New FlexShares ETFs Tilt International Markets

Today (9/28/12), Northern Trust introduced two new ETFs that tilt their weightings toward small cap and value stocks.  FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) and FlexShares Morningstar Emerging Market Factor Tilt Index Fund (TLTE) seek to enhance exposure to international... 

New RBS ETN Alternates Between 3 Large Cap Weighting Schemes

On September 6, the Royal Bank of Scotland (RBS) rolled out the RBS US Large Cap Alternator ETN (ALTL).  The underlying index uses a multi-period momentum strategy to provide exposure to either the S&P 500 Total Return Index, the S&P 500 Equal Weight Total Return Index, or the S&P 500 Low... 

Global X Closing 4 Struggling ETFs

Global X recently announced its intent to close and liquidate four ETFs.  According to the company press release, Global X will absorb all fees and expenses that may be incurred in connection with the liquidation and distribution of assets.  I advise shareholders to dispose of their holdings, using... 

WisdomTree China Dividend Ex-Financials ETF Is Nearly Ex-Health Care, Too

The WisdomTree China Dividend Ex-Financials Fund (CHXF) began trading Wednesday (9/19/12), offering investors a diversified way to access Hong Kong listed stocks without exposure to the Financials sector.   The universe of the underlying index is composed of non-financial Chinese dividend-paying stocks... 

VEGA ETF Has Mystery Target

The new AdvisorShares STAR Global Buy-Write ETF (VEGA), launched September 18, 2012, is an actively managed fund-of-funds ETF that intends to provide consistent, repeatable returns across all market cycles.  VEGA’s targeted outcome is managed by a proprietary strategy, which happens to have the same... 

An MSCI Frontier ETF Finally Arrives

Last week (9/13/12), BlackRock rolled out the first ETF tracking frontier markets based on the MSCI country classification system.  The iShares MSCI Frontier 100 Index Fund (FM) follows an index consisting of the 100 largest securities within the MSCI Frontier Markets universe. The 20 frontier markets... 

RTSA: Another Day, Another iPath Early Termination

Yesterday (9/13/12) was the last day of trading for two Barclays iPath ETNs, and just as they were about to wind down, the iPath Short Extended Russell 2000 TR Index ETN (RTSA) hit its early termination trigger.  RTSA will be delisted after the close of trading on September 19 and redeemed the following... 

SFSA and ROSA Hit Early Termination Trigger

Two Barclays iPath ETN products triggered their early automatic termination and redemption features on September 7, 2012.  The defining moments occurred when the intraday indicative note values of iPath Short Extended S&P 500 TR Index ETN (SFSA) and iPath Short Extended Russell 1000 TR Index ETN... 

Class Action Suit Against ProShares Dismissed

According to Reuters reporter Jessica Toonkel, New York Judge John G. Koeltl has dismissed a class-action lawsuit against ProShares filed by ETF investors who claimed the risks associated with investing in leveraged ETFs were not fully disclosed. At the time of the filing in August 2009, I outlined the... 

ETF Deathwatch for September 2012: Count Tops 400

ETF Deathwatch membership takes another huge leap this month, topping 400 for the first time ever.  Names totaling 403 (293 ETFs and 110 ETNs) are on the list for September, a hefty +147% increase of 240 over the 163 of a year ago.  Century marks are flying by, with the count surpassing 200 in October... 

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