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First Trust, the ETF issuer best known for its line of quant-based AlphaDEX funds, introduced two new ETFs last week that tap into an increasingly popular investment strategy. The First Trust ISE Global Platinum Index Fund (PLTM) and First Trust ISE Global Copper Index Fund (CU) join a number of other ETFs focused on mining stocks, but are the first to specifically target these metals. [click to continue…]
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A recent survey released by InvestmentNews highlighted the ten ETFs financial advisors researched the most, based on data provided by Morningstar. It’s tough to know exactly what to make of the list, but at the very least it gives some interesting insights into the minds of investors. The list included many of the usual suspects: the S&P 500 (SPY), emerging markets (EEM and VWO), aggregate bond markets (AGG and LQD) and diversified commodity funds (DBC) were all represented. Also making the list were two gold ETFs: the SPDR Gold Shares (GLD) and iShares COMEX Gold Trust (IAU). [click to continue…]
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More red ink washed over Wall Street at the start of a new week, as jitters over the state of public finances in Greece, Portugal, and Spain continued to weigh on European economies and rippled throughout global markets. In the U.S., the financials sector led the day’s decline after the Fed announced plans to detail [...]
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Over the past six months, New York-based Global X has introduced a line of sector-specific China ETFs, many of which have already seen impressive cash inflows and daily trading volumes. Now the upstart ETF issuer is turning its attention to commodities, filing for approval on four funds tracking indexes composed of mining stocks. The ETFs [...]
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The major story on Monday came out of Washington, where president Obama released a highly-anticipated $3.8 trillion budget that raises $2 trillion in taxes and cuts spending on dozens of federal program. The controversial budget sets the stage for months of debate and horse trading on Capitol Hill. Elsewhere, the U.S. factory sector recorded its [...]
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As the ETF industry has continued its rapid expansion, there has been much debate surrounding the sustainability of the current growth and the potential saturation of the market. The first ETFs were relatively simple products, offering exposure to the world’s most widely-followed equity benchmarks. But the last ten years have seen hundreds of new ETFs [...]
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An up-and-down week came to an end on a positive note Friday, as most major benchmarks advanced and world leaders concluded a closely-watched Copenhagen summit by announcing a deal for combating climate change. Elsewhere, GM indicated that it will wind down its Saab unit after a deal fell through and Google faces potential trouble overseas. [...]
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Any hopes of cruising to the finish line of a relatively successful year were dashed on Thursday, as most benchmarks endured a rocky session that put most in the red for the week. Worries over Greece’s mounting debt, and arguments over Citi’s secondary offering plans weighed on most equity indexes throughout the day.
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Gold is often referred to as a “safe haven” investment, reflecting its tendency to rise in times of economic uncertainty. While there is no shortage of “gold bugs” that buy and hold the metal for extended periods of time, there are countless investors who trade gold quite actively. Just as signs of weakness in the [...]
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In recent months, gold’s rise has been attributable primarily to continued weakness in the U.S. dollar, with the yellow metal rising as investors looked to move their reserve holdings from the greenback to hard currency. But over the last week, precious metals have been given another boost as general economic uncertainty sets in around the [...]
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The ETF industry picked up steam in November, with several highly-anticipated funds coming to market and multiple issuers disclosing new details on innovative products that could be launched in 2010. The biggest news for the month was the entrance of Charles Schwab into the industry with the launch of four ETFs in early November. Debuting [...]
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It’s been an interesting week in the world of ETFs: major indexes finished the week on a down note after trending upwards earlier in the week while gold finished around $1140/oz. Here are the ETF Database staff picks of the week’s most important and interesting stories from around the Web:
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