First Trust CBOE S&P 500 VIX Tail Hedge Fund (VIXH) began trading yesterday (8/30/12). The underlying CBOE VIX Tail Hedge Index is based on the S&P 500 and an amount of one-month call options on the VIX Index, ranging from 0% to 1% of the portfolio. The exact amount is determined by the level...QEH: Another Hedge Fund Replication Attempt
AdvisorShares QAM Equity Hedge ETF (QEH) hit the tape on August 8, 2012. The actively managed fund-of-funds will try to beat long/short equity hedge fund performance, while trying to replicate the characteristics of the benchmark HFRI Equity Hedge Total Index. The QEH portfolio is directed by Kurt...ETF Industry Growth Overtaking Stock Market?
The S&P 500 will soon be overtaken by its children, at least in terms of trading volume. Bloomberg News tells us this in ETFs Poised To Exceed Trade in S&P 500 As Spiders Beat Apple. Combined dollar volume in SPDR S&P 500 (SPY), iShares S&P 500 Index Fund (IVV), and Vanguard S&P...TDIV, MDIV: Technology Dividend and Multi-Asset Income ETFs
“Technology” and “Income” don’t fit like hand and glove, but a new ETF may force a change in investor perceptions. First Trust Nasdaq Technology Dividend Index Fund (TDIV) tries to squeeze yield from a growth-tilted sector. The company’s simultaneous launch of...BBRC, EMDD: New ETFs Go Beyond BRICs, Into Domestic Demand
Emerging Global Advisors expanded its ETF family with the August 15, 2012 launch (pdf) of EGShares Beyond BRICs (BBRC) and EGShares Emerging Markets Domestic Demand (EMDD). Both target what the company calls “less mature” single country and sector segments. Capitalization-weighted emerging...Russell Makes Strategic Retreat From Index ETF Biz
Russell Investments announced on August 17 the mass closure of 25 ETFs with combined assets exceeding $300 million. The only survivor will be Russell Equity ETF (ONEF), which also happens to be the only actively-managed ETF on the menu. The decision looks to us like a strategic move to refocus...Direxion Closing Nine Leveraged and Inverse ETFs
DirexionShares announced this month it will close nine of its 3x leveraged ETFs. The affected funds target domestic sectors as well as certain emerging markets. Their shares will be de-listed from NYSE Arca as of the close on September 5, 2012, with the liquidation process to be completed a week...CNBC Discovers ETF Deathwatch
Here at InvestWithAnEdge.com, we’ve been banging the drum on the exploding nature of the ETF market and thus the pruning of the glut of ETFs that rushed to grab their share of this manifest destiny. Ron has been at the forefront of keeping investors abreast of the comings and goings in the ETF space,...SKOR: Index IQ Liquidates South Korea ETF Before Official Closure
IQ South Korea Small Cap ETF (SKOR) will de-list and close to new investors as of August 17. Sponsor Index IQ announced the SKOR closure in a July 6 news release (pdf). The release did not reveal SKOR would become the equivalent of a money market fund well before its August 17 closure. Yet this...Graceful Exit For MUAA ETF
Wednesday August 15 is the last day of trading for iShares 2012 S&P AMT-Free Municipal Series ETF (MUAA). However, unlike hundreds of previous ETF closings, this one is nothing to be concerned about. MUAA’s closure was planned and announced in January 2010 as part of its launch. MUAA has...