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WITE

Despite some rather positive economic data, Wall Street remained pessimistic about the seemingly never-ending fiscal cliff negotiations. Third-quarter GDP was revised to 3.1%, up from 2.7%, while second-quarter growth was recorded at 1.3%. Existing home sales in November jumped 5.9% from the previous month, bucking economists’ expectations of a 2.3% increase. The Philadelphia Federal Reserve Bank’s index of business activity for December popped to 8.1 from November’s 120.7 reading. The stalemate in Washington, however, put a damper on these positive reports [see also 101 High Yielding ETFs For Every Dividend Investor].

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ETF Securities, known for listing the world’s first physical gold ETF, debuted the first ever physically-backed precious metals ETF that focuses exclusively on silver, platinum, and palladium late last year. Since its inception in December 2011, WITE has accumulated just over $45 million in assets under management and trades on average over 10,000 shares daily, showcasing the demand for precious metals exposure during a tumultuous period in the markets. Nonetheless, it’s been a tough year for commodities across the board as debt woes in Europe and slowing growth in China have painted a gloomy outlook for raw materials demand in developed and emerging markets alike [see Ten Unexpected Observations On YTD ETF Returns].

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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, […]

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December continued the impressive wave of product innovation that has become expected of the ETF industry. Various issuers introduced first-to-market products and continued the impressive expansion of the exchange-traded product pipeline. After starting with a flurry of activity, product launches slowed in the second half of the month leading up to the holiday season. Still, […]

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Thanks to increased worries over the fiscal health in a variety of developed markets, many investors have sought to protect their portfolios from declining fiat currencies by buying up commodities. In response, a host of ETF issuers have created a variety of new products allowing investors to establish exposure to precious metals, including both commodity-specific […]

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