New Colombia ETF Launched Today: GXG
Global X/InterBolsa FTSE Colombia 20 ETF (GXG) is the first ETF to focus on Colombia and the first offering from Global X Management Company. As the name implies, this ETF will consist of stocks from the 20 companies in the FTSE Colombia 20 Index. Today’s press release has a headline of “First…

New High-Yield Muni ETF: HYD
The Market Vectors High-Yield Municipal Index ETF (HYD) began trading today. This marks the second time this week that Van Eck Global provided access to an asset class previously unavailable to ETF investors. On Tuesday, they introduced Market Vectors Pre-Refunded Municipal Index Fund (PRB). The high-yield…

New ETF Provides Tax-Free Income and Treasury Backing: PRB
Have you considered investing in pre-refunded munis? If you are asking yourself what the heck is a pre-refunded muni, then you are not alone. Although “pre-res” have been around for years, their availability has generally been limited to institutional investors. Now they are accessible…

New ETNs Allow You to Buy Volatility: VXX, VXZ
I feel fortunate that representatives from innovative mutual fund companies like Rydex, ProFunds, and Direxion have been visiting my office since they were startups. These regular visits provide insight to their product plans, and allow me a chance to suggest ideas for new funds. Starting about a half-dozen…

More New Bond ETFs: BWZ and MBG
This week State Street Global Advisors announced the availability of two new bond ETFs under its SPDR brand. SPDR Barclays Capital Short Term International Treasury Bond ETF (BWZ) is designed to track the price and yield performance of the Barclays Capital 1-3 Year Global Treasury ex-US Capped Index. …

New ETF Ready to Take Flight: FAA
Claymore/NYSE Arca Airline ETF (FAA) received clearance for take-off today, but as of this writing, it is still sitting on the runway, awaiting that elusive first trade. This new ETF is based on the NYSE Arca Global Airline Index, ”a modified equal-dollar weighted index designed to measure the…

New Revenue-Weighted Quant ETF Launched Today: RWV
The press release touts it as a quant-driven ETF; applying revenue-weighting to Navellier’s alpha generating all-cap quantitative strategy. Louis Navellier’s approach to the market, and the methodology employed by RevenueShares both have merit, but a peak under the covers of this new ETF…

Two New International Bond ETFs: IGOV and ISHG
Two new international treasury ETFs from iShares launched today. iShares S&P/Citigroup International Treasury Fund (IGOV) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P/Citigroup International Treasury Bond Index Ex-US…

Market Vectors Indonesia ETF (IDX) Launched
The third new ETF of 2009 began trading yesterday, the Market Vectors Indonesia Index ETF (IDX). Van Eck Global, based in New York, is the manager for the new fund. The press release gives the impression that the underlying index was created specifically for this product. According to Van Eck Global,…

Direxion Announces First New ETFs of 2009
Two new 3x ETFs are slated to start trading today as Direxion launches products based on the Russell MidCap Index. The “bull” version is designed to provide +300% the daily move in the index, while the “bear” version provides -300% the daily move. Direxion, the boldest newcomer…