It’s been an exciting week in the world of ETFs, with new fund launches, an up-and-down ride 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:
ETF Hall Of Shame: Nine Exchange-Traded Debacles at ETF Database:
Innovation is a quality that is very much admired and cherished in the dynamic financial services industry. That being said, viability and timing of ideas is essential for success – and these qualities were clearly lacking for these nine ETF issues
ETF Securities is continuing to expand and is rapidly gaining momentum in the ETF world. In addition to launching five new funds, SIVR‘s silver bullion holdings have already exceeded $80 million less than a month after inception.
PowerShares Plans To Globalize PSP’s Portfolio at IndexUniverse:
It would be an understatement to say that the private equity industry struggled in 2008, with PSP (an ETF that tracks the industry) losing more than 64% in 2008. But the ETF’s fortunes seem to be changing (up 22% YTD) and expanding the focus of the fund could bring about more opportunities.
Natural Gas ETF Weighs Options at the Wall Street Journal:
Regulators are serious cracking down on speculation in the energy markets, keeping the U.S. Natural Gas Fund (UNG) on its toes. The fund’s total holdings now account for about a whopping 30% of all natural-gas futures contracts outstanding, sparking worries about its influence on prices.
Your ETF Tax Questions Answered at Morningstar:
The article ventures into the tax efficiency trait of ETFs and gives a balanced explanation of some of the tax consequences of ETF transactions. A must read for any ETF investor.
That’s it for This Week in ETFs: happy reading. Have a great weekend everyone!