32 additional strategic...
GTAA: ETF Version Of The Ivy Portfolio
AdvisorShares Cambria Global Tactical ETF (GTAA), an actively-managed absolute return fund of funds (ETF of ETFs), began trading yesterday (10/26/2010). The sponsor hopes to preserve and grow capital by producing absolute returns with reduced volatility and drawdowns. GTAA is relatively expensive as...
GLTR: A Precious Metals Basket With Fixed Ounce Weightings
ETF Securities launched the ETFS Precious Metals Basket Shares (GLTR) today (10/22/2010), making it the first US-listed physically backed precious metal basket ETF to hold gold, silver, platinum, and palladium. GLTR’s objective is to provide one-stop shopping for investors seeking to hold all four...
Semiconductor ETF Goes From IGW to SOXX
Effective Friday, October 15, 2010, iShares S&P North American Technology-Semiconductors Index Fund (IGW) changed its name and ticker symbol to iShares PHLX SOX Semiconductor Sector Index Fund (SOXX). The CUSIP did not change, but the PHLX (Philadelphia Stock Exchange) is owned by Nasdaq so the...
PEK Already Trading At Substantial Premium
Van Eck Global launched Market Vectors China A-Shares ETF (PEK) yesterday (October 14, 2010). Today, it is trading at more than a 14% premium to its net asset value. Is PEK truly an ETF, or is it more like a closed–end fund? PEK claims to be the only US-listed ETF designed to give investors exposure...
Ron To Present On ETF Dangers At Dallas Investors Forum
You are all invited to attend my presentation on “ETF Dangers & How To Conquer Them” as part of the Dallas Investors Forum this Saturday morning October 16, 2010 starting at 8:30am. I will be covering three major sources of risk when using ETFs: Liquidity, Execution, and Structure. Numerous...
PowerShares Closing 10 ETFs in December
Invesco PowerShares announced plans to close 10 ETFs due to lack of investor interest. The last day of trading will be December 14, 2010. The firm is providing a full two-month notice, a move I consider to be shareholder-friendly. As always, I recommend shareholders avoid the liquidation process...
Launch of Ameritrade ETF Supermarket
TD Ameritrade (AMTD) today announced the launch of its Commission-Free ETF Market Center. The October 8, 2010 press release states that more than 100 commission-free ETFs, selected by Morningstar, are available to clients of Ameritrade that register for the program. “We worked with independent...
New JPMorgan Inverse Treasury ETNs Provide Dual Reset Mechanisms
JPMorgan Chase listed two new exchange-traded notes (ETNs) on October 5, 2010 providing leveraged inverse exposure to U.S. Treasury futures. JPMorgan Quarterly Double Short US Long Bond Treasury Futures ETNs (DSTJ) and JPMorgan Quarterly Double Short US 10-Year Treasury Futures ETNs (DSXJ) employ dual...
CSMA: Can Merger Arbitrage Be Indexed?
Credit Suisse Merger Arbitrage Liquid Index ETN (CSMA) began trading October 4, 2010. These ETNs are senior unsecured debt designed to provide investors with the returns of the Credit Suisse Merger Arbitrage Liquid Index. The index attempts to capture the spread between the target company’s price...
