UBS continued an aggressive expansion of its lineup of exchange-traded notes this week, debuting a product offering leveraged exposure to a hot corner of the technology sector. The launch of the ETRACS Monthly 2x Leveraged ISE Cloud Computing TR Index ETN (LSKY) comes exactly three months after First Trust debuted an ETF linked to the same index; SKYY began trading in early July. The new UBS ETN will seek to deliver monthly results that correspond to 200% of the change in the ISE Cloud Computing Index, a benchmark that consists of about 40 stocks. [click to continue…]
After announcing the automatic termination last week of the Inverse January 2021 S&P 500 VIX Short-Term Futures ETN (IVO), iPath was quick to roll out a successor fund that will maintain a generally similar investment objective. Monday marked the first day of trading for the Inverse S&P 500 VIX Short-Term Futures ETN (IVOP), which will [...]
Earnings season kicked off last week , but even corporate performance wasn’t enough to distract investors from the financial woes at home and overseas. Moody’s downgrade of Ireland to junk status sent waves of panic across the financial markets as investors speculated that Italy would be the next. Ben Bernanke’s testimony to Congress sparked a [...]
Innovation has been on display in the ETF industry in recent years, as various issuers have been active on the product development front in their efforts to bring new and exciting products to market. One area that has seen tremendous growth is the leveraged ETF space; investors have embraced the exchange-traded structure as an efficient [...]
As the ETF industry continues to grow, the size of the product lineup has raced towards 1,300 and each week seemingly brings a slew of new product introductions. While some investors have no qualms about jumping into a new ETF right off the bat, others prefer to limit their investable universe to products that have [...]
The first half of 2011 is officially in the books, and many investors find their portfolios in approximately the same place as they were to start the year (though a furious rally in the final week of the quarter gave a nice boost at an opportune moment). Most major equity indexes are up slightly on [...]
As the lineup of ETFs approaches the 1,300 mark, a growing pool of issuers continue to deliver innovative new products that tap into strategies and asset classes that have never before been accessible through the exchange-traded structure. One relatively new area that has attracted billions of dollars in new assets in recent years is the [...]
Recently, we hosted Stuart Rosenthal, CEO and Co-Founder of Factor Advisors, the company behind the FactorShares ETF lineup, here at the ETF Database headquarters. In our wide ranging conversation, we discussed how Stuart got started in the ETF business, what factor investing entails, as well as the potential benefits of using the ETF structure to [...]
Direxion continued the expansion of its already robust lineup of leveraged and inverse ETFs on Wednesday, debuting two pairs of 3x daily products along with an inverse fund offering short exposure to an index replicated by one of the most popular U.S. equity ETFs. The latest additions to the ETF lineup include:
UBS rolled out the latest addition to its rapidly-expanding ETN lineup this week, adding a 2x leveraged version of the business development company ETN it debuted just last month. The E-TRACS 2x Leveraged Long Wells Fargo Business Development Company ETN (BDCL) will deliver monthly results that correspond to 200% of the monthly change in a [...]
Direxion rolled out the latest additions to its lineup of leveraged and inverse ETFs today, introducing products that offer 3x daily exposure to Russian equities and the global agribusiness sector. The new ETFs include:
