ETF Database » EEV

What’s In A Name: A Look Inside ETF Tickers

Michael Johnston — Wed, 03 Feb 2010 14:42:04 +0000

Whenever a company prepares for a public offering, executives have been known to spend an inordinate amount of time choosing the combination of letters that will serve as the company’s ticker and often nickname within the investment community. To many, the fixation on selecting the perfect ticker seems like an irrational obsession on par with Patrick Bateman’s affinity for business cards. But there’s some evidence to support the idea that picking a clever ticker can be worth quite a bit of money. An academic study titled “Would A Stock By Any Other Ticker Smell As Sweet?” (PDF) examined the performance of “clever ticker” stocks such as Southwest (LUV), Internet America (GEEK), Lion Country Safari (GRRR), and Explosive Fabricators (BOOM). This study uncovered that between 1984 and 2004, “a portfolio of clever-ticker stocks would have beaten the market by a substantial and statistically significant margin, contradicting the efficient market hypothesis.” Theories [...]

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Definitive Guide to BRIC ETFs: BRIC ETF Investing 101

Eric Dutram — Wed, 28 Oct 2009 12:00:18 +0000

With sluggish growth forecasted for the next few quarters an unemployment rate quickly approaching 10%, many U.S. investors are looking beyond their borders for new investment opportunities. While developed European and Asia Pacific economies have received a significant amount of attention, the most popular investment destinations remain the four largest emerging market countries: Brazil, Russia, India, and China, collectively known as the “BRIC” economies. Together, these four countries currently comprise 40% of the world’s population and 15% of GDP, ensuring that they will be a force to be reckoned with on the global stage for years to come. Meanwhile, combined foreign reserves total over $3.1 trillion, potentially allowing these countries to influence world trade and push politics more towards a multipolar world. Historically, it has difficult for many American investors to access BRIC equity markets directly; most have relied primarily on the few stocks that trade as American Depository Receipts [...]

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Breaking Down The Leveraged ETF Lawsuits

Michael Johnston — Tue, 08 Sep 2009 19:53:29 +0000

Gilman and Pastor LLP have filed a class action lawsuit in the U.S. District Court for the District of Maryland on behalf of investors who purchased the ProShares UltraShort MSCI Emerging Markets Fund (EEV), alleging that ProShares issued “false and misleading Registration Statement, Prospectuses, and Statements of Additional Information.” The complaint goes on to allege that the defendants (including ProShares and several key executives) failed to disclose that “the EEV fund is altogether defective as a securities product and as directional investment play (sic).” If the typographical errors in their press release don’t convince you that this case is baseless, maybe the fact that evidence piece 1A appears to be a YouTube video of Jim Cramer discussing some of the issues with leveraged ETFs will (check out the Web site set up for the lawsuit to see what I’m talking about). That’s no knock on Cramer (I actually find him [...]

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ETF Database » EEV

What’s In A Name: A Look Inside ETF Tickers

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Definitive Guide to BRIC ETFs: BRIC ETF Investing 101

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Breaking Down The Leveraged ETF Lawsuits

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