Anniversaries: 1-Year for Bull, 10-Years for Bear
There was much ado regarding the one-year anniversary of the new bull market this past week. So much, in fact, that it overshadowed the 10-year anniversary of the Nasdaq bear. Right now one-year performance figures are mostly meaningless. Many of the funds currently sporting the largest one-year...
Six More ETFs From Direxion
On Thursday (3/11/2010) Direxion added six new funds to its menu, giving investors leveraged and inverse opportunities in the BRIC countries, India, and the semiconductor sector. This was Direxion’s second batch of new ETFs this year. Back in February they launched two leveraged and inverse...
RBL: New Russia ETF from SPDR
Thursday (3/11/2010) was the first day of trading for SPDR S&P Russia ETF (RBL). The fund follows the S&P Russia Capped BMI Index, which seeks to reflect the performance of investable stocks domiciled in Russia. RBL will compete mainly with Market Vectors Russia (RSX), which until now has been...
Claymore Introduces 3 Me Too ETF Clones
Claymore, the ETF sponsor that has closed 17 funds and has 12 more on ETF Deathwatch, introduced three new ETFs yesterday (3/9/10). They appear destined for a similar fate. The three new ETFs are Claymore Wilshire 5000 Total Market ETF (WFVK), Claymore Wilshire 4500 Completion ETF (WXSP), and Claymore...
Designing the Perfect Gold ETF
The recently-introduced Sprott Physical Gold Trust (PHYS) is getting a lot of attention from gold-oriented investors. My colleague Ron Rowland explained how PHYS is Not an ETF despite some superficial similarities. The conversation about PHYS often comes back to one central question: Can an investor...
India Offers Opportunity For Investors (EPI)
When it comes to emerging markets, investors focus a lot of attention on the BRIC nations, Brazil, Russia, India and China. When it comes to BRIC, Brazil and China get most of the attention. China is a once-in-a-lifetime growth story, and Brazil has become the tenth largest economy in the world due...
ETF News: Reverse Splits and Name Changes
EDZ Reverse Split: The Direxion Daily Emerging Markets Bear 3x Shares (EDZ) (launch article) will have a 1:10 reverse split as of today’s close with trading at the post-split price to commence on Thursday (3/4/10). EDZ closed at $5.12 which should translate into an opening price tomorrow in the neighborhood...
ETF Deathwatch for March 2010
The number of exchange-traded products (ETPs) on ETF Deathwatch crept back into triple-digits this month. For March, the quantity is 104 (71 ETFs and 33 ETNs), up from the 99 for February. Only four funds were launched last August. Since they surpassed six-months of age during February, they are...
ETF Stats for February 2010
Note (added 3/2/10): This article contains errors due to the fact that PHYS is not an ETF. Corrections include: New ETPs for the month = 17 (16 ETFs and one ETN); currently listed products = 964 (873 ETFs and 91 ETNs); table requires adjustments to reflect new quantities; new launch #18...
PHYS: Now You Can Store Your Gold in Canada
Note (added 3/2/10): The article below contains an error. PHYS is actually a closed-end fund, not an ETF. For more information, see PHYS is Not an ETF. Sprott Physical Gold Trust (PHYS), the latest physically backed gold exchange-traded product began trading yesterday (2/26/10) on the NYSE. The...
