Despite a relative paucity in major earnings reports and regular statistical releases, the upcoming week could be a busy one for domestic and international equity markets. After conflicting reports on the health of the economy last week–retail sales figures were up but consumer confidence trended lower–all eyes will be on the Fed this week as the market searches for guidance in order to give direction to stocks in the near future.
Below is a look at three ETFs that could be on the move this week amidst central bank meetings, data releases, and political developments that could impact the economy: [click to continue…]
Just weeks after a devastating earthquake sparked a humanitarian crisis in Haiti, another natural disaster has hit the South American nation of Chile. Early Saturday morning, a magnitude 8.8 earthquake, the fifth strongest ever measured in the country, occurred off of Chile’s coast, causing massive destruction throughout the region. At least 100 aftershocks of magnitude 5.0 or greater have hit since the quake, complicating relief efforts significantly. The death toll has already topped 700, and is expected to rise as aid workers scramble to reach the areas hit hardest. “We’re facing an unthinkable catastrophe that will require an enormous effort in resources,” said Chilean President Michelle Bachelet in a televised address. [click to continue…]
With just over a month in the books for 2010, equity markets have already been taken on a wild ride. After an initial jump, concerns over a government-imposed slowdown in China weighed on global stocks, particularly emerging markets and commodity-intensive businesses. As we enter February, many equity ETFs find themselves in the red for the [...]
In the final three quarters of 2009, emerging markets took the lead in the global recovery effort, delivering impressive growth rates as the world’s developed economies continued to struggle. China and India received the bulk of attention (and cash) from international investors, but South American equity markets had a banner year as well, led by [...]
Global X, the ETF issuer that last month launched the first sector-specific China ETFs, is expanding its line of products by launching two additional funds offering targeted exposure to the Chinese economy. The Global X China Technology ETF (CHIB) and Global X China Financial ETF (CHIX) began trading Wednesday on the NYSE Arca Exchange, bringing [...]
The world’s largest ETF issuer has some grand plans to continue the spread of the ETF structure around the globe. San Francisco-based iShares plans to launch the first ETFs in Chile later this year, as well as add funds that track specific Brazilian industries as demand for exchange-traded products continues to grow around the globe. [...]
It’s been quite a week for the ETF industry. Last Friday, Van Eck launched its Market Vectors Vietnam ETF (VNM), the first exchange-traded product to offer U.S. investors exposure to Vietnamese equity markets. Now New York-based Global X Management Company has launched the Global X FTSE Nordic 30 ETF (GXF), the first U.S.-listed fund to [...]
Few are the countries that offer such potential for both investment gains and losses as Colombia. If you have been looking at the Global X/InterBolsa FTSE Colombia ETF (GXG) lately, make sure you have a strong stomach and a high tolerance for risk. Colombia is a rapidly changing country, one in which basic factors taken [...]
Following the midnight coup of president Manuel Zelaya last week, the political situation in Honduras has become increasingly tense, forcing both neighboring nations and global powers to choose sides in the as-of-yet relatively bloodless conflict that is threatening to destabilize the region. The situation in Honduras has sent many Latin American ETFs reeling over the last week, [...]
Score one for Goliath. Three weeks after Global X announced that it would launch the first ETF investing exclusively in Peruvian equities, iShares beat its much smaller rival to the punch, launching the MSCI All Peru Capped Index Fund (EPU). EPU, which has an expense ratio of 0.63%, provides investors with an opportunity to invest in [...]
New York-based Global X Management Company LLC announced yesterday that the first ETF investing exclusively in Peruvian companies will begin trading on the NYSE by the middle of June, according to a report from Bloomberg. Bruno del Ama, CEO of Global X explained the motivations for the fund, saying ”the stock market has risen a lot, [...]
