After more than 100 new ETFs were brought to market last year, many wondered just how long the industry could keep up the breakneck pace. With more than 60 new ETFs hitting the market already this year (and another scheduled to begin trading tomorrow), 2010 is on pace to shatter the product development record set last year. And there’s no signs of a let-up any time soon. The pipeline continues to fill with interesting filings; some of the most recent additions include an active money market ETF from Grail Advisors and an emerging markets ETF from Van Eck. [click to continue…]
The speed with which the ETF industry has expanded has been a hot topic lately, with some analysts anticipating a wave of consolidation at some point this year as issuers pull the plug on products that have failed to gain traction. While there have certainly been a number of ill-conceived product ideas in recent years [...]
Global X, the New York-based ETF issuer known for its line of sector-specific China ETFs, has launched two new ETFs focusing on stocks of copper and silver miners. The Global X Copper Miners ETF (COPX) and Global X Silver Miners ETF (SIL) began trading on the NYSE Arca on Tuesday, becoming the latest exchange-traded products [...]
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 [...]
A recent survey released by InvestmentNews highlighted the ten ETFs financial advisors researched the most, based on data provided by Morningstar. It’s tough to know exactly what to make of the list, but at the very least it gives some interesting insights into the minds of investors. The list included many of the usual suspects: [...]
More red ink washed over Wall Street at the start of a new week, as jitters over the state of public finances in Greece, Portugal, and Spain continued to weigh on European economies and rippled throughout global markets. In the U.S., the financials sector led the day’s decline after the Fed announced plans to detail [...]
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 [...]
The major story on Monday came out of Washington, where president Obama released a highly-anticipated $3.8 trillion budget that raises $2 trillion in taxes and cuts spending on dozens of federal program. The controversial budget sets the stage for months of debate and horse trading on Capitol Hill. Elsewhere, the U.S. factory sector recorded its [...]
As the ETF industry has continued its rapid expansion, there has been much debate surrounding the sustainability of the current growth and the potential saturation of the market. The first ETFs were relatively simple products, offering exposure to the world’s most widely-followed equity benchmarks. But the last ten years have seen hundreds of new ETFs [...]
An up-and-down week came to an end on a positive note Friday, as most major benchmarks advanced and world leaders concluded a closely-watched Copenhagen summit by announcing a deal for combating climate change. Elsewhere, GM indicated that it will wind down its Saab unit after a deal fell through and Google faces potential trouble overseas.
Any hopes of cruising to the finish line of a relatively successful year were dashed on Thursday, as most benchmarks endured a rocky session that put most in the red for the week. Worries over Greece’s mounting debt, and arguments over Citi’s secondary offering plans weighed on most equity indexes throughout the day.
