BARL: Stocks and Oil Contango Problems Together In A Single Leveraged Product
If you want 100% exposure to crude oil contracts and their associated contango problems, plus you want to leverage up for another 100% exposure to large cap US stocks, then Morgan Stanley has just the product for you. It was just a few months ago (3/17/11) that Morgan Stanley became an ETN issuer...
EGShares Rebrands and Completes Emerging Market Sector Suite
Emerging Global Advisors has now completed the two-year rollout of its Global Emerging Markets Sector (“GEMS”) ETF suite. The effort began with the May 2009 introduction of an emerging markets energy ETF, then two months later a sector composite ETF encompassing all 10 underlying sectors was unveiled. ...
AdvisorShares Launches Four New Actively Managed ETFs
Last week AdvisorShares introduced four new actively managed ETFs from two different managers. Madrona Funds, LLC is the sub-advisor and portfolio manager of three new “Madrona Forward” ETFs while American Wealth Management is the sub-advisor and portfolio manager for the “Meidell Tactical”...
New PIMCO 0-5 Year High Yield ETF Is An Attractive Offering
PIMCO expanded its fixed income ETF menu with the June 17, 2011 introduction of PIMCO 0-5 Year High Yield Corporate Bond Index Fund (HYS). HYS will attempt to replicate the price and yield performance of the BofA Merrill Lynch 0-5 Year US High Yield Constrained Index using PIMCO’s “smart passive”...
iShares Floating Rate Note Fund (FLOT) Launched
BlackRock (BLK) introduced the iShares Floating Rate Note Fund (FLOT) on June 17, 2011. The new ETF seeks investment results that correspond generally to the price and yield performance of the Barclays Capital US Floating Rate Note < 5 Years Index. Floating rate notes have their interest rates adjusted...
UBS Launches Spread ETNs on Oil and Gas Futures
UBS Investment Bank announced (pdf) the launch of two new exchange-traded notes (ETNs) last week (6/16/11) designed to “take advantage of potential contango in the oil and natural gas markets.” The UBS ETRACS Natural Gas Futures Contango ETN (GASZ) and UBS ETRACS Oil Futures Contango ETN (OILZ)...
Two New RAFI Fundamental Pure Style ETFs From PowerShares
Last week (6/16/11), PowerShares rebranded seven of the nine ETFs in its suite of “Dynamic” style box ETFs as “Fundamental Pure” style box ETFs. For some reason, the PowerShares Dynamic Large Cap Growth Portfolio (PWB) and PowerShares Dynamic Large Cap Value Portfolio (PWV) were excluded from...
Direxion Adds Materials, Health, and Total Market ETFs
Direxion announced (pdf) the addition of five new ETFs to its lineup last week (6/15/11). Four of the new funds are 3x leveraged bullish and bearish plays on the materials and health sectors. The fifth is a non-leveraged total U.S. stock market bear fund. Direxion Daily Basic Materials Bull 3x Shares...
TDX/db-X, WisdomTree, and VelocityShares Changes
Sponsors of ETPs have been very busy lately making changes to their existing line-ups. Deutsche Bank renamed the five TDX target date ETFs last Friday (6/17/11), WisdomTree made various name, ticker, and index changes to seven of its ETFs yesterday (6/20/11), and two VelocityShares ETNs will undergo...
ROOF: A New Small Cap REIT ETF With 4.3% Yield
Index IQ rolled out the first small cap U.S. REIT ETF last week (6/14/11). IQ US Real Estate Small Cap ETF (ROOF) intends to provide income and complement large cap REIT exposure. The underlying IQ US Real Estate Small Cap Index uses a float-adjusted market cap-weighted methodology. The goal is to...
