SEC Reviews Derivative ETFs

The Securities & Exchange Commission announced last week it is conducting a “review” of ETFs and mutual funds that make heavy use of derivatives in their portfolios.  Pending the review, applications for new issues of such funds have been suspended.  Existing funds may continue to operate... 

Mutual Fund News – October 2009

In my All Star Fund Trader publication, I focus on ETFs and tradable mutual funds.  Tradable mutual funds are typical those from fund families that have no restrictions on trading frequency, namely Direxion, ProFunds, and Rydex. I also have a long history of using Fidelity funds, especially their Select... 

Direxion Changes Mutual Funds to Monthly Leverage

All the leveraged mutual funds offered by Direxion have changed their investment objectives as of the end of September.  Previously, Direxion offered a daily leverage factor of 2.5X, or -2.5X in the case of inverse mutual funds.   Now it will be 2X or -2X.  More important, the basis for the leverage... 

Buy the Pullback When it Arrives (GATEX)

Note:  The Gateway Fund is available in three share classes (A-GATEX, C-GTECX, and Y-GTEYX) with different sales loads, fees, and expenses.  Consult the prospectus, your advisor, and your broker prior to purchasing. The longs are in control with the stock market inching up the charts through the summer. ... 

Insincere Concern – the Banning of Leveraged ETFs

Some brokerage firms are banning the sale of leveraged and inverse ETFs.  They claim to be taking these steps out of concern for their clients, but the facts paint a different picture.  This story has been 16 years in the making.  Why all the fuss now? In June, FINRA issued a warning to brokers and... 

A Conservative Pick in an Uncertain Market (PRWCX)

Almost two weeks ago, the technicians were out in force.  We had tested and broken the intermediate market lows.  Collapse seemed inevitable.  But signs of a CIT Group (CIT) creditor-rescue and modest earnings have proven a boon to a shaky market.  Even crude oil is rising with the tide. It may be... 

First Alpha ProShares ETF Launched: CSM

The ProShares Credit Suisse 130/30 Large-Cap Index ETF (CSM) (fund overview) began trading today.  It becomes the second exchange-traded product to employ a 130/30 strategy.  Using the 500 largest U.S. market cap equities as its universe, and applying a rules-based ranking and weighting methodology,... 

First Trust Introduces Community Banking ETF

A new ETF, the First Trust NASDAQ ABA Community Bank Index Fund (QABA), began trading today.  This is neither a megabank ETF nor a regional bank ETF – it is a “Main Street” banking ETF. The Investor Guide says community banks now make up 96% of all banks in the US and play an important... 

PIMCO Enters ETF Arena With TUZ

Mutual fund behemoth PIMCO has been conspicuously absent from the ETF market.  Today that changed with the launch of PIMCO 1-3 Year U.S. Treasury Index Fund (TUZ).  Combine this with reports that Vanguard is bidding to buy the iShares ETF label from parent company Barclays, and it looks like we may... 

Not Much New at Fidelity Funds

This article is the third in a series about mutual funds.  I previously covered Rydex Funds and Direxion Funds. Once upon a time, there was a company that was a true pioneer in the mutual fund business.  Their global approach to growth investing (from bygone decades) with the likes of the Magellan... 

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.