Global X, one of the fastest growing ETF issuers in the world, announced further proposals to expand its lineup last week with an SEC filing for five new ETFs. The proposed products look to give investors access to highly specialized corners of the market, following in the footsteps of funds such as the company’s Lithium ETF (LIT), Fishing ETF (FISN), and its Canada Preferred Fund (CNPF). If launched, the funds would bring the company’s ETF total up to 40, excluding the smattering of filings that the firm has detailed over the past few weeks. While expense ratios or ticker symbols were not released for any of the proposed funds, we have highlighted some of the key details from the filing below: [click to continue…]
Although the economy still remains shaky thanks to debt worries in the U.S. and Europe, earnings season has started off pretty well for a number of companies. Apple thoroughly crushed estimates again after the bell on Tuesday while companies in the health care and banking segments have also put up solid numbers, leading some to [...]
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 [...]
American equity markets started the Holiday-shortened week mixed, as strength in the natural resource and tech sectors were weighed down by weakness in financials and industrials. The Dow and the S&P 500 both finished the day down 0.1% while the Nasdaq managed to post a 0.4% gain for the session, thanks to a 2.2% from [...]
American equity markets started the quarter as they finished it; soaring higher. The Dow finished ahead by 1.4% on the day while the broader indexes posted similar gains as the S&P 500 also moved higher by 1.4% and the Nasdaq rose by 1.5%. Commodities, however, did experience some weakness as gold sank below the $1,500/oz. [...]
The second week of June is now in the books, and recent sessions were welcome relief to investors who had become accustomed to watching stocks and commodities plunge across the board. Most major benchmarks finished the week flat as worries over Greece and a debt contagion in Europe continue to be the main focus for [...]
Another rocky session on Wall Street left most stocks slightly higher for the week as hopes for a bailout in Greece carried the markets to the green. However, this optimism petered out shortly after lunch and most indexes lost most of their hard earned gains to close out the week. Nevertheless, the Dow managed to recapture the [...]
Although stocks rose modestly to start the day, they soon faltered, tumbling again in Tuesday trading. As a result, the Dow finished the day down 25 points while the S&P lost just 0.1% although weakness continued in the tech-heavy Nasdaq as the benchmark fell by 0.5% on the day thanks to rough days out of [...]
U.S. equity markets oscillated between gains and losses for much of the day before finally finishing the day modestly in the green. Good news on the employment front combined with a robust IPO from internet firm LinkedIn to balance out an exceptionally poor reading from the Philadelphia Fed as well as weak home sales, helping [...]
Thanks to high oil prices and fears over a government shutdown, investors sold off U.S. equities across the board to close out the week. The Dow finished down by 0.2% while the broader indexes posted more significant losses of 0.6% for the Nasdaq and 0.4% for the S&P 500. Commodity markets, on the other hand, [...]
Although U.S. equity markets started the day on a high note, they soon fell back into the red on continued anxiety over both North Africa and Japan. The Dow finished lower by just 18 points while the S&P 500 and the Nasdaq posted slightly heavier losses of 0.3% and 0.4%, respectively. Financial and service companies [...]
