Extreme Makeover Season

Extreme makeovers historically have been rare in the ETF world, averaging less than one per year.  In stark contrast, the past few weeks produced three such events, blowing the doors off of historical trends. It isn’t unusual for an ETF to change its underlying index...

New Guggenheim Funds Are Not New

Despite what you may have read, Guggenheim did not launch any new ETFs last week.  You can safely ignore the headline in the Guggenheim press release.  What really happened is buried deep within that press release whose headline is totally wrong: as of June 1, 2011,...

WMCR: Trying to Cheat Deathwatch

Representatives of most ETF firms don’t like seeing their products on ETF Deathwatch, although some follow the “any publicity is good publicity” theory.  Then there is Claymore, a firm that seems to take avoiding ETF Deathwatch to great extremes. Last Friday (8/20), a...

Extreme Makeover – ETF Edition

Last Friday (7/24/09), one ETF died and a new ETF was born.  However, you won’t see these events in most ETF statistics because it was the same fund. Claymore/Great Companies Large-Cap Growth Index ETF was launched on 4/3/07 under the ticker symbol XGC.  The ETF did...