From the monthly archives:

June 2009

In the lastest milestone reached in the ETF industry this year, The Bank of New York Mellon (BNY) announced on Tuesday that it has exceeded $100 billion in ETF assets under custody for the first time. BNY, which maintained just a single portfolio of less than $1 billion a decade ago, is now by far the largest ETF custodian in the industry, servicing more than 350 separate funds. “This important milestone reflects the recent market upturn and the unwavering emphasis that BNY Mellon has put on delivering superior asset servicing capabilities for this rapidly growing segment of the global funds industry,” said Joseph Keenan, managing director and head of financial institution relationship management for BNY Mellon Asset Servicing. [click to continue…]

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With a rocky six months behind us, we turn towards the second half of 2009, a period long since filled with predictions over returns to growth and the end of a global recession. In many regards, the next two quarters will be a “make-it-or-break-it” session for the U.S. economy. If encouraging signs continue to appear, the recovery may gain momentum, and we could see ourselves headed back towards some semblance of the “good old days.” But, on the other hand, if the economy sputters and the stimulus plans implemented in the first half prove to be ineffective, we could see ourselves plunge deeper into the recession that has already claimed millions of jobs and erased billions of dollars of retirement savings. As we venture forward, here are three ETFs I think could post some attractive returns in the second half of the year. [click to continue…]

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With a roller coaster six months behind us that saw no shortage of interesting twists and turns and unsuspected headlines, we’ve finally reached the midway point of 2009. Ahead of us is the highly anticipated “second half of 2009,” which for months we’ve heard will hold returns to growth, a recovering economy, and enough green […]

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As the first half of 2009 draws to a close, it seems that we’re finally starting to see things return to some semblance of normality. Equity markets have rallied sharply since bottoming out in March. Volatility is back within its historical range after hitting record highs over the past year. And politicians in Washington have […]

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Separate dramas began to unfold over the weekend in Honduras and Argentina, attracting attention from an international community that has been largely fixated on the happenings in Tehran for the last two weeks. In Honduras, President Manuel Zelaya was exiled at gunpoint to Costa Rica, while in Argentina, president Christina Kirchner suffered a surprising setback […]

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China’s central bank once again stated the need for reform of the international currency system to reduce over-dependence on current reserve currencies (read: the U.S. dollar). While the People’s Bank of China (PBOC) didn’t specifically mention the dollar in its statement, the desire to replace the greenback as a central component of many countries’ foreign […]

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First Trust Advisors L.P., the manager of a popular line of more than 35 ETFs, has announced that its newest fund, the NASDAQ ABA Community Bank Index Fund, will begin trading on the NASDAQ exchange on July 1. The new ETF will trade under the ticker QABA and have an expense ratio of 0.60%. The index […]

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ETFdb Analyst Michael Johnston Discusses Iraqi Oil on BNN TV

by on June 26, 2009 | Updated July 29, 2009

ETF Database Senior Analyst Michael Johnston appeared on Business News Network’s “Final 15″ segment of The Close program earlier today with host Kim Parlee. During his live TV interview, Michael discussed news of the Iraqi government auctioning off its oil contracts beginning next week and what it could mean for three oil & gas ETFs: […]

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ETF issuers aren’t the only ones stepping up their games in an effort to grab market share as this industry continues its breakneck expansion. Knight Capital Group, a leading financial services firm that provides electronic market access and trade execution for nearly U.S. equity, announced a major effort to expand its ETF capabilities yesterday, the […]

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How To Fix the Leveraged ETF Mess

by on June 26, 2009 | Updated August 12, 2009

Leveraged ETFs have quickly become the hot-button issue in the ETF industry, dividing investors and observers into two distinct camps. On the one side are sophisticated day traders who believe these funds, which use derivatives and other complex financial instruments to provide amplified daily returns on a target index, are the greatest thing since sliced bread. And on […]

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Thursday marked the last day of trading for MacroShares $100 Oil Up (UOY) and $100 Oil Down (DOY), two securities that drew a lot of attention from the ETF community (even though they’re not technically ETFs), but were slow to catch on with investors. The development comes as no surprise, as MacroShares reported back in […]

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Following months of back-and-forth efforts, Taiwan Stock Exchange executives indicated that the countries could begin cross-listing exchange-traded funds as soon as July. “About three Hong Kong-listed ETFs will be introduced to Taiwan investors soon,” said Michael Lin, a senior executive vice president of the Taiwan Stock Exchange. The move is the latest, and perhaps most […]

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