BSCB: Not Your Typical ETF Closure
Today (December 29, 2011) is the last day of trading for the Guggenheim BulletShares 2011 Corporate Bond ETF (BSCB). In what is believed to be the most timely liquidation and payment to shareholders, the fund’s final distribution will be payable tomorrow. The delisting, liquidation, closure, and...
RBS Extends Trendpilot Concept to NASDAQ 100
Royal Bank of Scotland (“RBS”) introduced a new member of its Trendpilot exchange-traded notes (“ETNs”) line on December 13, 2011. The RBS NASDAQ 100 Trendpilot ETN (TNDQ) is linked to a systematic trend-following strategy. The methodology tracks the NASDAQ 100 Index when above its 100-day...
GREK Gets You To The Greek
Earlier this month (12/8/2011) Global X Funds launched the first US-listed ETF targeting Greece. Global X FTSE Greece 20 ETF (GREK) is based on the FTSE/ATHEX 20 Capped Index of the top 20 Athens Exchange-listed companies ranked by full market capitalization. We all know Greece has its problems. ...
Direxion Launches Two Insider ETFs: KNOW and INSD
Two new Direxion ETFs, both launched December 8, 2011, try to give investors access to the stocks corporate insiders are accumulating. The Direxion All Cap Insider Sentiment Shares ETF (KNOW) is based on the Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index and the Direxion Large Cap Insider...
Inflation/Deflation ETN Pair Available from PowerShares
PowerShares DB US Inflation ETN (INFL) and PowerShares DB US Deflation ETN (DEFL) began trading December 6, 2011. They claim to be the first exchange-traded products offering direct exposure to US inflation/deflation expectations, i.e. the spread between Treasury Inflation-Protected Securities (TIPS)...
Global X Introduces ETFs Of New NASDAQ Indexes
Global X Funds launched two new products on December 6: Global X NASDAQ 500 ETF (QQQV) and Global X NASDAQ 400 Mid Cap ETF (QQQM). The underlying indexes are also new. The NASDAQ 500 Index is capitalization-weighted and consists of the 500 largest domestic and international non-financial securities...
Three IndexIQ ETFs To Disappear Today
Today (12/23/2011) is the last day of trading for IQ Taiwan Small Cap ETF (TWON), IQ Hong Kong Small Cap ETF (HKK), and IQ Japan Mid Cap ETF (RSUN). According to the press release (pdf), shareholders who do not sell their holdings by today will have their shares automatically redeemed on December 30,...
Last Day For CRBA and CRBI
Jefferies | TR/J CRB Global Agriculture Equity Index Fund (CRBA) and Jefferies | TR/J CRB Global Industrial Metals Equity Index Fund (CRBI) were launched in October 2009 and will be delisted after today (December 22, 2011). Investors should sell their shares immediately to avoid any potential pitfalls...
Termination of 17 HOLDRS Marks End of an Era
HOLDRS first arrived on the scene in September 1999, with Internet HOLDRS (HHH) becoming the 31st ETF listed for trading on a U.S. stock exchange. Merrill Lynch, the sponsor, now acknowledges the antiquated structure of HOLDRS, and all seventeen products will be terminated this week. The closures...
Two New SPDR Bond ETFs Extend Lineup
State Street Global Advisors rolled out two fixed income ETFs on December 1. SPDR Barclays Capital Investment Grade Floating Rate ETF (FLRN) and SPDR Barclays Capital Short Term Treasury ETF (SST) help round out the SPDR bond fund offerings, but don’t offer anything new or innovative. SPDR Barclays...
