State Street Global Advisors rolled out two fixed income ETFs on December 1. SPDR Barclays Capital Investment Grade Floating Rate ETF (FLRN) and SPDR Barclays Capital Short Term Treasury ETF (SST) help round out the SPDR bond fund offerings, but don’t offer anything new or innovative. SPDR Barclays...ETF Deathwatch for December 2011: List Surges to 242 Names
ETF Deathwatch membership jumped by thirty-one for December, producing the largest monthly increase since July 2010. The total count now stands at 242: 184 ETFs and 58 ETNs. Thirty-five new names joined this month’s list while only four left. It takes time for the market to absorb new products. ...ETF Stats for November 2011: Yearly Launches Set New Record
Launch activity slowed to just seventeen new product introductions in November, but the year-to-date count of 292 is enough to clinch the title for most new ETPs in a calendar year. The previous record of 291 was established four years ago in 2007. The new monthly additions consisted of thirteen...New Risk On Risk Off ETNs Tuned to Recent Market Conditions
UBS launched ETRACS Fisher-Gartman Risk On ETN (ONN) and ETRACS Fisher-Gartman Risk Off ETN (OFF) on November 30, 2011. The new exchange-traded notes (“ETNs”) are described as comprehensive “risk on” and “risk off” trading vehicles based on the newly invented Fisher-Gartman Risk Index. The...New iShares International Preferred ETF Is Mostly Canadian
BlackRock introduced what is essentially a Canadian financials preferred stock fund on November 17 with a name of iShares S&P International Preferred Stock Fund (IPFF). The new ETF has an 85% allocation to the financial sector and a 73% allocation to Canada. I’m not implying these allocations...