Courtesy of Bloomberg LP China approved the introduction of its first exchange-traded fund of government bonds as policy makers seek to expand the nation’s debt market. Guotai Asset Management Co.’s exchange-traded fund of Chinese sovereign debt will be listed on the Shanghai Stock Exchange and benchmarked against an index of…Read More
Courtesy of the ETF Professor at Benzinga.com U.S. equities and other riskier assets are in rally mode in the first trading session of 2013 after lawmakers finally got around to agreeing on legislation that steered the U.S. away from the dreaded fiscal cliff. News that a deal was in the…Read More
AdvisorShares, a leading sponsor of 17 actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Peritus High Yield ETF (NYSE Arca: HYLD), the first high yield actively-managed ETF has met listing requirements of the Chicago Board Options Exchange® (CBOE®) and that HYLD options are now listed for trading on…Read More
Courtesy of WSJ Dec 28 Weekend Edition and reporter Joe Light The world of ETFs is about to get pumped up. A long-heralded blossoming of actively managed exchange-traded funds is one step closer, now that the Securities and Exchange Commission earlier this month removed a hurdle that discouraged money managers…Read More
Courtesy of WSJ's Chris Dieterich The sprawling reach of exchange-traded funds has so far left initial public offerings virtually untouched, but the performance of the sole fund to focus on new stocks has proven worthy of investors' attention – and could well encourage imitators. The pioneering fund, First Trust US…Read More
Commodities hedge fund RK Capital Management has lost its bid to stop a copper exchange-traded fund that it warned could "wreak havoc on the U.S. and global economy." The Securities and Exchange Commission last week approved a rule change at NYSE Arca that will allow the launch of a physical…Read More
Courtesy of Daniela Pylypczak Back in March of 2010, the SEC began a review of the use of derivatives by ETFs, specifically actively-managed and leveraged funds. Norm Champ, Director of the SEC’s Division of Investment Management, stated that “The use and complexity of derivatives have grown significantly over…Read More
While the market seemed generally unimpressed by the Federal Reserve's pledge to hold interest rates down until the U.S. unemployment rate drops below 6.5 percent, the usual suspects among ETFs performed as expected Wednesday. Following the conclusion of the central bank's last monetary policy meeting of 2012, the PowerShares DB…Read More
Courtesy of Rosalyn Retkwa When it comes to the broad-based emerging-markets equity ETFs, Vanguard’s MSCI Emerging Markets ETF (VWO) is clearly the top dog. As of December 11, VWO had a market cap of $58.66 billion and an average daily volume of 17.74 million shares. But back on October…Read More
courtesy of DowJones' Peter Davy Dec 10 2012 Exchange-traded funds may be seen as a low-cost investment option but the huge choice of how to trade these products can have expensive consequences for institutional investors. “It can have a very significant impact. Get a bad execution and you start…Read More
Courtesy of Karen Damato, WSJ Reporter Most ETF names appear to leave little to the imagination. They seem to describe what the fund is all about. But beware: Sometimes you can't judge an ETF by its cover. A "Middle East & Africa" fund with only 5% of assets in the…Read More
excerpt from Olly Ludwig's Nov 30 column You might think that having Knight Capital in play could be a threat to ETF trading. Luckily it’s not. Still, it struck me that thinking through the possibilities surrounding an acquisition of Knight by Getco or Virtu is a worthwhile exercise. After all,…Read More
Courtesy of Eric Lim/Bloomberg LP IShares expects Canada’s exchange- traded fund market will double to about C$100 billion ($100.8 billion) in three to five years and the company plans to offer products and partnerships with firms such as Sun Life Financial Inc. (SLF) to maintain its No. 1 rank. IShares…Read More
By Ari Weinberg | November 26, 2012 Pension fund managers considering expanding their use of exchange-traded funds must always bear in mind that trading ETFs is entirely different from trading stocks. Entering a transaction without a clear understanding of the market dynamics for the ETF and the underlying stocks…Read More
Courtesy of Ronald Delegge, ETFGuide.com IndexIQ introduced the the IQ HedgeMarket Neutral Tracker ETF (QMN) in October. QMN is designed to offer investors liquid, transparent market neutral hedge fund exposure. QMN will seek to track, before fees and expenses, the performance characteristics of the IQ Hedge Market Neutral Index…Read More
Courtesy of Daniela Pylypczak With the 2012 holiday season just around the corner, the U.S. retail sector is already gearing up for what could be another make-or-break year for many companies. Many retailers generate significant portions of annual revenues and profit during the holiday months of November and December, with Black Friday…Read More
Courtesy of Dennis Hudacheck Investing in China is tricky. There are now more than 20 China-focused ETFs to choose from, ranging from size and style funds to sector-specific funds. As if sifting through expense ratios, liquidity and holdings isn’t enough, China investors have another big, fundamental factor to consider: Chinese…Read More
Just because something is cheap does not mean it is a good bargain. Such is life for Russian equities and the relevant U.S.-listed ETFs. Amid slumping energy shares, the "R" in the BRIC acronym saw its benchmark Micex Index slip to a three-month low on Tuesday. The slide comes just…Read More