PEK Already Trading At Substantial Premium

Van Eck Global launched Market Vectors China A-Shares ETF (PEK) yesterday (October 14, 2010). Today, it is trading at more than a 14% premium to its net asset value. Is PEK truly an ETF, or is it more like a closed–end fund? PEK claims to be the only US-listed ETF designed to give investors exposure…

Ron To Present On ETF Dangers At Dallas Investors Forum

You are all invited to attend my presentation on “ETF Dangers & How To Conquer Them” as part of the Dallas Investors Forum this Saturday morning October 16, 2010 starting at 8:30am. I will be covering three major sources of risk when using ETFs: Liquidity, Execution, and Structure. Numerous…

PowerShares Closing 10 ETFs in December

Invesco PowerShares announced plans to close 10 ETFs due to lack of investor interest. The last day of trading will be December 14, 2010. The firm is providing a full two-month notice, a move I consider to be shareholder-friendly. As always, I recommend shareholders avoid the liquidation process…

Launch of Ameritrade ETF Supermarket

TD Ameritrade (AMTD) today announced the launch of its Commission-Free ETF Market Center. The October 8, 2010 press release states that more than 100 commission-free ETFs, selected by Morningstar, are available to clients of Ameritrade that register for the program. “We worked with independent…

New JPMorgan Inverse Treasury ETNs Provide Dual Reset Mechanisms

JPMorgan Chase listed two new exchange-traded notes (ETNs) on October 5, 2010 providing leveraged inverse exposure to U.S. Treasury futures. JPMorgan Quarterly Double Short US Long Bond Treasury Futures ETNs (DSTJ) and JPMorgan Quarterly Double Short US 10-Year Treasury Futures ETNs (DSXJ) employ dual…

CSMA: Can Merger Arbitrage Be Indexed?

Credit Suisse Merger Arbitrage Liquid Index ETN (CSMA) began trading October 4, 2010. These ETNs are senior unsecured debt designed to provide investors with the returns of the Credit Suisse Merger Arbitrage Liquid Index. The index attempts to capture the spread between the target company’s price…

ETF Stats for September 2010: Vanguard Not Content With Third Place

New ETF creation activity picked up in September as 27 new products came on the market. New arrivals consisted of 25 ETFs and two ETNs. Vanguard was singularly responsible for the majority of new listings, launching 16 new ETFs in two separate waves. Particularly noteworthy about the Vanguard launches…

ETF Deathwatch for October 2010

The number of exchange-traded products (ETPs) on ETF Deathwatch declined slightly this month to 149 (113 ETFs and 36 ETNs). Six ETFs were delisted and closed during September, while the quantity on Deathwatch only declined by four from last month as other products were quick to fill the void. The six…

First Inverse MLP Product Hits The Market: MLPS

The UBS E-TRACS 1x Monthly Short Alerian MLP Infrastructure Total Return Index ETN (MLPS) began trading September 29, 2010. Exchange-traded products (ETFs and ETNs) focusing on Master Limited Partnerships (MLPs) have been coming to market at a rapid pace, and investors now have seven to choose from. …

EPHE: The First Philippines ETF Arrives

The first Philippines ETF hit the market on September 29, 2010 in the form of iShares MSCI Philippines Investable Market Index Fund (EPHE). The underlying MSCI index is a free-float adjusted market capitalization weighted index designed to measure the performance of the top 99% (by market cap) of equities…