After surging from about $35 per barrel at the end of 2008 to $70 at the halfway point of 2009, crude oil traded within a relatively tight range of $70 and $80 for the last eight months. But many analysts have become bullish on oil prices in recent weeks, anticipating a rally spurred by seasonal factors, strong demand from emerging markets, and an uptick in manufacturing and factory activity in the U.S. [click to continue…]
Two months into 2010, hopes for a smooth, steady year for equity markets have already been dashed. After stumbling out of the gates as worries about the euro zone and the sustainability of China’s impressive growth, most equity markets bounced back in February, as rounds of solid economic data sparked renewed optimism in the U.S. recovery effort. [click to continue…]
Last year saw more than 100 new ETF launches, ranging from the relatively “plain vanilla” to funds offering more targeted and unique exposure. One of the more interesting product launches came late in the year, when Geary Advisors introduced the first state-specific ETF, the Oklahoma Exchange-Traded Fund (OOK).
The first six weeks of 2010 have been a bit on the tumultuous side, as equity markets that came flying out of the gate have done a complete reversal, heading lower and erasing large chunks of the gains recorded in 2009. While the rocky start has been unnerving for investors anxious over the possibility of [...]
Last year saw more than 100 new product launches, ranging from plain vanilla equity and bond funds to ETFs offering exposure to exotic new investment strategies and asset classes previously available only to a limited slice of the investing community. The innovation that has made ETFs a popular alternative to mutual funds seems ready to [...]
After launching more than 120 new funds last year, the ETF industry seems poised to continue its rapid growth in 2010. Numerous issuers have big plans for this year, with the number of new product launches expected to once again exceed 100 and perhaps even top last year’s results. A recent SEC filing shed some [...]
About two months ago, Geary Advisors made headlines by launching the Oklahoma ETF (OOK), the first state-specific exchange-traded product available to U.S. investors. OOK is linked to the SPADE Oklahoma Index, a modified market capitalization-weighted benchmark that seeks to measure the performance of publicly-traded companies whose corporate headquarters are located in the state of Oklahoma. [...]
The reasons for the rise of the ETF industry are numerous: intraday liquidity, (potentially) superior tax efficiency, and enhanced transparency relative to traditional actively-managed mutual funds have all contributed to the billions of dollars of inflows that these funds have seen in recent years. But the real attraction for most ETF investors is the reduced [...]
Last month, Geary Advisors made its entrance into the ETF industry with the launch of the Oklahoma Exchange-Traded Fund (OOK), the first state-specific ETF available to U.S. investors. While the unique investment strategy of this ETF may have caught investors’ eyes initially, the truly interesting part of OOK is its risk and return profile. With [...]
Boasting competitive cost structures, enhanced tax efficiencies, and improved liquidity features, ETFs have quickly become one of the most popular tools for all types of investors. But despite the rapid rise of the industry over the last five years, there are still countless investors, including many financial advisors, who are completely unaware of exchange-traded funds. [...]
Earnings season continued on Wednesday with announcements from several major global energy firms. Exxon Mobil, the world’s largest oil company, reported earnings of $4.7 billion, or 98 cents per share, representing a 68% drop from year ago levels when the company set earnings records. Analysts had been expecting earnings of $1.06 per share, and Exxon’s [...]
After trading lower for much of the day, U.S. equity markets closed higher on Thursday, as the Dow put some breathing room between itself and the 10,000 level. Investors closely monitored several high profile earnings reports, most of which met or beat Wall Street’s expectations. Google’s third quarter net rose 27% to $1.64 billion, while [...]