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LIT

Interest in hard assets as an investment opportunity has surged in recent years, thanks in large part to the introduction of several ETFs that allow investors easy access to a diversified basket of companies engaged in the extraction and production of various commodities. Funds investing in gold miners, silver miners, and lithium production have popped up, each attracting significant cash inflows from investors. Van Eck rolled out the latest innovation in this rapidly-expanding space on Thursday, launching the Rare Earth/Strategic Metals ETF (REMX). The new ETF will track the performance of the Market Vectors Rare Earth/Strategic Metals Index, a benchmark that includes companies engaged in a variety of activities related to mining, refining, and manufacturing rare earth metals. [click to continue…]

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Lithium ETF (LIT) Surges As A123 Systems Ramps Up Battery Production

by on September 14, 2010 | Updated September 15, 2010

Monday was a solid start to the week for equity markets, as reaction to the new “Basel Rules” regarding capital requirement levels, which gave banks a generous amount of time to meet the new requirements, sent shares surging. While this news remained in the spotlight for much of the day, one small sector of the economy also produced a banner day for shareholders but for a completely different reason. In case you missed it–and you probably did–one of the other big gainers on Monday was the lithium industry, which saw its fortunes soar thanks to small A123 Systems’ (AONE) opening of a new factory in Michigan. The new factory will be the largest lithium-ion automotive battery production center on the continent and helped to send shares of the Massachusetts-based firm surging higher by close to 10% on the day. [click to continue…]

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Over the past few years, the number of ETFs tracking the alternative energy industry has soared; what was once just a few funds targeting broad equity and bond markets has now branched out into a diversified mix of ETFs offering exposure to almost every conceivable corner of the investable asset universe. One excellent example of […]

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Today, we present the second episode of ETFdb TV. Here’s the first episode in case you missed it. In today’s episode, ETF analysts Michael Johnston and Eric Dutram talk about the new lithium ETF from Global X (LIT), emerging market debt ETFs denominated in the local currencies (ELD and EMLC), and potential fund filings and […]

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Equity markets started off in the red on last Monday and continued their downward trend on Tuesday after dismal housing data showed existing home sales plunged by more than 20% as buyers shied away from the market now that the tax credit for new purchases has expired. This news, compounded with new home sales on […]

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Global X, the ETF issuer that burst on to the scene with China and Brazil sector ETFs, recently filed with the SEC to offer a new ETF that would focus on companies engaged in exploration for gold. The proposed fund would seek to replicate the Solactive Global Gold Explorers Index, a benchmark made up of […]

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New ETFs Grow Up Fast

by on August 20, 2010

Kids today have it rough–at least in the ETF industry. Once upon a time, issuers looking to bring new funds to market had no problem rounding up interested investors; significant demand for new products was a virtual certainty as ETFs made their initial burst on to the scene and all asset values seemed to go […]

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July saw a flurry of activity in the ETF industry, with almost a new fund for every trading day during the month. The surge in new products continues to be driven by innovation rather than duplication; many of the ETFs to hit the market last month were the first of their kind, including unique international […]

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Global X announced the latest addition to its ETF product lineup today, rolling out a fund designed to offer investors exposure to one of the world’s most important metals. The Global X Lithium ETF (LIT) will seek to replicate the Solactive Global Lithium Index, a benchmark designed to reflect the performance of companies across the […]

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