Rydex, building off the launch of five equal-weight ETFs last month, announced today the debut of the MSCI All Country World Equal Weight ETF (EWAC). The new fund will seek to replicate the MSCI All Country World Equal Weighted Index, providing an alternative for investors seeking a one stop shop for global equity exposure. The underlying index is a free float-adjusted equal weighted benchmark that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI Index consists of 45 country indexes comprising 24 developed and 21 emerging market country benchmarks. [click to continue…]
As the ETF world continues to grow, the competitive landscape continues to evolve. In recent years, a growing number of firms have attempted to differentiate themselves by offering unique exposure to asset classes and strategies not previously available–such as funds tracking the Philippine stock market or ETNs linked to the price of industrial metals such [...]
When mutual funds broke on to the investing scene, they won praise for their ability to pool assets and efficiently deliver exposure to a large basket of underlying securities. ETFs, while different from mutual funds in many ways (see five of them here), generally share this appeal; they offer an even more cost efficient way [...]
Fidelity Investments announced today that it will offer its retail customers commission-free online trades for a suite of 25 iShares ETFs. The funds included in the commission-free platform include ETFs in all nine domestic equity style/size categories, as well as international equity and fixed income options. “Fidelity has partnered with the leading ETF provider in [...]
