ETF Database » OIH

HOLDRS Conversion Begins: Investor Action Required

Michael Johnston — Mon, 14 Nov 2011 11:00:28 +0000

Van Eck has begun the process of converting six HOLDRS products offered by Merrill Lynch into traditional ETFs that will be included under the Market Vectors lineup, offering investors an opportunity to exchange their receipts in HOLDRS trusts for shares in the new ETFs. The exchange requires affirmative action on the part of investors, meaning that advisors or individuals with positions in existing HOLDRS must take action in order to receive shares in the new ETFs. The exchange offer is expected to remain open until December 20. “We have structured the offers, in our view, to be investor friendly,” said Adam Phillips, Managing Director of ETFs at Van Eck Global. “Potential benefits of participation include the opportunity for uninterrupted exposure to target industries, a partially tax-advantaged exchange, and no costs associated with the offers.” Van Eck also noted that the new structure could allow investors to achieve more complete and [...]

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ETF Shakeup: HOLDRS Headed For Extinction, ELEMENTS To Follow?

Michael Johnston — Wed, 24 Aug 2011 11:00:52 +0000

The competitive landscape of the ETF industry has evolved rapidly over the last several years, with several new players–both big and small–making a push into the space. From financial giants such as RBS and Citi to relative unknowns such as Javelin and Precidian, the roster of active ETF issuers has grown to nearly four dozen. Now, mirroring a trend playing out in the lineup of exchange-traded products, it appears that some contraction is in order. Coming months could see a few ETP issuers wiped off the map, as a series of fund closures and mergers should reduce the number of companies that market exchange-traded products [see also ETF Update: Pipeline Continues To Fill]. HOLDRS Winding Down Earlier this month, Van Eck and Merrill Lynch announced a unique arrangement that would convert six of the most popular HOLDRS products into more traditional Market Vectors ETFs. While HOLRDS are often grouped under [...]

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Van Eck, Merrill Partner: Conversion of HOLDRS Ahead?

Michael Johnston — Mon, 15 Aug 2011 11:00:51 +0000

Van Eck announced last week a partnership with Merrill Lynch that may ultimately lead to the conversion of several HOLDRS products to soon-to-be-launched Market Vectors ETFs. As part of the agreement, Van Eck will introduce six new ETFs that maintain the same tickers as the existing HOLDRS but that will be part of the Market Vectors family of ETFs. Van Eck said it expects the exchange to be launched in the third quarter of this year and consummated in the fourth quarter. The agreement would cover six existing HOLDRS, which would be converted to Van Eck ETFs that seek to replicate Market Vectors indices. The impacted products include: Ticker New Market Vectors ETF Underlying Index OIH Oil Services ETF Market Vectors US Listed Oil Services 25 Index SMH Semiconductor ETF Market Vectors US Listed Semiconductor 25 Index PPH Pharmaceutical ETF Market Vectors US Listed Pharmaceutical 25 Index BBH Biotech ETF [...]

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ETF Insider: Picky Bulls, Broad Bears

Stoyan Bojinov — Mon, 18 Jul 2011 14:18:15 +0000

Wall Street continued its wild ride last week as equity indexes sank lower after a discouraging downgrade of Ireland to junk status and ongoing worries about the debt ceiling on the home front. Alcoa started the week with upbeat results and Google left investors smiling on Friday as shares soared upwards of 10% after the internet giant crushed analyst expectations. Gold emerged as the strongest performing asset class yet again; the precious metal continues to ride higher as financial markets across the globe largely remain uncertain and last week’s futures prices climbed to record highs of $1,594 an ounce. Our trade recommendations for this week include a defensive position with international exposure in the fixed-income market, while our other two picks are positioned to gain from a rally in select corners of the equity-market from across the globe. Weekly Outlook The coming week is fairly sparse with economic data on [...]

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Three Forgotten ETFs To Play Oil

Jared Cummans — Wed, 11 May 2011 14:00:48 +0000

Oil has not been the talk of markets since pre-recessionary time when sky high prices, above $140 per barrel to be exact, were acting as an anchor on various aspects of our economy. That period in time saw numerous businesses struggle with soaring crude prices, a good example being U.S. airline Skybus, who was forced to go out of business due to profits being severely pinched by jumps in crude. Then tragedy struck as markets took a nose dive, bringing oil prices back down to earth, where they remained, until recently. Since early 2011, when revolutions and crises broke out in various countries all across the Middle East, oil has enjoyed strong gains. Investors watched crude jump above the important $100 per barrel mark, and continue to nearly $120. While oil spikes has negative ramifications for consumers and businesses alike, investors are scrambling to find the right picks to benefit [...]

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Three ETFs To Watch This Week: EWJ, EWA, OIH

Jared Cummans — Tue, 07 Sep 2010 05:26:01 +0000

Only a few days into the ninth month of the year, September is shaping up to be a far better month than August, when many benchmarks were pummeled by negative outlooks and a wave of bearish sentiment on Wall Street. After a better-than-expected jobs report sent markets surging to close trading last week, investors will be hoping for more good news in coming days to keep the September rally going. The holiday-shortened week is generally one of the least active of the entire year, but the next four days will see no shortage of critical data releases in the U.S. and elsewhere that could give equity markets direction as the fourth quarter nears. Below, we profile three ETFs that could be active this week [for more ETF ideas, sign up for our free ETF newsletter]: iShares MSCI Japan Index Fund (EWJ) Why EWJ Will Be In Focus: This week should [...]

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Friday The 13th Special: Three Unlucky ETFs

Michael Johnston — Fri, 13 Aug 2010 10:00:00 +0000

As the summer months draw to a close, many ETFs find themselves in negative territory on the year; an extension of 2009′s magnificent rally has simply not materialized. Many of the disappointing performances from equity ETFs have been easy enough to explain, as scenarios that have played out countless times before have dragged down stocks. The Spain ETF (EWP), for example, has been pummeled by sky-high unemployment, an impossible budget situation, and the prospect of a a prolonged period of negligible real economic growth. Against that backdrop, it is not surprising that EWP has lost about 15% in 2010. Other ETFs, however, have simply run into some tough luck; events or relationships that few could have foreseen have dragged many popular funds lower in 2010. As another Friday the 13th rolls around, we profile a few ETFs that have experienced more than their fair share of bad luck this year [...]

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Wednesday’s ETF To Watch: Oil Service HOLDR (OIH)

Eric Dutram — Wed, 04 Aug 2010 08:23:35 +0000

One of the biggest stories from the second quarter of the year was the Deepwater Horizon oil spill which continues to contaminate the Gulf of Mexico. As embattled oil giant BP prepares to finally seal off the well, the focus moves from containment to blame which has put a variety of companies in the spotlight of both the government and shareholders. In addition to shaving close to $70 billion off of BP’s market cap, the disaster has put the oil service industry into focus with companies growing increasingly concerned over the extent of an offshore drilling ban as well as their costs for the cleanup of the spill [also see Uncertain Future For Energy ETFs]. Despite the spill and the potential loss of business, companies in the sector have reported robust earnings so far this quarter. Two of the biggest names in the industry, Halliburton (HAL) and Schlumberger (SLB), posted [...]

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ETF Winners and Losers From The Second Week Of Earnings Season

Jared Cummans — Mon, 26 Jul 2010 01:00:24 +0000

The first week of earnings season brought mixed results from many bellwethers and did not help to give the market any direction heading into the third quarter. The financials sector took a hit with Citigroup and Bank of America both reporting weak revenues numbers while Internet and consumer sectors also slumped on the back of poor outlooks for the rest of 2010. The semiconductor industry was one of the few winners from week one, with Intel announcing strong guidance and posting record quarterly profits. With the mixed results from week one, investors put a variety of big names under the microscope last week in order to give the choppy market some direction going forward. Some of the key companies reporting included Goldman Sachs, Johnson & Johnson, Apple, and Halliburton which overall produced a slightly more upbeat outlook which helped to send the market higher on the week [see ETF Winners And Losers From First Week Of Earnings Season]. [...]

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ETF Plays To Invest Like Buffett, Fisher, Paulson

Jared Cummans — Wed, 14 Jul 2010 11:00:59 +0000

Taking a quick look around the investing landscape, one might not immediately suspect that we’ve entered the dog days of summer; there is no shortage of bears who have seemingly come out of hibernation. But not everyone is down on the economic outlook with bulls making a case for a strong second half of 2010. In a recent piece for the Wall Street Journal, James Altucher notes that some legends of investing are haven’t fled for safety just yet, instead making some sizable bets on a recovery. Most investors lack the capital to launch a buyout of one of the world’s largest railroads, but that doesn’t necessarily preclude them from following in the footsteps of Warren Buffett. Below, we highlight some of the favorite plays of Buffett, Ken Fisher, and John Paulson, as well as some ETF ideas for investors looking to play along with the big dogs [for more [...]

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ETF Database » OIH

HOLDRS Conversion Begins: Investor Action Required

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ETF Shakeup: HOLDRS Headed For Extinction, ELEMENTS To Follow?

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Van Eck, Merrill Partner: Conversion of HOLDRS Ahead?

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