This Week in ETFs: September 11th Edition

by on September 11, 2009 | ETFs Mentioned:

It’s been an interesting but holiday shortened week in the world of ETFs: Obama gave a speech to a joint session of Congress on Healthcare and Oil is now holding steady above $71/bbl. Here are the ETF Database staff picks of the week’s most important and interesting stories from around the Web:

New Gold ETF Takes On GLD, IAU at Index Universe:

A new ETF has hit the market in the very competitive and popular gold product space. With gold hovering near $1,000/oz, this new ETFS Physical Gold Shares (SGOL) from ETF Securities, which is backed by gold held at Swiss vaults, is ready to compete with the more established GLD and IAU. For gold bugs looking to diversify their holdings across countries, SGOL is a welcome development.

10 ETFs That Don’t Exist, But Should at ETF Database:

This articles explores 10 types of ETFs that are currently not offered, but might be very popular if introduced. The list ranges from bond ETFs to country-specific funds to an alternative inflation-protected security.

XLU: The Last Bounce for Utilities? at ETF Corner:

This author details why he thinks that XLU will bounce lower before breaking out of its current trend and start shooting upwards. Charts show that the price has wedged upwards, bouncing off of weaker and weaker support and resistance levels each time, suggesting that the trend will soon be broken.

Losing in ’09: Heavily Traded, Extremely Unloved ETFs at ETF Expert:

Many ETFs have regained nearly all of the ground that they lost in in the past 52 weeks, but a few have not. This article talks about five ETFs that are still negative year to date and how some are surprising members of the list. The author then analyzes why each of the funds has struggled to return to positive territory with the rest of the market.

Huge Surprise in Oil Inventory Data at

The Labor Day Weekend, which traditionally signals the end of the summer driving season, put the weekly oil inventory report into focus. Oil inventories were down sharply, but gasoline inventories went up. Both moved well outside of analysts’ expectations and have had an impact on energy ETFs.

That’s it for This Week in ETFs: happy reading. Have a great weekend everyone!