|
|
Eric Dutram: The past month has been pretty unkind to the big banks for a variety of reasons. Speculation continues to build regarding a broad European default centered around Greece which could trigger a number of issues for many banking stocks in the near term. Read more…
If past is prologue, and it generally is in markets as in life, the Financial sector could be poised for a decent rally in the next 12 months. At least that’s the assertion of Paul Hickey, the co-founder of Bespoke Investment Group. Hickey’s theory doesn’t rely on a Read more…
To participate in the exchange offers, please contact your financial intermediary; or follow the instructions included in the exchange offer materials. These materials will be mailed to you directly or will be provided by your brokerage firm. If you have not received the exchange offer materials, please contact Read more…
ConvergEx Group, a leading technology company, today announced that it has been named exclusive transition manager in Van Eck Global’s exchange of certain Merrill Lynch-sponsored Holding Company Depositary Receipts (HOLDRS) into Market Vectors exchange traded funds (ETFs). These include: Oil Services Read more…
Michael Johnston: Van Eck has begun the process of converting six HOLDRS products offered by Merrill Lynch into traditional ETFs that will be included under the Market Vectors lineup, offering investors an opportunity to exchange their receipts in HOLDRS trusts for shares in the new ETFs. The exchange Read more…
Jared Cummans: The past few weeks have seen violent behavior in equity indexes as a slew of negative news and data led to some of the most volatile trading days since the 2008 crash. The problems largely began with the debt debate that took longer than expected, while the solution Read more…
Van Eck announced last week a partnership with Merrill Lynch that may ultimately lead to the conversion of several HOLDRS products to soon-to-be-launched Market Vectors ETFs. As part of the agreement, Van Eck will introduce six new ETFs that maintain the same tickers as the existing Read more…
Van Eck Global and Merrill Lynch & Co., a subsidiary of Bank of America Corporation (“Merrill Lynch”), have entered into an agreement relating to Merrill Lynch-sponsored HOLding Depository ReceiptS (“HOLDRS”). Van Eck’s Market Vectors ETF Trust plans to offer investors in six Read more…
Equity markets were broadly higher on Wednesday as investors rejoiced over a robust China GDP report and stimulating words from Chairman Bernanke. “The possibility remains that the recent weakness may prove more persistent than expected and that deflationary risks might reemerge, Read more…
The stock market sold off sharply on Monday but closed well off the lows. All of the major indices traded down by as much as 2.3% during the session. The plunge was led by small and mid cap Read more…
For a second consecutive day stocks finished down but well off the session lows. However, trade was heavy on a down day in the market. The Nasdaq ended the day down 1.3%. Both the Dow Jones Read more…
The market closed higher on Thursday, but volume was off. All five major indices finished in positive territory, with the Nasdaq leading the way. The tech rich index closed the day higher by 0.6%. Read more…
Although equity markets experienced a rough session in Thursday trading, 2011 has seen a pretty solid start for most sectors of the American economy. Over the past few weeks, financials have Read more…
Back on December 11 I wrote that, to my surprise, the financial sector seemed to be staging a real comeback. At that time I pointed out that the ETF Trend Performance Report indicated that a Read more…
NYSE:FAS, NYSE:IYF, NYSE:IYG, NYSE:RKH, NYSE:UYG, NYSE:VFH, NYSE:XLF
Market Vectors will transition six of their ETFs from the Merrill Lynch HOLDRs to Market Vector exchange traded funds, tomorrow December 21st. According to Deutsche Bank, the new ETFs should provide a better representation of 
Most Comments