New Internet IPO ETNs Do Not Participate in IPOs
Huge opening-day pops in new public offerings tend to bring IPO investment vehicles out of the woodwork. However, if you think investing in these funds lets you participate, then think again. On Thursday (7/21/11), UBS rolled out the ETRACS Internet IPO ETN (EIPO) and the ETRACS Monthly 2x Leveraged...
Nine New ETPs for Week Ending 7/15/11
The parade of new exchange traded product launches continues unabated. Last week, nine new products came to market consisting of six ETFs and three ETNs. One of the new ETFs was from Precidian, a new sponsor in the ETF arena, and another is actively managed. A brief overview of the new products and...
VZZ Terminates and VZZB Fills the Void
As mentioned in ETF Stats for June 2011, the iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN (VZZ) hit an early termination trigger on July 1 by trading below $10. The press release indicated VZZ would be redeemed on July 11, 2011, but it did not indicate the delisting date. Subsequent to...
Join Ron at the Art of Indexing and ETF Investment Summit
I will be speaking at the Art of Indexing and ETF Investment Summit USA. This year it is being held in New York on September 15. My topic is ”Conquering the Hidden Nuances of ETFs” and will focus on the not so obvious pitfalls that can be avoided if you just know to be aware of them. ...
SKYY: The Wait For A Cloud Computing ETF is Over
The first cloud computing ETF has arrived. On Wednesday (7/6/11), the First Trust ISE Cloud Computing Index Fund (SKYY) was listed for trading on the NASDAQ. Part of the reason investors had to wait so long is that like its namesake, cloud computing is somewhat amorphous, with no clearly defined...
ETF Deathwatch for July 2011: The Count Increases to 155
Nine funds are being added to ETF Deathwatch for July and two are coming off. The net increase of seven pushes the current quantity to 155, or 13.9% of all eligible products. The overall quantity consists of 111 ETFs and 44 ETNs. The average list member is 30 months old and has $16 million in assets. For...
ETF Stats for June 2011: 34 New Product Listings
New product introductions kept flowing in June, though behind the pace of recent months, with the listing of 31 new ETFs and 3 new ETNs. This is the lowest monthly figure since February; there were 38 launches in March, 43 in April, and 39 in May. No ETPs were taken off the market, so total listings...
