SDIV: Super Dividend or No Dividend?
Global X launched a new ETF last week (6/9/11), which is intended to provide investors with exposure to 100 of the highest dividend yielding equity securities in the world. The Global X SuperDividend ETF (SDIV) hopes to track the total return performance (minus fees and expenses) of the Solactive Global...
Deutsche Bank Tries Flying Solo In US ETF Market
Deutsche Bank is involved with 39 ETPs (Exchange Traded Products) listed for trading in the U.S. marketed under the Invesco PowerShares brand. Last Thursday (6/9/11), they went solo for the first time in the U.S. by launching five new ETFs under their own db-X brand, bringing their product count to...
Ticker Changes for Direxion and PowerShares ETFs
Direxion changed the ticker symbols for its pair of China 3x ETFs effective June 15. As mentioned in my recent ETF Stats report, Invesco PowerShares changed the name, ticker, underlying index, and expense ratio for seven of its style-box ETFs effective June 16, 2011. The revised PowerShares ETFs...
FaithShares To Charge Shareholders For July Closures
FaithShares has lost faith. July 15, 2011 will be the last day of trading for four of the five FaithShares ETFs (Five Flavors of Faith in an ETF Format) launched in December 2009. The lone survivor, FaithShares Christian Values Fund (FOC), will stay open even though it currently has less than...
Guggenheim ABCS Gives Us A-B-C But No Y
The ABC acronym stands for Australia, Brazil, and Canada. The Guggenheim ABC High Dividend ETF (ABCS), launched earlier this week (6/8/11), packages the ten highest yielding stocks from each country into a convenient ETF format. The 30 securities consist of U.S. listed ADRs from all three countries...
Index IQ Launches First Japan Mid Cap ETF
IQ Japan Mid Cap ETF (RSUN), the first ETF targeting the mid cap segment of the Japanese stock market, was introduced last week (6/2/11). The underlying float adjusted market cap weighted index of 100 stocks seeks to track the overall performance of the mid capitalization sector of publicly traded...
BARN Completes the 4 Fs Rollout from Global X
Global X Farming ETF (BARN), launched on 6/2/11, becomes the fourth food supply chain ETF introduced by Global X over a span of five weeks. The new ETF attempts to comprehensively cover the farming sector by focusing on companies involved in agricultural products, livestock operations, and the manufacturing...
New Guggenheim Funds Are Not New
Despite what you may have read, Guggenheim did not launch any new ETFs last week. You can safely ignore the headline in the Guggenheim press release. What really happened is buried deep within that press release whose headline is totally wrong: as of June 1, 2011, some already-existing ETFs received...
ETF Deathwatch for June 2011: Sixteen New Names
Sixteen new names joined ETF Deathwatch for June. Eleven just emerged from the six-month grace period I give all new launches, while the other five have been around longer. Seven products came off the list this month. The net increase of nine places the current count at 148, which is 13.3% of the...
ETF Stats for May 2011: 1,010 ETFs Fighting For Scraps
A steady onslaught of new product introductions continued in May along with the first closure of the year. Sponsors rolled out 36 new ETFs and three ETNs while retiring one ETN. The net addition of 38 brings the quantity of listed ETPs to 1,254 consisting of 1,089 ETFs and 165 ETNs. Currently,...
