iShares Introduces Core ETF Lineup

BlackRock (BLK) strengthened its core lineup of ETFs by repositioning six of its existing ETFs and launching four new ones.  The 10 ETFs cover three major asset classes, feature aggressive pricing, and constitute the new “iShares Core” class within the iShares brand.  This move essentially eliminates... 

EMCR: EGShares Brings New Approach To Emerging Market ETFs

Emerging Global Advisors launched the EGShares Emerging Markets Core ETF (EMCR) on October 16, 2012.  The new ETF’s underlying index, the S&P Emerging Markets Core Index, uses a modified equally-weighted approach and a rules-based methodology.  It attempts to measure the performance of companies... 

New Barclays Shiller CAPE Sector Rotation ETN

Barclays introduced a new exchange traded note (“ETN”) on October 11 under the ETN+ brand instead of the more familiar iPath brand.  The Barclays ETN+ Shiller CAPE ETN (CAPE) will track the Shiller Barclays CAPE US Core Sector Index minus the 0.45% annual fee.  The Cyclically Adjusted Price Earnings... 

WisdomTree Closing 3 ETFs in December

WisdomTree (WETF) recently announced its intent to close three of its ETFs.  Two of the closures are actively managed currency funds, while the third tracks an earnings weighted index of large cap growth stocks.  The funds will remain open for about six more weeks, with the last day of trading scheduled... 

QuantShares Closing 3 Market Neutral ETFs

FFCM, the advisor to the QuantShares family of ETFs, announced the termination and liquidation of three of its funds.  The last day of trading will be Friday, November 2, 2012.  To avoid any surprises, I advise shareholders to dispose of their holdings prior to the delisting, use a limit order, and... 

ETP Closures Hit 300

ETP closure activity this week pushed the lifetime death toll to 300 and the year-to-date count to 89.  Early October action from iPath, Russell, and Global X resulted in 30 delistings so far this month. If a tree falls in the forest and no one is there to hear it, does it still make a sound?  If an... 

FlexShares Introduces Enhanced Money Market ETF

FlexShares Ready Access Variable Income Fund (RAVI) was listed for trading on October 11, 2012.  It is an actively managed ETF that attempts to preserve capital, maintain liquidity, and reach for higher returns without undue volatility.  RAVI features a variable net asset value (NAV) and can invest... 

QMN: New Market Neutral ETF from Index IQ

Index IQ added to its lineup of hedge fund replication ETFs on October 4, 2012 with the launch of IQ Hedge Market Neutral Tracker ETF (QMN).  The new ETF seeks to track, before fees and expenses, the performance of the firm’s own IQ Hedge Market Neutral Index.  QMN does not invest in hedge funds. ... 

ETF Deathwatch for October 2012: The Zombie ETFs Among Us

In the ETF world, some things are backwards.  For example, October is a time for costumes, and Zombie costumes are a perennial favorite with healthy humans dressing up as the fictional walking dead.  In the ETF world, there are actual Zombie products.  However, many of them dress up in a fancy website... 

ETF Stats for September 2012 – Largest Decline In Listings Ever

The quantity of ETP listings at the end of September was 18 fewer for the month and 20 fewer for the quarter, the largest declines ever.  The one-month closure tally of 24 also established a new record.  The current ETP listing count now stands at 1,456 and consists of 1,252 ETFs and 204 ETNs.  As...