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GSD

The month of September brought an unexpected but very welcome rally in stock markets, as many equity ETFs enjoyed their best month of the year. September also set a number of records from the product development perspective in the ETF industry; more than two dozen new funds from a handful of different issuers hit the market, and the month’s additions had pulled in aggregate assets of nearly $300 million by month end. The month also saw Claymore rebranded under the Guggenheim name, as well as the departure from the ETF industry of two issuers, Geary and GlobalShares [see more at Claymore Changes Name To Guggenheim Funds]. [click to continue…]

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Old Mutual Global Index Trackers (OMGxT), a South African-based asset manager, announced last week that it plans to shut down five ETFs listed in the U.S. under the GlobalShares brand, ending a brief experiment that failed to attract significant interest. Trading in the five ETFs will be suspended prior to the market opening on October 6, and shareholders of record as of October 8 will receive the net asset values of their shares. The ETFs to be closed down include: [click to continue…]

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The ETF industry came flying out of the gates in January with more than two dozen new product launches and several more new product filings. Although the pace slowed a bit in February, the ETF universe continues to expand at an impressive rate, keeping 2010 on track to be the most active in the history […]

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GlobalShares, a division of London based Old Mutual, launched the FTSE Developed Countries Ex-U.S. Fund (GSD) on Thursday, doubling the size of its ETF product line. GSD will track the FTSE Developed ex-U.S. Index, a benchmark already covered by the Schwab International Equity ETF (SCHF). The new GlobalShares ETF will also compete with the iShares […]

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