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...
INXX: India Infrastructure ETF Now Available
If you like India, and you like infrastructure, Emerging Global Shares now has an ETF just for you. The Emerging Global Shares Indxx India Infrastructure ETF (INXX) is open for business. This is the firm’s third offering directed toward emerging markets infrastructure stocks; similar ETFs covering...
ELD: Emerging Markets Local Debt, Active Edition
Yesterday (8/9/10) WisdomTree made a little bit of a splash with the launch of WisdomTree Emerging Markets Local Debt Fund (ELD). We call it a “splash” because the firm apparently lined up some big buyers even before the new ETF hit the tape. Assets are already at $125 million. ELD is very...
SQM: Playing The Lithium Boom Chile-Style
With the boom in global demand for alternative-fueled vehicles, now may be a good time to break out your Periodic Table of Elements from science class. It’s time to learn something about lithium. Represented by the symbol “Li,” lithium is the lightest and least dense of the solid elements. Lithium...
EMLC: Emerging Markets Local Currency Bond ETF From Market Vectors
ETF sponsors continue to impress with their ability to sniff out new market niches around which to build products. Van Eck is among the best in this regard. Last week (7/23/10) the firm introduced Market Vectors Emerging Markets Local Currency Bond ETF (EMLC), a fund whose name describes exactly...
Direxion Offers 2x Retail and Natural Gas
Expansion of the leveraged ETF menu continued this week with the (7/14/2010) launch by Direxion of long and short 2x sector ETFs for the Retail and Natural Gas sectors. Direxion now offers a total of 38 leveraged ETFs, according to the firm’s press release. The new funds are: Direxion Daily...
IAU Split Reveals iShares Exasperation
When ETF investors think about gold, the first ticker that springs to mind is GLD – the SPDR Gold Trust. This is a source of great annoyance to iShares. They would much prefer that you buy their near-identical iShares COMEX Gold Trust (IAU), which is a distant runner-up in the asset race. In...
CORN: Now Trading as an ETP
Today (6/9/10) brought a new ETF-like instrument, Teucrium Corn Fund, with the memorable ticker symbol CORN. I say “ETF-like” because CORN, like nearly all futures-based exchange-traded products, is actually structured as a “commodity pool”. CORN is essentially a way to repackage...
PICB: Another International Corporate Bond ETF
Today (6/3/10) Invesco PowerShares brought out an International Corporate Bond Portfolio under the ticker PICB. Yield-hungry investors who are willing to accept currency risk may want to take a look. PICB will attempt to reflect the performance of the S&P International Corporate Bond Index. This...
BNO: Brent Oil Fund Now Available
With offshore oil drilling in the headlines – and not in a good way – now might seem like a curious time to launch another crude oil product. Yet the world needs oil, regardless how much of it spills into the sea. Today (6/2/10) marked the launch of United States Brent Oil Fund (BNO)...
