Last year saw more than 100 new product launches, ranging from plain vanilla equity and bond funds to ETFs offering exposure to exotic new investment strategies and asset classes previously available only to a limited slice of the investing community. The innovation that has made ETFs a popular alternative to mutual funds seems ready to continue through2010. Based on discussions with industry executives and others covering the industry, it seems like a safe bet that 2010 will shatter existing records for new ETF launches.
But there has also been some concern over saturation in the ETF industry, as well more than 100 funds currently have less than $10 million in assets. Hype around the launch of new products doesn’t always translate into sustained investor demand. While many investors and advisors are looking forward to some of the exciting products in the pipeline for 2010, we take a look back, checking in on ten of the most interesting ETFs launched in 2009 (we should note the the numbers don’t reflect a ranking of any sort). [click to continue…]
Global X, the issuer behind funds offering exposure to the economies of Colombia and the Nordic region, announced the launch of its newest sector-specific China ETF today. The China Materials ETF (CHIM) will be the latest addition to the line of ETFs offering targeted exposure to the economy of China, which already includes five sector [...]
China’s Purchasing Managers Index rose for the tenth consecutive month in December, signaling a steady expansion in the country’s manufacturing sector. According to the China Federation of Logistics and Purchasing, the index increased to 56.6 in December, up from 55.2 in November. A reading above 50 indicates growth, while a reading below 50 indicates contraction. [...]
Bruno del Ama is the CEO of Global X Management, the New York-based ETF issuer behind several of the innovative exchange-traded products to hit the market in recent months, including the first ETFs offering investors exposure to Colombia and the Nordic region and the first sector-specific China ETFs. He recently took time out of his [...]
Global X Funds, the New York-based ETF issuer that earlier this month launched four of the first sector-specific China ETFs, has added a fifth fund to its product line. The Global X China Energy ETF (CHIE) began trading on the NYSE Arca today, joining Global X funds focusing on the industrials (CHII), consumer (CHIQ), technology [...]
New York-based Global X Funds, the issuer behind the first U.S.-listed ETFs offering exposure to Colombia and the Nordic region, announced the launch of two new funds focusing on China on Tuesday. The Global X China Industrials ETF (CHII) and China Consumer ETF (CHIQ) are the first funds to offer sector-specific exposure within the China [...]
