Don’t Believe The Hype – New ETF Is Neither Free Nor First

Perhaps you’ve seen the hype.  Dressed up as “news” stories and industry insights in otherwise reputable media outlets and blogs, the true facts behind this new ETF contradict the headlines. A mash-up of the many headlines I observed this week might read “The First Free ETF Finally Arrives”... 

ETF Deathwatch for December 2014: A Zombie Milestone

The ETF Deathwatch membership roll contains four fewer products this month.  Ten new names joined the list, and fourteen came off.  Ten of the removals were due to improved health, while the other four ceased operations in November.  The overall count now stands at 327, consisting of 226 ETFs and... 

ETF Stats for November 2014 – Just Shy of $2 Trillion

ETF assets moved closer to crossing the $2 trillion threshold, but they haven’t accomplished the task yet.  Finishing the month at $1,979,993,748,006 means it will only take a 1% increase in December to end the year above this significant level.  Through a combination of inflows and market gains,... 

Downplaying Black Friday

This week marks the beginning of the sprint to the finish line of 2014.  Yesterday, our country held its annual thanks.  Ironically, the day after we give thanks for everything we have, we are encouraged to spend lavishly on gifts and things we do not have.  What was once a subtle shifting of gears... 

ETF Deathwatch for November 2014: 20% of the Industry

Eighteen zombie ETPs joined ETF Deathwatch this month while six exited due to improved health and nine more were removed because they ceased operations.  The net increase of three pushes the overall count to 331, consisting of 226 ETFs and 105 ETNs. There were 1,652 products listed for trading at the... 

Eaton Vance ETMFs – A Giant Step Backward

Last month, the SEC correctly shot down the nontransparent ETF application from BlackRock (BLK) and Precidian as not being in the interest of the public.  This week, many ETF pundits are trumpeting the SEC’s recent approval of Eaton Vance’s new ETMF (Exchange Traded Managed Fund) structure.  However,... 

ETF Stats for October 2014 – Trading Activity Surges 71%

ETF trading activity, as measured by dollar volume, exploded in October to more than $2.3 trillion.  This is a 71% increase over September and the highest level in more than three years.  Assets under management increased 3.4% from the prior month to end at $1.91 trillion, establishing a new month-end... 

SEC Gets One Right Putting Kibosh On Nontransparent ETFs

Nontransparent ETFs would be detrimental to ETF investors.  Nontransparent ETFs fly in the face of the primary tenets of what constitutes an ETF.  Nontransparent ETFs are not in the public interest. Earlier this week, the SEC struck down a request that would have allowed ETFs to keep their holdings... 

ETF Deathwatch for October 2014: Two 6-Year Old Products Join

Thirteen names were added while fifteen came off the ETF Deathwatch this month.  The net reduction of two is not as good as it seems since nine that departed were the result of actual fund closures.  Just six escaped the honorable way by improving their health.  This month’s list contains 328 products,... 

ETF Stats for September 2014 – Count at 1,650

Eighteen ETFs and two ETNs came to market in September while thirteen ETFs closed their doors.  Both the closure and launch counts should have been one number higher, but BlackRock (BLK) chose to perform an extreme makeover on a seven-year old iShares ETF rather than closing it and launching a new one. ... 

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