MLPA: Another C-Corp Double Taxation ETF
And then there were three. The listing of Global X MLP ETF (MLPA) today (4/19/12) makes it the third ETF structured as a C-corporation, thereby subjecting its shareholders to the heavy burden of double-taxation on taxable income received from the fund and all capital gains. Like its two predecessors,...
YMLP: Another Abomination of the ETF Wrapper
There are 1,441 ETFs and ETNs listed for trading today. 1,439 of them are not structured as C-corporations and, therefore, generally not liable for any federal or state taxes. The other two ETFs do have a C-corporation structure, which is costing their shareholders millions of dollars (more than...
Can PIMCO Total Return ETF (TRXT) Live Up To Its Hype?
Note: the ticker for this ETF changed from TRXT to BOND effective April 4, 2012. The PIMCO Total Return Exchange-Traded Fund (TRXT) began trading March 1, 2012. Prior to its launch, TRXT became the most highly anticipated ETF introduction since the MacroShares Major Metro Housing Up/Down pair (UMM...
Global X Brings Permanent Portfolio Concept To ETFs
Global X introduced the Global X Permanent ETF (PERM) on 2/8/12 to provide investors with access to “proper diversification” in a simple, transparent, and cost-efficient single ETF. The fund allocates 25% to each of four asset classes, although some investors may consider it just three as two of...
FRAK: Conventional ETF Access to Unconventional Oil & Gas
Van Eck Global, the firm behind the Market Vectors brand of focused ETFs, unveiled the Market Vectors Unconventional Oil & Gas ETF (FRAK) on 2/15/12. The underlying rules-based index targets companies expected to generate at least 50% of revenues from the unconventional oil and gas segment defined...
9 New Bond ETFs in February
Nine new bond ETFs came to market in February, including the first sector bond ETFs and leveraged TIPS spread funds. Seven of the nine came from BlackRock’s iShares brand. The 2/16/12 launches included bond sectors, high quality corporates, mortgage-backed securities, and even an aggregate...
15 More International ETFs for February
If you thought the rollout of 14 international and global ETFs in early February was enough for one month, then think again. The latter half of the month produced yet another 15 international ETFs. This wave consists of seven single-country and two small cap ETFs carrying the First Trust AlphaDEX...
VelocityShares Rolls Out Leveraged Energy and Copper ETNs
VelocityShares introduced eight new leveraged and inverse exchange traded notes (“ETNs”) tied to the daily performance of crude oil, natural gas, and copper futures. The February 8, 2012 launch included six energy related products providing 3x long and 3x inverse exposure to West Texas Intermediate,...
BlackRock Floods ETF Market In Early 2012
BlackRock (BLK) continues flooding the market with new ETF introductions this year. Following a dozen January introductions, the firm released 14 more in early February. All 26 provide international or global exposure, with many aimed squarely at competitive products. BlackRock also hopes its iShares...
Seven Single-Country ETFs from iShares on BATS
BlackRock rolled out seven new single-country ETFs in late January. Three are the first iShares products to individually target Denmark, Finland, and Norway. Four others complement existing large cap offerings with small-cap exposure in Australia, Canada, Germany, and the U.K. January was a busy...
