From the monthly archives:

September 2010

Old Mutual Global Index Trackers (OMGxT), a South African-based asset manager, announced last week that it plans to shut down five ETFs listed in the U.S. under the GlobalShares brand, ending a brief experiment that failed to attract significant interest. Trading in the five ETFs will be suspended prior to the market opening on October 6, and shareholders of record as of October 8 will receive the net asset values of their shares. The ETFs to be closed down include: [click to continue…]

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Despite sagging confidence, some retail firms have managed to post strong results over the summer thanks to solid back-to-school spending and easing fears over a total collapse in the economy. Luxury spending was up 9% in the most recent quarter, while quick service and upscale dining both saw spending increases of double digits. However, this strength will be put to the test later today as investors digest news regarding Walgreen’s earnings release and the U.S. Consumer Confidence report for September [see all the ETFs in the Consumer Discretionary ETFdb Category]. [click to continue…]

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After sharp gains on Friday, U.S. equity markets fell back on a rocky day of trading that saw stocks dip to start the week, then surge in afternoon trading, only to fall back once again to finish the session. The Dow dipped by 0.4% while the Nasdaq and S&P 500 fell by 0.5% and 0.6%, [...]

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As the third quarter draws to a close, 2010 hasn’t exactly been the year full of M&A activity some analysts thought it would be, but a number of high profile marriages have helped to give the still fragile economy a boost. Already this year has witnessed successful bids for data storage firm 3Par and McAfee [...]

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As the ETF world continues to expand at an impressive pace, a number of companies have sought to bring their own lineup of funds to the market in order to grab a piece of this rapidly-increasing pie. However, some have taken a different approach to gaining an ETF foothold, preferring to buy up existing issuers [...]

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The meteoric rise of the ETF industry–and to a smaller extent the introduction of index mutual funds some 20 years earlier–has had the effect of transforming indexes from hypothetical measures of performance into investable assets. As indexing strategies continue to gain more widespread acceptance with all levels of investors, the scrutiny of construction and maintenance [...]

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Despite the Flash Crash speed bump, ETF assets and new fund launches have been growing at a tremendous pace over the summer months; a variety of funds targeting new locales or bringing fresh ideas to investors have hit the market in recent weeks, further dispelling the myth of an “ETF Bubble.” Beyond the most recent [...]

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Although September has historically been one of the weakest months of the year for U.S. equities, markets have thrown aside this historical trend in recent weeks and continued their impressive rally last week. The S&P 500 got off to a good start in Monday trading only to stay range bound over the next day before [...]

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With nearly nine months in the books, 2010 is shaping up to be the year of price wars in the ETF industry. In the past several months, a number of big names have slashed expense ratios on some of their most popular products, in an effort to attract cost-conscious investors. Charles Schwab and Vanguard have [...]

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This week was yet another eventful one, bringing plenty to the table for investors to chew on. All eyes were on the Fed this week as Bernanke & Co. hinted at plans to take more aggressive steps if the economy does not get back on track soon. We also saw the government announce the official [...]

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The last week has been an eventful one in the ETF industry, and not just for the flurry of new product launches from Vanguard, PIMCO, and WisdomTree. A recent article penned by Andrew Bogan, managing member of a Boston-based asset management firm, caused a surge in anxiety among ETF investors, spreading concerns about the stability [...]

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Equity markets surged on Friday to post the fourth straight weekly gains for major American indexes. The Dow gained close to 200 points in the day while the Nasdaq and the S&P 500 rose by 2.3% and 2.1%, respectively. Gold flirted with the $1,300/oz. mark and finished the day ahead by $1/oz., while oil also [...]

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