New Long/Short QuantShares: Long On Expenses, Short On Expectations
QuantShares, a new player in ETF land, entered the fray by introducing seven market neutral ETFs based on the investment factors of momentum, quality, size, value, and beta. Four were rolled out last week (9/7/11), and another three were listed today (9/13/11). Unfortunately, QuantShares provides...
ETF Deathwatch for September 2011: Ben Graham Has Left The Building
The number of products on ETF Deathwatch held steady at 163 for September, although the membership list shows numerous changes. Ten names were added and another ten came off, leaving 123 ETFs and 40 ETNs vulnerable to shutdown. Four products escaped the list simply because they no longer exist. These...
ETF Stats for August 2011: Dollar Volume Surges 99%
We thought twelve new products in July would be the year’s low point, but August proved us wrong with only nine new listings. This was the slowest pace since October 2010 and only the third time in three years launches failed to reach double-digits in a calendar month. Three ETN closures accompanied...
Last FaithShares ETF Closes
After shuttering four ETFs in July, the last remaining FaithShares ETF has now suffered a similar fate. FaithShares Christian Value Fund (FOC) saw its last day of trading on August 31, 2011. All outstanding shares will be redeemed on September 14. All of the FaithShares funds were consistent members...
