Archive

Archive for May, 2010

Assets in Rydex|SGI Equal Weight ETF (RSP) More Than Doubled Since the Beginning of 2009 to Approximately $2.3 Billion

May 25th, 2010

The industry’s first alternatively-weighted ETF continues to make a compelling case for incorporating equal weight investment strategies as part of an overall asset allocation Read more…

RSP

New Oil Forecast From Bank Of America Does Not Bode Well For These Oil ETFs

May 25th, 2010

“A new forecast from Bank of America (NYSE:BAC) Merrill Lynch is lowering the expected 2010 target oil demand growth from 2 million b/d to 1.5 million b/d. The bank also cut its crude oil price forecast Read more…

OIH, OIL, USO

Financial Select Sector SPDR ETF (XLF) Draws Bearish Put Play

May 25th, 2010

Reuters is reporting that, “Shares of the Select Sector SPDR Financial fund, which holds all the financial names from the S&P 500, fell 24 cents to $14.09 by mid-afternoon. One bearish player, expecting the shares of the underlying exchange-traded fund to continue to erode, purchased a ratio put spread Read more…

XLF

Tuesday, May 25th ETF Movers: VXX, PSAU, RSX, EWY, XLES

May 25th, 2010

In trading on Tuesday, the iPath S&P 500 VIX Short-Term Futures ETN (VXX) is outperforming other ETFs, up about 4.4% on the day. Also up for the day is the Global Gold and Precious Read more…

NYSE:EWY, PSAU, RSX, VXX, XLES

Getting On The Other Side Of This Very Crowded Trade With The UltraShort Treasury ETF (TBT)

May 25th, 2010

“If you’re a contrarian investor, there’s nothing as fun as getting on the other side of a very crowded trade. And the most crowded trade going today is the “flight to quality” — quality Read more…

ETF BASIC NEWS, TBT

The Closing Price For The S&P 500 ETF (SPY) Will Be Key

May 25th, 2010

“From a technical perspective, today’s big market story is that the S&P 500 briefly traded below the 2010 intraday low of 1044.5 the index set on Feb. 5. The blue-chip benchmark fell to 1040.6 today Read more…

SPY

The Platinum ETF (PPLT) Could See Some Relief When The World Cup Kicks Off

May 25th, 2010

Platinum prices may “spike” next month as the soccer World Cup in South Africa potentially disrupts power supplies to mines, said ETF Securities Ltd Read more…

PPLT

Vanguard Study Finds Investors Favoring Low-Cost Mutual Funds and ETFs

May 25th, 2010

A new Vanguard study on mutual fund and exchange-traded fund (ETF) purchasing activity revealed that lower-cost products have attracted the predominant portion of investor dollars over Read more…

ETF BASIC NEWS

MarketRiders Launches Free Online App That Reveals All Mutual Fund Fees And How to Cut Them by 80%, With ETFs

May 25th, 2010

Investors Finally See Actual Fees, and How to Cut Them by 80%, With Exchange Traded Funds (ETFs).  MarketRiders (http://www.marketriders.com/) today launches its Mutual Fund Fee Read more…

ETF BASIC NEWS

iShares MSCI Emerging Markets Index ETF (EEM) Draws Massive Bear Put Flys

May 25th, 2010

Reuters is reporting that, “Massive bearish butterfly spreads initiated in the iShares MSCI Emerging Markets Index (EEM) cast a gloomy shadow for the exchange-traded fund within the next few weeks, said Interactive Brokers Group equity options analyst Caitlin Duffy. EEM shares fell 41 cents to Read more…

NYSE:EEM

The ETF Store Names Telford Chief Investment Officer

May 25th, 2010

The ETF Store, Inc. announced today that Thomas Telford has joined the firm as its chief investment officer, effective immediately Read more…

ETF BASIC NEWS

Pax World Set To Begin Trading The ESG Shares FTSE Environmental Technologies (ET50) Index Fund ETF (ETFY) Tomorrow May 26th

May 25th, 2010

Pax World is set to begin trading the “ESG Shares FTSE Environmental Technologies (ET50) Index Fund ETF” (ETFY), Tomorrow May 26th. The Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of the ETS ET50 Index (the “Index”), Read more…

ETF BASIC NEWS, NYSE:ETFY

Investors Turn To The Gold ETF (GLD) As Pressure On The Euro ETF (FXE) Continued

May 24th, 2010

“The CurrencyShares Euro Trust  (NYSE:FXE ) was down 1.5% in morning trade Monday as Europe’s economic problems were back in the spotlight following reports Spain has seized a troubled Read more…

ETF BASIC NEWS, NYSE:FXE, NYSE:GLD

New Bank Rules Will Be Felt By Financial ETFs (XLF, IYF, VFH)

May 24th, 2010

“Both the U.S. House and Senate recently passed sweeping financial overhauls which include more stringent rules on lending, increased debt-to-capital ratios on large financial institutions and Read more…

IYF, VFH, XLF

How Closely Does The VIX Short Term Futures ETN (VXX) Track the VIX?

May 24th, 2010

“A reader recently asked me about the correlation between the spot VIX and iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX). I know it’s not exact, but for a 10% move in VIX, how much Read more…

VXX

Copyright 2009-2012 ETFDAILYNEWS.COM

LOG