Exposure To Business Development Companies Now Available Via BDCS ETN
UBS introduced new exchange-traded notes today (4/28/11) linked to both the price and yield performance of the Wells Fargo Business Development Company Index. The UBS E-TRACS Wells Fargo Business Development Company ETN (BDCS) intends to issue quarterly coupons based on distributions of the underlying...
FLTR: Investment Grade Floating Rate ETF
A niche fixed-income market is opening wider with Tuesday’s (4/26/11) listing of Market Vectors Investment Grade Floating Rate ETF (FLTR). The product developers at Van Eck’s Market Vectors ETF shop have a keen sense of timing; obviously they think demand exists for something like FLTR. ...
Barclays Offers New Variation of 19 Existing Commodity ETNs
Barclays rolled out 19 new commodity-based exchange-traded notes (ETNs) last Thursday (4/21/11). The 18 new Pure Beta products attempt to track the same commodities as 18 existing iPath ETNs, the primary difference being the process used by each underlying index to roll future contracts. The iPath...
First Trust Adds 13 AlphaDEX ETFs to Lineup
First Trust Advisors added 13 new funds to its quantitative, fundamental-weighted AlphaDEX ETF family last week. Nine new international ETFs began trading on April 19 and four domestic ETFs came out the following day. These are not the firm’s first international offerings; First Trust has...
Buying HYMB Requires a Leap Of Faith
Can a passive index fund accurately track its index when it has only one holding for every 423 holdings of the underlying index? Last week (4/14/11), State Street Global Advisors introduced the SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB). Its objective is to track the S&P Municipal...
Market Vectors Russia Small-Cap ETF (RSXJ) Now Trading
Van Eck Global launched the Market Vectors Russia Small-Cap ETF (RSXJ) last week (4/14/11). RXSJ is the first US-listed fund to target Russian small cap stocks. The underlying index from 4asset-management includes companies in the bottom 10% of market capitalization and incorporated in Russia, or...
ProShares Juices Up Junk and Investment Grade Bonds
If you are not pleased with the current yield and price appreciation potential available from traditional investment grade and high yield bond funds, then the new leveraged ETFs from ProShares may just be the ticket. The ProShares Ultra High Yield (UJB) and ProShares Ultra Investment Grade Corporate...
Global X Waste Management ETF (WSTE) Launches
Global X Funds introduced a new ETF yesterday (4/13/11) targeting the Waste Management industry. Global X Waste Management ETF (WSTE) will seek to track an index with one-third allocations to Hazardous Waste, Non-Hazardous Waste, and Recycling stocks. The fund has an expense ratio of 0.65% and consists...
Fundamental Indexing Comes To Investment Grade Bond ETFs
State Street Global Advisors launched the SPDR Barclays Capital Issuer Scored Corporate Bond ETF (CBND) on Thursday (4/7/11). The underlying benchmark index intends to measure the performance of the U.S. corporate bond market. Instead of a traditional weighting methodology, individual issuers in...
ProShares Introduces Additional Inverse Treasury ETFs
On Tuesday (4/5/11), ProShares introduced two new ETFs providing inverse exposure to U.S. Treasury securities and allowing investors to potentially profit from rising interest rates. The ProShares UltraShort 3-7 Year Treasury (TBZ) becomes the first U.S.-listed ETF to provide inverse exposure to the...
