VelocityShares, the issuer behind several popular ETNs linked to volatility-based indexes, made a big expansion to its product lineup this week with the launch of eight notes offering leveraged exposure to various precious metals. The new additions include both long and inverse offerings covering gold (3x), silver (3x), platinum (2x), and palladium (2x).
Each of the new products is a first-to-market offering; the gold and silver ETNs represent the fist time 3x daily exposure has been available to those metals, while the platinum and palladium products are the first to offer leveraged or inverse exposure to those metals [for analysis of all new ETFs, sign up for the free ETFdb newsletter]: [click to continue…]
One of the biggest stories in the ETF world over the past few trading sessions has been the Gold SPDR (GLD) taking the top spot among most widely-held ETFs, finally surpassing SPY for the AUM crown. Yet, just as soon as this happened and gold hit $1,900/oz., investors saw a brutal sell-off in the precious [...]
Thanks to a surprisingly solid reading from the Chicago PMI yesterday, many investors are growing increasingly optimistic that the economy has bottomed out in the near term. The reading crushed analyst expectations by close to eight points and many speculate that renewed production in the automotive sector may have been a large reason for the [...]
Futures-based investing has long been a popular option for those looking to gain exposure to commodities that were otherwise difficult to reach. But with the introduction of ETFs came increased granularity in this investing segment, as there are now exchange traded products that offer exposure to a wide variety of commodities through a single ticker. [...]
American equity markets finished the final full week of May on a relatively strong note, as most major benchmarks moved off of their lows from earlier in the week to finish Friday in the green. A similar trend was had in the commodity space, as concerns over the European debt situation helped to reignite demand [...]
ETF Securities, the giant of the European ETF market that has amassed more than $4 billion in a suite of seven U.S.-listed products, is taking steps towards an initial public offering according to the Wall Street Journal. The ETF issuer has reportedly retained Citigroup and Bank of America Merrill Lynch to discuss its strategic options, [...]
ETF Securities, the Europe-based ETF issuer responsible for a series of ultra-popular physically-backed precious metal ETFs, recently made an SEC filing detailing plans for a series of physically-backed exchange-traded products targeting the industrial metal space. In total, the filing calls for seven funds with one targeting each of aluminum, copper, lead, nickel, tin, and zinc, [...]
It doesn’t seem like that long ago that exchange-traded commodity products were the darlings of the ETF world. Praised for democratizing an entire asset class (and one capable of delivering non-correlated returns to investors at that), commodity ETFs saw billions of dollars of cash inflows in 2009. Investors rushed to get their hands on everything [...]
ETF Securities, the European-based ETF issuer famous for its lineup of physically-backed precious metal ETFs, announced further expansion of its product offering with the launch of an ETF that holds physical gold bullion in Singapore, the ETFS Physical Asian Gold Shares Trust. The new fund will trade under the symbol AGOL and will charge investors [...]
As 2011 gets underway, investors have bought up securities across the board giving a nice boost to American equities to start the new year. While the early leaders of the year were in the basic materials and financial sectors, automakers have also continued their strong performance, outpacing a variety of their counterparts in the consumer [...]
ETFs in the commodity space have had an incredible run in 2010, with some funds gaining over 80% on the year and becoming some of the year’s top performers. Commodities across the board have enjoyed big gains this year due to a number of factors, including a shaky dollar, strong emerging markets demand, and various [...]
