List of 49 ETF Closures for 2010
U.S. exchange traded product delistings and closures totaled 49 in 2010, consisting entirely of ETFs (no ETNs). The lifetime tally now stands at 173 (160 ETFs and 13 ETNs). The 49 closures represent a 12.5% drop from 2009 and mark the second straight year the quantity has declined. Closures affected...
6 Popular ETFs to Dump Today
Happy Holidays! Many people have the last day of the year off, but not stock and ETF traders. Since 2011 New Year’s Day falls on a Saturday, the NYSE and other exchanges are open for a full day. This is good news in one way: You have an extra trading session to get rid of some clutter in your...
State Street Abandons Dow Jones Style-Box ETFs
Nine SPDR ETFs from State Street will undergo significant changes on Monday, December 20, 2010. All will receive new names and new underlying indexes, and six will get lower expense ratios. The seven style-box ETFs will receive new ticker symbols, while the two bond ETFs will retain their current...
ProShares Launches RAFI Long/Short ETF (RALS)
ProShares introduced Thursday (12/09/2010) a new market-neutral absolute return ETF: ProShares RAFI Long/Short (RALS). Its objective is to track a new index, minus the 0.95% expense ratio, from Research Affiliates that equally weights long positions against short positions in a sector neutral manner. The...
Direxion Airline Shares Take Off Into Turbulence
Direxion Airline Shares (FLYX) began trading December 8, 2010. The new ETF marks the first time that Direxion has offered a non-leveraged ETF. Given the fact Guggenheim Airlines ETF (FAA) has only attracted $38 million in assets in nearly two years, Direxion’s strategy with this offering is not...
RBS Enters ETN Arena With Timed S&P 500
A new ETN sponsor entered the US market December 8, 2010 with a security designed to track the S&P 500 Total Return Index “timed” with a 200-day moving average. RBS US Large Cap Trendpilot ETN (TRND) are exchange-traded notes issued by The Royal Bank of Scotland, more commonly known as RBS. The...
Direxion Adds Leverage To Market Vectors Gold Miners (GDX)
Stocks in the gold mining industry are among the most volatile stocks being traded. ETFs tracking them are also volatile. As of Wednesday (12/08/2010), traders can now get leveraged long and short access to this group via Direxion Daily Gold Miners Bull 2x Shares (NUGT) and Direxion Daily Gold Miners...
Five New Equal Weight ETFs From Rydex
Rydex introduced on Wednesday (12/08/10) five new ETFs based on equal weight indexes from Russell and MSCI. “Equal weight ETFs offer a compelling alternative to traditional market cap-weighted ETFs,” said Mike Byrum, chief investment officer, quantitative strategies for Rydex. “Not only do...
STIP: A Short-Term TIPS ETF From iShares
The iShares Barclays 0-5 Year TIPS Bond Fund (STIP) from Blackrock began trading last Friday (12/03/10). The new ETF targets the short end of the TIPS curve by seeking to track the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). The STIP fact sheet (pdf)...
ETF Securities Brings Forth The White Metals Basket
ETF Securities launched the ETFS Physical White Metal Basket Shares (WITE) last Friday (12/03/2010). It is the first US-based physically backed white precious metal exchange-traded product (ETP) holding a basket of silver, platinum, and palladium in fixed weights. WITE’s goal is to appeal to investors...
