Precidian Funds, a New Jersey-based ETF newcomer, announced on Thursday the launch of the first U.S.-listed ETF offering exposure to the Nikkei 225 Index. The new MAXIS Nikkei 225 Index ETF (NKY) will seek to replicate the widely followed benchmark of Japanese stocks, often referred to simply as the Nikkei or the Nikkei Index. That benchmark is a price-weighted index consisting of 225 stocks listed on the Tokyo Stock Exchange. The Nikkei has been calculated by the Nihon Keizai Shimbun newspaper since 1950. There are several investment products linked to the Nikkei in existence around the world, but NKY is the first U.S.-listed ETF to offer exposure to the well known index. [click to continue…]
The latest ETF industry data from the National Stock Exchange is out, and after a small step back in May, exchange-traded products resumed their upward trajectory in June. Total ETP inflows totaled more than $8 billion last month, after May saw about $800 million in outflows–attributable in large part to big outflows from the S&P [...]
The final full week of June was certainly a rocky period to be in the equity markets, as quickly changing expectations led to huge increases in volatility and large movements in commodity markets. Meanwhile, in Europe, worries over Greece temporarily subsided as the Prime Minister of the nation survived a confidence vote, setting the stage [...]
IndexIQ, the firm behind a suite of hedge fund replication ETFs and small cap country-specific funds, notched another first for the ETF industry on Thursday. The IQ Japan Mid Cap ETF (RSUN) will seek to replicate an index that consists of about 100 mid cap Japanese stocks. The weighted average market capitalization of the companies [...]
American equity markets closed out the week on a sour note as further concerns over the euro zone combined with a higher-than-expected reading from the U.S. CPI to sink stocks across the board. The Dow fell by 100 points while the S&P 500 sank by 0.8% and the tech-heavy Nasdaq led all three on the [...]
The first week of May was quite the tumultuous one for markets as a flurry of economic data and earnings reports weighed on market sentiment. The week started out on a high note as investors cheered the capture of Osama bin Laden in Pakistan over the past weekend but the markets soon took a turn for the [...]
U.S.-listed ETP assets grew to $1.078 trillion at the end of March according to the latest data from the National Stock Exchange, putting the cap on another solid quarter of growth for the industry. Cash inflows in March totaled $11.2 billion, a material increase from $7.4 billion the month before. That figure could have been [...]
U.S. equity markets finished the day mixed as the gains that most experienced in the early part of the session soon evaporated to close out Tuesday trading. The Dow finished down six points while the S&P 500 slid by less than one point. The Nasdaq, however, did manage to finish in positive territory, pushing ahead [...]
Although U.S. equities started the week on a high note, they soon tumbled and finished the session mixed as spiking commodities stunted investor confidence. The Dow finished the day ahead by 23 points while the S&P 500 and the Nasdaq both were flat on the day, as big pharma helped to power the blue chips [...]
U.S. equity markets capped off the first quarter on a mixed note as surging oil prices and a lukewarm unemployment claims report left stocks on rocky footing heading into April. The Dow, which at one point was up about 30 points on the session, finished the day lower by 31 while the S&P 500 finished [...]
American equity markets soared to start Friday trading, fell back to earth, but still managed to ultimately post modest gains to close out the week. The Dow rose by 50 points while the Nasdaq and S&P 500 rose by 0.2% and 0.3%, respectively as strong performances out of Apple, and some basic materials companies helped [...]
