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EFO

Before it attracted intense scrutiny from the international community for its ongoing blockade of Gaza, Israel had made headlines last month for a relatively rare economic achievement. The country was recently upgraded from an emerging market to a developed market by index provider MSCI Barra, meaning that Israeli equities were cast out of the MSCI Emerging Markets Index and into the MSCI EAFE Index. Israel became the first country to graduate to developed status (in the eyes of MSCI at least) since Greece in 2001. [click to continue…]

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Edward Jones Discontinues Sale Of Leveraged ETFs

by Michael Johnston on July 22, 2009

The swelling controversy over the risks associated with leveraged ETFs has apparently caused its first casualty. St. Louis-based Edward Jones & Co., the prominent financial services firm, decided during a regular review of its products in June to stop selling leveraged funds, citing the fact that they are “one of the most misunderstood and potentially dangerous types of ETFs,” according to mutual fund research analyst Katie Martin. Edward Jones prepared a report titled “Not All ETFs Are Created Equal” that highlights the potential pitfalls with these complex financial instruments. [click to continue…]

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ProShares Launches Four New Leveraged International ETFs

by Michael Johnston on June 4, 2009

ProShares, a leader in the inverse and leveraged ETFs, today launched four new ETFs offering magnified exposure to international markets. The funds, which seek 200% of the daily returns of their target indexes, are: Ultra MSCI EAFE (EFO) Ultra MSCI Emerging Markets (EET) Ultra FTSE/Xinhua China 25 (XPP) Ultra MSCI Japan (EZJ) Commenting on the new [...]

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