The financial sector was one of the hardest areas of the economy in 2008 and early 2009, as years of excessive risk taking finally resulted in a meltdown that spurred several unprecedented emergency measures and set off one of the worst recessions in a generation. Since bottoming out last March, however, financials have surged higher, leading the way during the recovery effort (see the Top Ten ETF Performers Since The Market Bottom). While many financial ETFs remain well below pre-recession highs, they have reclaimed significant chunks of the ground lost in the last 13 months. [click to continue…]
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 [...]
Investors returned from a long holiday weekend with an optimistic outlook, as news of mega-deals in the food and beverage and insurance industries boosted confidence. IBM delivered solid earnings, further bolstering hopes of a strong year for the technology sector, while investors turned their attention to Massachusetts to evaluate the potential impact of a shifting [...]
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 [...]
In a continued effort bid to make Shanghai the financial capital of the 21st century, the Chinese government has approved “in principle” the creation of stock index futures, trading on margin, and short selling. Although the Chinese government has had reservations about allowing short selling for some time, the move will allow the government to [...]
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. [...]
So much for a slow December. The latest National Stock Exchange numbers are out, and December was one of the best months on record for the ETF industry. Total cash inflows totaled nearly $30 billion, as investors flocked to domestic equities in the final month of the year. Nearly every issuer saw a big jump [...]
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 [...]
Global X, the ETF issuer that last month launched the first sector-specific China ETFs, is expanding its line of products by launching two additional funds offering targeted exposure to the Chinese economy. The Global X China Technology ETF (CHIB) and Global X China Financial ETF (CHIX) began trading Wednesday on the NYSE Arca Exchange, bringing [...]
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 [...]
