September 2009 ETF Roundup: Launches, Filings, and Closures

Andy H — Wed, 30 Sep 2009 07:00:40 +0000

September was one of the most active months in the ETF industry in recent memory. We saw a wave of new fund launches from industry leaders and smaller players alike, along with perhaps the first of many commodity fund closures. September saw the introduction of another actively-managed ETF, proposals on several more innovative funds, and expanding product lines from many of the industry’s newest entrants. New Fund Launches A total of 12 new ETFs were launched in September, ranging from plain vanilla iShares ETFs to a physically-backed Swiss Gold ETF from ETF Securities to an actively-managed fund run by best-selling author and well-known investor Harry Dent. ETFs added to our ETF Screener this month include: ETFS Physical Swiss Gold Shares (SGOL): This ETF has already proven itself to be a viable competitor to GLD, accumulating $100 million in assets in its first month of trading. Three new funds from Pimco, [...]

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iShares Launches Three New ETFs

Eric Dutram — Mon, 28 Sep 2009 07:00:31 +0000

On Friday, iShares launched three new funds targeting the 200 largest firms in the Russell Index, a group that comprises approximately 65% of the U.S. market. The funds are: Russell Top 200 Index Fund (IWL), Russell Top 200 Growth Index Fund (IWY), and Russell Top 200 Value Index Fund (IWX). With the addition of these three funds, iShares raises the number of funds based on various Russell indexes to 16. The Russell Top 200 Index Fund is a subset of the Russell 1000, and is heavy in well known firms such as Exxon Mobil, Procter and Gamble, and Apple. The Russell 1000 is dominated by large cap companies – the average market cap is $91 billion – and it is overweight in technology and healthcare firms. The Russell Top 200 Growth Index fund has companies with higher price-to-book ratios and higher forecasted growth values. Companies in this index tend to [...]

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September 2009 ETF Roundup: Launches, Filings, and Closures

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