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VAW

Vanguard, the Pennsylvania-based provider of ETFs and mutual funds known for its low management expenses, has further enhanced the cost efficiency on its lineup of sector-specific ETFs. The company announced that the expense ratios on a handful of its sector funds have been cut to 0.19%, making them slightly cheaper than the popular lineup of  Sector SPDRs and on par with several FocusShares ETFs. The Vanguard sector ETFs and their expense ratios are now as follows [sign up for the free ETFdb newsletter]: [click to continue…]

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Alcoa Boosts Materials ETFs

by Eric Dutram on October 8, 2009

Yesterday, Dow component Alcoa posted better than expected earnings of 4 cents per share. The company’s surprise return to profitability was largely attributable to cost cutting measures, not new sales. While the way that Alcoa brought itself back to profitability may not be sustainable in the future, Alcoa did forecast an 11 percent increase in worldwide aluminum demand, largely on the back of growth in China. This rosy outlook has buoyed materials ETFs such as iShares Dow Jones Basic Materials Index Fund (IYM), Vanguard Materials ETF (VAW), and Rydex Equal Weight Materials ETF (RTM), all of which are up more than 1% in early trading today. The Alcoa news is also having a ripple effect on the rest of the sector – all of the ETFs in our Industrials ETFdb Category are positive today. [click to continue…]

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