Broken Product Count Jumps To 39 With Deutsche Bank ETN Creation Suspensions

Deutsche Bank (DB) announced it will temporarily suspend creations of 26 exchange-traded notes (“ETNs”) after the close of trading on March 29, 2013 (sic).  DB apparently forgot March 29 is a market holiday, so the last day of “non-broken” status for these ETNs will actually be March 28.  The... 

Fidelity Increases Commission-Free ETFs to 66

On March 13, 2013, Fidelity Investments and BlackRock, Inc. (BLK) announced changes to their long-term strategic alliance.  This includes expanding the quantity of no-commission iShares ETFs from 30 to 65, achieved by adding 45 ETFs to the list and removing 10.  Fidelity’s lone ETF offering, Fidelity... 

SPY Turns 20

The SPDR S&P 500 ETF (SPY) is twenty years old today.  It became the very first U.S. listed exchange traded fund (“ETF”) on January 29, 1993.  About a million shares changed hands that first day, with SPY closing at $43.94.  SPY was designed to have a price approximately 10% of the S&P... 

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 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... 

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... 

ETF Field Guide Leads Investors Through The Jungle

The ETF/ETN industry’s explosive growth the last few years has outpaced the availability of complete, standardized data.  Unaware of potentially superior products, investors often make uninformed advertising-driven choices. Every year the ETF jungle grows denser and murkier.  Blazing a trail... 

Launch of Ameritrade ETF Supermarket

TD Ameritrade (AMTD) today announced the launch of its Commission-Free ETF Market Center.  The October 8, 2010 press release states that more than 100 commission-free ETFs, selected by Morningstar, are available to clients of Ameritrade that register for the program. “We worked with independent... 

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... 

IVV: Buying the S&P 500 Without Commissions

Investors have plenty of ETF options to track major U.S. asset classes. The benchmarks sometimes have significant overlap, and in some cases more than one ETF follows the same index. How do you tell which one is better? One important factor is expenses. Take two ETFs designed to track the S&P... 

Next Page »

Free Special Report

With interest rates near zero, how can you generate income with your nest egg? Our free special report shows you how. cover art
You will also receive our weekly market commentary and unique analysis based on our Edge Charts. Privacy

The Market Today

Subscribe to Commentary

Sign up HERE to get breaking news from Invest With An Edge & other updates.