The summer months are often slow ones for many businesses, with vacations taking priority over conference calls and sales pitches. But the ETF industry has seen a boom in recent months as several issuers have introduced new funds to the marketplace, continuing the breakneck pace of expansion that the ETF industry has enjoyed for several years now. Since April, when the ETF industry actually contracted by 14 funds, we’ve seen countless new fund additions with only a handful of closures. A recap of the industry’s recent expansion: [click to continue…]
Christian Magoon is the President and Senior Managing Director of Claymore Securities, Inc. He recently took time out of his busy schedule to talk with ETF Database.
The United States Natural Gas Fund (UNG), its hands tied by regulations expected to be enacted by the Commodity Futures Trading Commission (CFTC) and other government agencies, is getting creative in its attempts to expand the size of its fund without increasing its exposure in listed futures contracts. UNG, which last month entered into a [...]
Barclays Global Investors announced yesterday that it has temporarily suspended the creation of new shares of the iShares S&P GSCI Commodity-Indexed Trust (GSG). “We’ve taken this temporary step to protect existing investors from being adversely affected by market reaction to proposed new regulations of commodity futures that have created uncertainty,” said Michael Latham, co-CEO of [...]
ETF Securities, the firm responsible for the world’s first gold and oil exchange traded products that recently made its initial foray into the U.S. ETF market, continues to add to its list of “ETF firsts.” On Monday, the London-based firm launched Japan’s first precious metals ETF platform on the Tokyo Stock Exchange, offering Japanese investors [...]
Pimco, which made major waves when it launched its first exchange-traded fund in June, has introduced its second fund, the Pimco 1-5 Year U.S. TIPS Index Fund (STPZ). When Pimco filed to launch its 1-3 Year U.S. Treasury Fund (TUZ), it also filed for approval on six additional indexed ETFs, including:
The tremendous growth rates experienced by the ETF industry over the last two years have largely been viewed as a huge win for individual investors. The rise in popularity of indexing as an investment strategy and introduction of hundreds of new exchange-traded products has allowed smaller players to take control of their own portfolios, slashing [...]
Dow Jones & Co. has begun searching for potential buyers of its stock-market indexing unit, which includes the widely-reported Dow Jones Industrial Average. The unit of Dow Jones, which publishes the Wall Street Journal and was purchased by News Corporation in late 2007, creates and licenses indexes for use by ETFs, mutual funds, and other [...]
It’s been an exciting week in the world of ETFs, with new fund launches, a nice run-up on Wall Street, and plenty of other happenings. Here are the ETF Database staff picks of the week’s most important and interesting stories from around the Web:
“The only man I envy is the man who has not yet been to Africa, for he has so much to look forward to”. – Anonymous 19th century quote
ProFunds Group, a leading provider of inverse and leveraged ETFs, launched today an ETF designed to provide short exposure to the market for long-term U.S. Treasuries. The ProShares Short 20+ Year Treasury (TBF) is designed to deliver the inverse of the return on the Barclays Capital 20+ Year U.S. Treasury Index for a single day. [...]
