DWAS: New Technical Small Cap ETF Follows Relative Strength

PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) opened its doors on July 19.  This is the fourth PowerShares ETF to follow a Dorsey Wright quant-based index, and the first to focus on domestic small cap stocks (DWAS overview). DWAS will follow the Dorsey Wright SmallCap Technical Leaders... 

UBS ETRACS Launches AMJ Replacement

UBS introduced the ETRACS Alerian MLP Index ETN (AMU) July 18.  AMU provides another way to track the same index as the now “closed-end” JPMorgan Chase Alerian MLP ETN (AMJ).  AMU is an exchange-traded note linked to the performance of the Alerian MLP Index.  It pays a variable quarterly coupon... 

A Million Dollars Isn’t What It Used To Be

A million dollars isn’t what it used to be.   Usually when you hear that statement, a story about inflation and eroding purchasing power is sure to follow.  While that is true, today I’m addressing a different aspect:  The interest on a million dollars isn’t what it used to be. Back in March... 

PFXF: New Market Vectors Preferred ETF Is 37% Financials

Market Vectors Preferred Securities ex Financials ETF (PFXF), which launched on July 17, is designed to track the Wells Fargo Hybrid and Preferred Securities ex Financials Index (PFXF overview).  Wells Fargo defines the Financials sector differently from the better-known GICS scheme.  GICS considers... 

SPFF: New Global X Preferred ETF Is 88% Financials

Global X SuperIncome Preferred ETF (SPFF), launched July 17, is designed to track 50 of the highest yielding North American preferred securities, as defined by the S&P Enhanced Yield North American Preferred Stock Index (SPFF overview). By screening for the highest yielding preferred securities and... 

ProShares Launches 3x Financials ETFs

ProShares announced July 12, 2012 the launch of ProShares UltraPro Financials (FINU) and ProShares UltraPro Short Financials (FINZ).  FINU targets 3x the daily performance of the Dow Jones U.S. Financials Index, before fees and expenses, while FINZ seeks to provide -3x the daily performance of the same... 

Communicate with the Telecom Sector Via ETFs

Not so long ago, telephones were connected to wires.  What a quaint idea.  How would today’s teenagers survive? Back then you could only talk on your phone — no text messaging.  Even worse, phones didn’t even have buttons to push!  You dialed by turning a big knob with your finger. Phone... 

RRGR: Random Roger Global Tactical ETF Launched

AdvisorShares Global Alpha & Beta ETF (RRGR) began trading today (7/11/12).  RRGR is an actively managed, broadly diversified global tactical asset allocation ETF whose goal is to outperform traditional investment benchmarks.  Using a top-down perspective, the manager applies tactical asset allocation... 

ETF Deathwatch for July 2012: 24 New Names

Twenty-four new members joined ETF Deathwatch for July.   Seventeen are ETFs and seven are ETNs.  Only six products came off the list, yielding a net increase of eighteen.   It’s been fifteen months since the list produced a net decrease in membership. The current count stands at 354: 250 ETFs... 

ETF Stats for June 2012: Actively Managed Assets Less Than 1%

The ETF count for June stands at 1,476, consisting of 1,259 ETFs and 217 ETNs.  Eleven new product introductions during the month brought the launch count to 124 for the first half of 2012.  Assets under management climbed to $1.18 trillion.  The 3.9% monthly increase closely matches the performance... 

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