PowerShares, the Wheaton, Illinois-based ETF issuer known for its QQQ fund and line of products linked to “intelligent” benchmarks, announced late last week that it will shut down several ETFs before the end of the year. December 14 will be the last day of trading for ten PowerShares ETFs: [click to continue…]
The month of September brought an unexpected but very welcome rally in stock markets, as many equity ETFs enjoyed their best month of the year. September also set a number of records from the product development perspective in the ETF industry; more than two dozen new funds from a handful of different issuers hit the [...]
Old Mutual Global Index Trackers (OMGxT), a South African-based asset manager, announced last week that it plans to shut down five ETFs listed in the U.S. under the GlobalShares brand, ending a brief experiment that failed to attract significant interest. Trading in the five ETFs will be suspended prior to the market opening on October [...]
One of the most interesting developments in the ETF market over the last several years has been the extent to which investors have embraced these securities as opportunities to add commodity exposure to traditional stock-and-bond portfolios. Within the commodity space, no single fund has enjoyed a more impressive rise than the SPDR Gold Trust (GLD), [...]
Charles Schwab may be a relative newcomer to the exchange-traded fund game, but the San Francisco-based firm has made quite a splash since wading into the ETF waters late last year. On Monday, Schwab shook up the industry again, announcing that it was reducing the expense ratios on six ETFs, or three quarters of its [...]
As one of the most recent entrants into the ETF industry, South Africa-based Old Mutual faces a tough road to taking market share away from the well-established firms and funds that dominate the industry. Earlier this week, the firm shed some light on its strategy for competing with the first movers in the ETF space, [...]
Old Mutual Global Index Trackers, a South Africa-based division of asset Manager Old Mutual, launched three new ETFs on Tuesday, bringing the number of funds in its product line to five. The new ETFs include:
GlobalShares, a division of London based Old Mutual, launched the FTSE Developed Countries Ex-U.S. Fund (GSD) on Thursday, doubling the size of its ETF product line. GSD will track the FTSE Developed ex-U.S. Index, a benchmark already covered by the Schwab International Equity ETF (SCHF). The new GlobalShares ETF will also compete with the iShares [...]
Boston-based Old Mutual Global Index Trackers has launched its first ETF, listing the GlobalShares FTSE Emerging Markets Index Fund (GSR) on the NYSE Arca Exchange Tuesday. In order to compete in an increasingly crowded space, Old Mutual has thrown in an interesting twist: for a limited time, GSR will have an expense ratio of zero [...]
