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The impressive pace of expansion in the ETF industry slowed a bit in May, as issuers introduced fewer new funds than in previous months. Still, more than a dozen new ETFs began trading last  month, including some first-to-market products, a few ETFs that will go head-to-head with established products, and the second coming of an ETF offering exposure to the Emerald Isle. May also saw the completion of some previously announced ETF closings, resulting in a net decline in the overall ETF product roster for the month. But that trend seems unlikely to continue, as issuers continued to fill the new product pipeline with some interesting ideas. Below, we profile ETF launches, filings, and closures from the month of May. [click to continue…]

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Leveraged and inverse ETFs have a surge in popularity in recent years, as risk hungry investors embraced these vehicles as a means of achieving a number of different investment goals. But Rydex, one of the earliest ETF issuers to offer these products, has largely missed out on this boom. The Rockville, Maryland-based firm announced last week that it will close the doors on 12 of its leveraged and inverse ETFs, eliminating all but two of the products in its ETF family. Friday, May 21 will be the last day of trading for the following ETFs: [click to continue…]

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Leveraged ETFs were in the headlines a great deal in 2009, but most of the coverage was less than favorable. Misinformation on these products was widespread throughout the year, leading to confusion on many aspects of these products and some unfair generalizations. One of the primary points of discussion was the performance of leveraged ETFs [...]

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