Open Letter to ETF Regulators

Dear ETF Regulators, It is time to step up to the challenge of your job’s main mandate - protecting investors.  Investor confidence in exchange traded funds (“ETFs”) and exchange traded notes (“ETNs”) is at a critical point.  The abuses of a very small number of individual products... 

YMLP: Another Abomination of the ETF Wrapper

There are 1,441 ETFs and ETNs listed for trading today.  1,439 of them are not structured as C-corporations and, therefore, generally not liable for any federal or state taxes.  The other two ETFs do have a C-corporation structure, which is costing their shareholders millions of dollars (more than... 

Guggenheim Closing 8 ETFs Including 2 CurrencyShares

Guggenheim previously announced (pdf) the last day of trading for eight ETFs would be tomorrow (Friday 3/23).  While all of the affected products are now part of the Guggenheim lineup, you may be more familiar with their original Claymore, Rydex, and CurrencyShares monikers.  Delisting will occur prior... 

ETF Deathwatch for March 2012: Inching Toward 300

The ETF Deathwatch list now stands at 291 (216 ETFs and 75 ETNs), inching closer to the 300 mark.  The net increase from last month was three, as sixteen names joined and thirteen came off.  Most of the removals came via the delisting and closure of eight Global X ETFs.  Five others escaped the list... 

Can PIMCO Total Return ETF (TRXT) Live Up To Its Hype?

Note: the ticker for this ETF changed from TRXT to BOND effective April 4, 2012. The PIMCO Total Return Exchange-Traded Fund (TRXT) began trading March 1, 2012.  Prior to its launch, TRXT became the most highly anticipated ETF introduction since the MacroShares Major Metro Housing Up/Down pair (UMM... 

ETF Stats for February 2012: 2nd Highest Launch Count On Record

Launch activity continued at a blistering pace last month.  February’s new product count of 48 (40 ETFs and 8 ETNs) was second only to the 50 launches in January 2007.  BlackRock’s iShares brand accounted for 23 of February’s new products and 35 of the 71 year-to-date total.  The iShares... 

Global X Brings Permanent Portfolio Concept To ETFs

Global X introduced the Global X Permanent ETF (PERM) on 2/8/12 to provide investors with access to “proper diversification” in a simple, transparent, and cost-efficient single ETF.  The fund allocates 25% to each of four asset classes, although some investors may consider it just three as two of... 

FRAK: Conventional ETF Access to Unconventional Oil & Gas

Van Eck Global, the firm behind the Market Vectors brand of focused ETFs, unveiled the Market Vectors Unconventional Oil & Gas ETF (FRAK) on 2/15/12.  The underlying rules-based index targets companies expected to generate at least 50% of revenues from the unconventional oil and gas segment defined...