As ETFs have grown from a closet industry to a mainstream investing option, funds offering exposure to nearly every corner of the globe have popped up. Although the abundance of funds has brought access to dozens of equity markets within reach, the vast majority of international ETFs provide fairly shallow exposure to the country they purport to represent, tracking blue chip indexes composed of only a handful of mega-cap stocks (essentially the equivalent of the Dow Jones Industrial Average in the U.S). The iShares MSCI Spain Index Fund (EWP), for example, is based on an index that has only 31 holdings and an average market cap of more than $86 billion. [click to continue…]
On Tuesday, Claymore Securities launched its China Technology ETF (CQQQ), the first U.S.-listed ETF to focus on the Chinese technology sector. CQQQ joins three other China ETFs from Claymore (YAO, HAO, TAO) that have accumulated more than $500 million in aggregate assets. The new ETF will seek to replicate the AlphaShares China Technology Index, a [...]
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 [...]
The week got off to a strong start on Monday, as investors cheered a surprise increase in home resales and news of several big deals around the world as an indication that the return to normalcy continues. Home resales increased 10.1% in October, far more than expected, as the appeal of a lucrative tax credit [...]
According to the National Stock Exchange, total cash flows into exchange-traded products through the first ten months of the year have totaled more than $72 billion, an indication that the ETF industry continues to grow by leaps and bounds. While this figure is down slightly from the same period in 2008, it is widely expected [...]
October was another busy month for the ETF industry, with the launch of several new funds, including a handful that will compete directly with well-established ETFs and some that seek to address potential regulatory issues facing traditional commodity products. Highlights from the month included:
On Monday, Lisle, Illinois-based Claymore Securities launched the Claymore/AlphaShares China All-Cap ETF (YAO). YAO is the third fund in the company’s suite of China products developed in partnership with AlphaShares, joining the Claymore/AlphaShares China Small Cap Index ETF (HAO) and the Claymore/AlphaShares China Real Estate ETF (TAO). YAO enjoyed a stellar initial session, rising about [...]
Equity markets continued their skyward trajectory on Monday, with most major benchmarks turning in another strong performance. The ETFdb 60 Index, a benchmark composed of the largest and most liquid exchange-traded products representing the investment universe, gained $9.44, or 0.9%, to close at $1,027.45. In relatively light trading, winners outnumbered losers by more than ten-to-one, [...]
AlphaShares, the creator of the indexes behind the Claymore/AlphaShares Small Cap Index ETF (HAO) and Claymore/AlphaShares China Real Estate ETF (TAO), has announced the creation of an All Cap China index. The new benchmark will track all firms over $500 million in market cap that trade on either the New York or Hong Kong stock [...]
Christian Magoon is the President and Senior Managing Director of Claymore Securities, Inc. He recently took time out of his busy schedule to talk with ETF Database.
It’s been quite a week for the ETF industry. Last Friday, Van Eck launched its Market Vectors Vietnam ETF (VNM), the first exchange-traded product to offer U.S. investors exposure to Vietnamese equity markets. Now New York-based Global X Management Company has launched the Global X FTSE Nordic 30 ETF (GXF), the first U.S.-listed fund to [...]
