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GLTR

Compared to September, which saw issuers launch more than two dozen new funds and multiple issuers shutter their entire product lines, October was a relatively slow month for the ETF industry. Though the number of new funds launched was down last month, many of the products that did hit the market were innovative, first-to-market funds that accumulated assets rather quickly. The new additions to the ETF lineup covered a number of different asset classes, including precious metals, rare earth metals, Chinese stocks. We also saw another active ETF turn in an impressive debut, indicating that perhaps growth is beginning to accelerate in that corner of the market.

October also set the stage for a flurry of activity in the final two months of the year and first quarter of 2011, as a number of issuers made filings that shed some light on future plans. And in a continuation of a trend that has played out in prior months, news of more fund closures also broke; PowerShares announced that it will shutter ten of its smaller ETFs before the end of the year. [click to continue…]

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As the nation anxiously awaits the results of the midterm elections that will take place next week, the financial world is buzzing after a period of high volatility thanks to a host of earnings reports and financial data. The U.S. government released its anticipated GDP growth report from the third quarter on Friday, which came in at 2% as predicted, painting a lukewarm picture for the economy heading into the all-important holiday season. The Fed has also been slowly revealing its plans to execute another wave of quantitative easing, which has many investors worried as to how markets will react to this move. This week also saw earnings reports from many industry leaders like Microsoft, ExxonMobil, and Merck, which helped to give the markets direction ahead of what is likely to be an extremely choppy week to open up November. Below, we highlight three of the best ETF stories from around the Web during the last week:

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Innovation throughout the ETF industry has been one of the primary themes of recent years, but perhaps no corner of the market has seen more progress on the product development front than the commodity space. U.S. investors now have the ability to invest in dozens of natural resources, primarily through exchange-traded funds than consist of […]

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ETF Securities, the European ETF giant that has now accumulated more than $2 billion in U.S. ETF assets, announced the latest addition to its product line on Friday. The ETFS Physical Precious Metal Basket Shares (GLTR) will be the first U.S.-based, physically backed precious metal basket ETP. GLTR (pronounced “glitter”) will hold gold, silver, platinum […]

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As the U.S. economy continues to struggle and more intervention from the Fed seems inevitable, the dollar has been battered in currency markets. The greenback has already lost close to 8% over the past few months against the world’s other major currencies, and while a Chinese rate hike earlier this week helped to temporarily stem […]

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