First Trust, the ETF issuer best known for its line of quant-based AlphaDEX funds, introduced two new ETFs last week that tap into an increasingly popular investment strategy. The First Trust ISE Global Platinum Index Fund (PLTM) and First Trust ISE Global Copper Index Fund (CU) join a number of other ETFs focused on mining stocks, but are the first to specifically target these metals. [click to continue…]
Emerging markets ETFs represent the crossroads of two of the hottest investment trends of recent years. As the U.S., Japan, and developed European economies struggled to pull out of recessions and avoid a double dip, the world’s emerging economies raced ahead, led by the BRIC bloc of nations. According to the International Monetary Fund, the economies of China and India are expected to increase by 10.0% and 7.7% in 2010, compared to 2.7% for the U.S. and 2.1% for developed economies in aggregate. [click to continue…]
Over the past six months, New York-based Global X has introduced a line of sector-specific China ETFs, many of which have already seen impressive cash inflows and daily trading volumes. Now the upstart ETF issuer is turning its attention to commodities, filing for approval on four funds tracking indexes composed of mining stocks. The ETFs [...]
Last year saw more than 100 new product launches, ranging from plain vanilla equity and bond funds to ETFs offering exposure to exotic new investment strategies and asset classes previously available only to a limited slice of the investing community. The innovation that has made ETFs a popular alternative to mutual funds seems ready to [...]
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. But the exposure offered by international ETFs has historically been very broad in nature. Whereas U.S. investors have long had access to funds targeting various sectors (and even subsectors) [...]
In recent months, gold’s rise has been attributable primarily to continued weakness in the U.S. dollar, with the yellow metal rising as investors looked to move their reserve holdings from the greenback to hard currency. But over the last week, precious metals have been given another boost as general economic uncertainty sets in around the [...]
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 [...]
iShares, the issuer behind the ultra-popular MSCI Emerging Markets Index Fund (EEM), is planning to expand its emerging market product offerings, filing for approval on two sector-specific ETFs, the MSCI Emerging Markets Financial Sector Index Fund and the MSCI Emerging Markets Material Sector Index Fund. Historically, emerging markets ETFs have offered broad market exposure, inclusive [...]
Yesterday in Egypt, Chinese Premier Wen Jiabao offered $10 billion in concessional loans to Africa over the next three years, describing China as a “true and tested friend” of the African people. Wen also pledged to build 100 new clean energy projects for Africa in an effort to support the development of green economies in [...]
Earnings season continued on Wednesday with announcements from several major global energy firms. Exxon Mobil, the world’s largest oil company, reported earnings of $4.7 billion, or 98 cents per share, representing a 68% drop from year ago levels when the company set earnings records. Analysts had been expecting earnings of $1.06 per share, and Exxon’s [...]
Just as there are various “celebrity stock tickers” that every investor recognizes instantly (GOOG, MSFT, F, JNJ), there are some ETFs that everyone knows. Generally, these ETFs, such as SPY, GLD, and QQQQ, reflect the most widely-known investment strategies and asset classes. And while the 25 largest funds that account for more than half of [...]
Historically, most U.S. investors steered the vast majority of their equity holdings into domestic stocks, shying away from emerging markets because of their “excessive” volatility. But over the last few years, U.S. markets have experienced unprecedented turbulence and a prolonged downturn while many emerging markets have proved to be surprisingly resilient in the face of [...]