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RGRC

November was a slow month for ETF growth, starting with the delayed releases of all both Pryxis and RBS funds due to Hurricane Sandy wrecking havoc on the entire Eastern shoreline. These funds did eventually make their way to market, but as the end of the month and Thanksgiving approached, the U.S. markets stayed stable and slow [for updates on all new ETFs, sign up for the free ETFdb newsletter].

The re-election of President Obama and the looming fiscal cliff has brought a lot of confusion to the general market, which may have played a part in the ETF slowdown. Only three funds left the market, but the real excitement this month was in the filings of six funds and three funds entering the market. PureFunds is listing its first ETFs with month, with both Radiance Asset Management and ETF Investor Solutions are bringing their first products to the SEC, and we will see what these new funds have to offer before  2013 [see Free Member Report: How To Pick The Right ETF Every Time]. 

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Talks of the American Economies Fiscal Cliff cast a shadow over the economy as stocks consistently dropped throughout the week. Law makers announced Friday that there has been progress in budget talks with the White House, leading a mini market rally to end the week on a better than expected note. Not everyone enjoyed the Friday rally, as Twinkie maker Hostess announced it would be liquidating the business and laying off 18,000 employees. UBS announced earlier this week that it would be cutting 10,000 jobs in its fixed income, currency, and commodity unit, leading many investors to abandon the Swiss bank and the stock price to sink. Japan has started its election process, with voting taking place a month from now the Liberal Democratic Party is hoping to displace the Democratic Party of Japan after numerous scandals and tax increases [also see Least Correlated Country ETFs to S&P 500].

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RBS made a significant expansion to its lineup of ETNs this week with the debut of five products offering exposure to commodity indexes bearing the name of legendary hard asset investor Jim Rogers. The new products include a broad-based ETN as well as resource-specific notes linked to certain types of natural resources [see Everything You […]

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