ETF Database » FDN

UBS Launches Risk On / Risk Off ETNs

Michael Johnston — Thu, 01 Dec 2011 14:00:49 +0000

UBS, the issuer behind one of the broadest lineups of ETNs available to U.S. investors, continued the aggressive expansion of its product lineup this week with the introduction of two unique offerings. The company rolled out a pair of blunt instruments designed to be used in high level “risk on / risk off” trades, a term that has become popular in recent months as risky assets have exhibited strong correlations with one another and so-called “safe havens” have thrived whenever uncertainty pops up. The new ETRACS Fisher Gartman Risk On On ETN (ONN) will seek to replicate the Fisher-Gartman Risk Index, a benchmark that includes long positions in various risky asset classes such as stocks and commodities and short positions in traditional safe haven investments such as sovereign bonds. The index consists of 150% long positions combined with 50% short exposure, resulting in a net 100% long portfolio: Sector Long [...]

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Three ETFs To Watch This Week: FXI, FDN, ALUM

Eric Dutram — Mon, 10 Oct 2011 08:00:27 +0000

Although stocks started off last week on a down note thanks to growing worries over Europe, markets staged a late session rally in Tuesday trading and carried this into Wednesday and Thursday as well. These gains came on hopes for government support for euro zone banks coupled with relatively solid data from American markets to boost sentiment across a number of industries. Then, on Friday, the employment figure showed a robust increase in nonfarm payrolls, as the consensus of a 65,000 increase was crushed by an actual figure of 103,000. Furthermore, investors also saw the overall unemployment rate edge down slightly to 9.1% while the average workweek also rose, finishing up at 34.3 hours. These bullish reports suggested to many that the economy might be able to avoid a double dip recession, at least for the time being. However, a report from Fitch, which downgraded Italy and Spain, sent markets [...]

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Tech ETFs In Focus: Highlighting Some Hyper-Targeted Options

Jared Cummans — Wed, 27 Jul 2011 10:55:21 +0000

The growth of the ETP lineup to 1,300 products and beyond has been fueled largely by the development–and success–of funds other than the “plain vanilla” offerings that offer exposure to well known stock and bond indexes. As the ETF industry has grown in size, it has also become more granular in nature; many of the products out there are ideal for fine tuning tactical exposures, focusing in on a specific asset sub-class of investment strategy [see also Five ETFs To Look Forward To]. Once upon a time the universe of sector ETFs consisted of products that sliced and diced economies into nine different industries, such as financials, industrials, materials, and utilities. But the evolution of ETFs has taken sector-specific exposure to another level, as dozens of products now offer ways to tap into targeted sub-sectors of both the U.S. economy and global stock market. Perhaps no industry has been sliced [...]

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UBS Debuts Internet IPO ETNs

Michael Johnston — Fri, 22 Jul 2011 11:00:41 +0000

UBS rolled out two new ETNs on Thursday, debuting products that offer exposure to Internet-related companies that have recently completed an initial public offering (IPO). The new ETRACS Internet IPO ETN (EIPO) is linked to the UBS Internet IPO Index, a benchmark that consists of companies that maintain operations focused on the Internet that have gone public over the last three years. The underlying portfolio includes many of the companies that have recently completed high profile IPOs, such as Pandora Media, OpenTable, and LinkedIn. In order to be included in the underlying index, companies must fall into one of three GICS Industry designations: Internet Software & Services, Internet & Catalog Retail, or Media. UBS also launched a monthly leveraged product linked to the same index, the Monthly 2xLeveraged Internet IPO (EIPL). Ticker Stock Weight LNKD Linked In 10.0% AWAY HomeAway 10.0% YNDX Yandex 10.0% RAX Rackspace Hosting 10.0% P Pandora [...]

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Three ETFs To Watch This Week: FDN, FXY, PBJ

Eric Dutram — Mon, 11 Jul 2011 08:00:16 +0000

The Independence Day-shortened week was a tumultuous one for markets as stocks stayed flat for much of Tuesday and Wednesday only to soar higher in Thursday’s session on hopes of a jobs recovery. Unfortunately, this was quickly dispelled by a horrendous June jobs report which saw just 14,000 jobs created in the month, helping to push the national unemployment rate up to 9.2%. This caused stocks to sell-off heavily going into the weekend and pretty much erased any optimism that the markets had built up in the last few days. Meanwhile, overseas, Greece stayed out of the spotlight and was overshadowed by Portugal which was downgraded to junk status by Moody’s sending European markets into a tailspin as fears over a debt contagion hits markets around the periphery. Nevertheless, the ECB did manage to raise rates by 25 basis points again during their most recent policy meeting, putting the region’s benchmark rate up [...]

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Internet ETFs: Five Ways To Play

Michael Johnston — Mon, 20 Dec 2010 12:00:14 +0000

In the early days of the ETF industry most of the products were broad-based equity funds that offered exposure to domestic and international stock markets. But as ETFs have gained market share and become more popular with both buy-and-holders and more active traders, products have become increasingly specialized. Since the debut of the sector SPDRs in 1998, dozens of ETFs targeting various corners of U.S. and global equity markets have been introduced; recent innovations have included small cap sector ETFs and sector-specific emerging market funds. Additions to the ETF product lineup have also been increasingly granular, going beyond the nine traditional sector allocations (ten if telecom is included) to focus on sub-industries; there are multiple ETFs offering exposure to homebuilders, biotech firms, and makers of semiconductors, just to name a few. Sector ETFs can be handy for investors who believe that certain corners of the market are overvalued or undervalued [...]

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Thursday’s ETF To Watch: First Trust Internet Index Fund (FDN)

Eric Dutram — Thu, 14 Oct 2010 08:00:28 +0000

Despite sub-par economic growth and a lack of jobs, equity markets have been surging over the past few months as investors have scooped up beaten down equities in hopes of riding the recent trend to robust gains. No more has this been true than in the technology sector where a variety of large companies seem poised for solid levels of growth on the back of increased demand in emerging markets and huge cash piles which are ready to be deployed in order to create new growth opportunities. A great example of this is with internet search giant Google (GOOG) which has begun to deploy its cash war chest in a variety of sectors of the market. The company has ramped up its spending in a variety of sectors and has now invested $715 million through the first half of the year; a 78% increase from the same period last year. [...]

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Thursday’s ETF To Watch: FDN

Eric Dutram — Thu, 15 Jul 2010 08:23:25 +0000

Trading volumes have slumped on Wall Street in recent sessions, as most investors have waited anxiously for another earnings season to give the markets direction and offer an assessment of the recovery. This season got off to a hot start; aluminum manufacturer Alcoa and train operator CSX posted solid earnings, which helped to buoy the markets to start the week. Intel then crushed estimates, posting its highest quarterly profit in more than a decade. But despite the bullish report from the computer chip maker, markets stayed flat yesterday after the Fed trimmed its expectations for growth in the overall economy and job creation. Now all eyes will focus on Google (GOOG), which will post its second quarter earnings after the bell today. Investors will be eager to see if the search giant can live up to expectations, and give the tech sector a boost in the process. The company is [...]

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MSFT, AMZN Earnings Boost Technology ETFs

Eric Dutram — Fri, 23 Oct 2009 15:49:58 +0000

Microsoft reported solid earnings earlier today, sending shares more than 7% higher in early trading. Although sales were down more than 14% compared to last year and net profits fell more than 18%, investors were encouraged by strong early results for Windows 7 (which created $1.5 billion in deferred revenue from customers who bought a Windows Upgrade Option and to retailers who bought the new product). Microsoft also announced that the company will restart its share repurchase program, buying back over $1.4 billion this quarter after not buying any back the past two quarters. This comes as good news to Microsoft investors as the computer giant increased its cash reserves to a staggering $36.7 billion. Meanwhile, Amazon.com posted an excellent quarter in which they reported a 69% increase in third quarter profit. This helped push earnings dramatically higher, as analysts were expecting earnings of 33 cents a share and instead [...]

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Is The Skype Sale A Bad Sign For eBay-Heavy ETFs?

Eric Dutram — Wed, 02 Sep 2009 06:00:16 +0000

The sale of Skype that was rumored last week appears to be close to reality, as San Jose-based company eBay is poised to sell the company to a group of investors headed by private equity firm Silver Lake Partners. Under the terms of the deal, eBay will receive about $1.9 billion in cash and a note for another $125 million for a 65% interest in the company. The deal values Skype at about $2.75 billion. EBay’s total purchase price for the unit topped $3 billion in September 2005, and the company eventually wrote off most of the acquisition on its books after encountering difficulties integrating Skype. Despite the fact that the purchase price is at the high end of analyst expectations, the reaction to the deal hasn’t been completely positive. Om Malik believes that the deal is a letdown for eBay shareholders who could have realized greater returns if the [...]

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ETF Database » FDN

UBS Launches Risk On / Risk Off ETNs

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Three ETFs To Watch This Week: FXI, FDN, ALUM

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Tech ETFs In Focus: Highlighting Some Hyper-Targeted Options

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UBS Debuts Internet IPO ETNs

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Three ETFs To Watch This Week: FDN, FXY, PBJ

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Internet ETFs: Five Ways To Play

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Thursday’s ETF To Watch: First Trust Internet Index Fund (FDN)

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Thursday’s ETF To Watch: FDN

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MSFT, AMZN Earnings Boost Technology ETFs

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Is The Skype Sale A Bad Sign For eBay-Heavy ETFs?

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