All ETF Daily News Articles

Can The The TECH Q’s Continue It’s Rebound In 2009?

uptrend"A lot has changed since the go-go days of the late nineties, when tech stocks soared to amazing heights and then crashed and burned when reality set in. To learn about this paradigm shift, click here. Today, the reality is that tech stocks are here to stay." Writes Sean Hyman
"What were once speculative and highly volatile companies are now mainstays in our economy. This is part of the natural evolution of tech companies, that the winners survive and prosper, and the losers get acquired or eliminated. " Writes Sean Hyman
"The Powershares QQQ (QQQQ), an ETF that replicates the Nasdaq 100, has become synonymous with tech stocks, and has enjoyed a nice rebound in 2009.   The (QQQQ) is up roughly 10% in ’09, and up roughly 25% from its march lows." Writes Sean Hyman 
NASDAQ:QQQQ May 1, 2009 2:03pm

Note: Invesco PowerShares Announces Changes to ETF Family

updateInvesco PowerShares Capital Management LLC is a leading global provider of exchange-traded funds (ETFs). The PowerShares product line includes 135 unique portfolios with assets of $25.8 billion as of March 31, 2009. The family of ETFs is one of the broadest in the marketplace today and spans numerous market segments, sizes, styles, themes and security types, both domestic and international. In an effort to position its business for future growth opportunities and to align its family of ETFs with the changing investment landscape, Invesco PowerShares announced today that it plans to close 19 of its ETFs. The affected funds represent less than 1% of Invesco PowerShares' total assets. "After carefully evaluating numerous factors including shareholder considerations, length of time on the market, asset levels and the potential for future growth, we proposed closing certain portfolios that have not gained sufficient acceptance with investors," said Bruce Bond, president and CEO of Invesco PowerShares. "We remain fully committed to the ETF industry and expect to offer new, exciting products in the months ahead." Full Story:
ETF BASIC NEWS May 1, 2009 1:49pm

Plenty Of Sun For The Solar ETF’s

sun"Obama’s goal to put 1 million plug-in vehicles on the road in the U.S. by 2015 is gravy for companies that are already selling their batteries for more prosaic uses such as mobile phones. There will likely be many false starts in the race toward a “green” car, but a lot of battery power will be expended in the race. " Robert Curran Writes "Meanwhile, solar-power companies, one of the hot plays of early 2008, are having another hour in the sun. Both the Market Vectors-Solar Energy ETF and Claymore/MAC Global Solar Energy Index ETF have both halved, then nearly doubled so far this year. And those are broad ETFs, not single stocks.  Long term, however, technicians note both ETFs and much of the sector is still in the midst of a strong uptrend. "Robert Curran Writes “It’s one of the few areas in the market people can dream about real and big growth,” said Phil Roth, chief technical strategist with Miller Tabak. “There is almost nothing with that kind of growth and the hot money will gravitate to it.” "Pacing the sector is industry leader First Solar Inc. The maker of solar-power harnessing panels and cells is up 23% for the week after the company reported its first-quarter net income more than tripled on surging revenue Wednesday. " Robert Curran Writes Full Story:
ETF BASIC NEWS May 1, 2009 1:10pm

Latest Lemon List Reveals 2,335 Mutual Funds with $718 Billion in Sour Assets

lemonTop 10 Worst Funds on Fabian's Lemon List according to Asset Size - See attachment for more detail:          Fund Asset Size          In Millions - Fund Name          $25319.20 - Dodge & Cox Stock                                                      $22602.70 - American Funds Bond Fund of Amer A                          $15529.10 - Fidelity Magellan                                              $13455.10 - Davis NY Venture A                                          $12713.50 - Fidelity Equity-Income                                              $12018.90 - Dodge & Cox Balanced                                              $ 9721.00 - T. Rowe Price Equity Income                                  $ 8969.80 - Franklin Income C                                                      $ 8871.70 - Fidelity Freedom 2010                                              $ 8501.00 - Fidelity Investment Grade Bond                          This quarter, out of a universe of 2,335 lemon funds, more than 30% or 730 total had negative annualized returns over the past 10 years. Historically stellar funds like Fidelity Magellan and Fidelity Growth & Income did not even perform as well as the S&P 500 (SPY) over the past 10 years. "Investors need to wake up to the reality that many mutual fund managers do not perform as well as many exchange-traded funds (ETFs) with the same investment objective," said Doug Fabian. "As a result, investors are losing money they cannot afford to lose right now." ETFs offer liquidity, leverage, and much lower management fees when compared to most mutual funds. When choosing an ETF over certain mutual funds - significant savings could result. Here are some examples of what $100,000 invested in a mutual fund vs. an ETF 5 years ago would yield: Fidelity Growth and Income would yield $53,360 today, but the ETF equivalent (SPY) the fund's benchmark, would yield $77,308 or a difference of almost $24,000! Full Story and Chart:
ETF BASIC NEWS May 1, 2009 11:42am

The Best Way To Pick International ETF’s

globe"Stocks, domestically and abroad, are blossoming once again. Since the March 9th low, the S&P 500 (NYSEArca: SPY) gained 30% while the broad based international iShares MSCI EAFE Index ETF (NYSEArca: EFA) spiked 33%. We’ll discuss in a moment whether these rallies are true green shoots or just weeds." Says Simon Maierhofer "According to ETFguide’s ETF database, there are 13 broad international equity ETFs, 26 regional equity ETFs, 42 country-specific equity ETFs, 32 international equity sector ETFs and 16 size specific international equity ETFs. No doubt, finding the right ETFs is no walk in the park." Says Simon Maierhofer "The misconceptions exists that broad indexes like the MSCI EAFE deliver instant diversification across the developed world markets. Unfortunately, most broad international indexes lack proper diversification."  Says Simon Maierhofer Full Story:
NYSE:EFA May 1, 2009 11:15am

Are You Looking For A Technology ETF In Your Portfolio?

tech-support"The market is showing signs of relief as the major indices have experienced some great up days despite a lack of positive news regarding our economy.  As an investor, you maybe wondering what your options are to return to the equity market with as much prudence as possible.  The first thing to note is that the IT S&P 500 Component has done extremely well, up 11.80% YTD.  A great way to re-enter IT is through the purchase of well constructed Exchange Traded Funds (ETFs). ETFs are a great way to capture the upside potential of various companies while maintaining diversity within your IT portfolio (or any portfolio).  The key to ETF evaluation is to select low cost and well constructed ETFs making it important to conduct due diligence on the major underlying securities of the vehicle.  ETFs can be a great short to medium term security to enter during volatile environments to maintain exposure to certain companies. I have been looking at a few technology ETFs and have compiled a list of the best three and provided some analysis regarding their holdings and future outlook. " Full Story:
ETF BASIC NEWS May 1, 2009 9:40am

ETF KBW Mortgage Finance (KME) Ready For Trading Today!

etf-news"The latest offering from State Street, SPDR KBW Mortgage Finance ETF (KME), began trading today.  The new ETF is designed to track a Keefe, Bruyette & Woods (KBW) index of the 24 largest mortgage finance companies listed on U.S. exchanges.  KME is the first new equity ETF in the SPDR family since last July, when the SPDR international sector ETFs were launched.  The five launches earlier this year were all bond ETFs." "Like the rest of the financial services sector, the performance of the underlying index had a rough time this past year.  At the end of the first quarter (March 31, 2009), the index was down -9.7% year-to-date and off -62.5% for the past twelve months." Full Story:
NYSE:KME May 1, 2009 9:13am

3 New ETFs Worth Waiting For

new1Even the worst economy since the Great Depression and a president who chastises white-collar financial workers for not “making anything” hasn’t stopped the intense pace of innovation in the ETF space, where no fewer than 250 funds await regulatory approval. These aren’t the usual bevy of large-cap lookalikes full of Exxon Mobil (XOM: 66.67, -1.77, -2.58%) and Google (GOOG: 395.97, +4.50, +1.14%). Previously unattainable markets, from commodities, currencies and real estate will soon be as easy to trade as General Electric (GE: 12.65, +0.43, +3.51%)… if the SEC ever gets around to permitting them to list. Here are a few of the upcoming products I’m anticipating the most. 1. ETFs Palladium Trust (No Ticker Yet) Palladium, a sister metal to platinum, is used extensively in auto catalysts, which accounts for roughly 55% of the total demand. It’s also used in dentistry, electronics and jewelry, giving it somewhat of a split personality. It’s an industrial metal that’s often closely correlated with gold and silver. The majority of supply comes from Russia and South Africa, where disruptions in production can often lead to sharp spikes in price. Longtime readers know I’ve had some success in the past with palladium-related equities such as North American Palladium (PAL: 1.81, +0.07, +4.02%) and Stillwater Mining (SWC: 4.51, +0.01, +0.22%). Not unlike SPDR Gold Trust (GLD: 87.27, -1.06, -1.20%) or iShares Silver Trust (SLV: 12.21, -0.34, -2.70%), the ETFs Palladium Trust will aim to simply track the price of palladium, less expenses, making it easier and less cumbersome to trade than futures contracts or actually taking physical delivery. A small and comparatively illiquid market, palladium likely will move quite quickly once signs of an economic recovery begin to appear. For those interested in this unusual opportunity, the prospectus is an informative read. Full Story:
ETF BASIC NEWS April 30, 2009 4:46pm

April ETF Performance Report

report-cardThe markets and exchange traded funds (ETFs) in April had their fair share of ups and downs, but in the end, it was a positive month for several sectors and the major indexes. The Dow Jones Industrial Average rose 7.3% for the month. The Nasdaq gained 12.7%, and the S&P 500 increased 9.4%. While there are some areas that are still struggling, a few sectors are also showing signs of improvement and crossing above their long-term trend lines (200-day moving average). This includes retail (up 20.9% in April), Taiwan (up 26.6%) and networking (up 29.7%). Full Story:
ETF BASIC NEWS April 30, 2009 4:22pm

The ETF Investing Toolbox: Top ETF Blogs, Newsletters and Tools by Miranda Marquit

etf-newsOne of the hottest investment trends is ETF investing. Exchange traded funds can be traded on the stock market like stocks, but they track index funds. ETFs bundle securities on an index, eschewing mutual funds. It is relatively easy to trade ETFs, and there are ETFs that track bond indexes, commodities and currencies. Because they track indexes, they are normally relatively low cost to trade since there are no load fees involved. ETFs can be incorporated into long-term investment portfolios, as well as used by day traders. If you are looking to learn more about ETFs, here are 50 blogs, newsletters and tools that can help you on your way. Full Story:
ETF BASIC NEWS April 30, 2009 4:11pm

Gold Miners Struggling with Costs, Gold Prices (NEM, ABX, GDX)

gold-minerLower prices for copper and gold hit Newmont Mining Corp. (NYSE:NEM) hard in the first quarter of 2009. Barrick Gold Corp. (NYSE: ABX) is also getting hit after its report, and all of this is acting to drag down even the Market Vectors Gold Miners ETF (NYSE: GDX). Compared with the same period a year ago, Newmont’s EPS was cut in half, from $0.80 to $0.40. Excluding items, Newmont’s EPS came in at $0.44, better than estimates of $0.42.  Newmont topped revenue expectations of $1.4 billion, reaching $1.552 billion in the quarter, which was down from $1.943 billion in the same period a year ago. The company sold 1.27 million ounces of gold in the quarter for $906/ounce. The outlook for 2009 is for total gold sales of 5,200-5,500 ounces of gold with cost applicable to sales of $400-$440/ounce. Full Story:
NYSE:GDX April 30, 2009 3:50pm

The Pillars of ETF Investing

ETF BASIC NEWS April 30, 2009 11:01am

ISE Offers Customers Free Ride on ETFs and Indexes

freeThe International Securities Exchange, in a preemptive move to protect its market share, will eliminate its customer fees for options on exchange-traded funds and indexes, starting tomorrow. The exchange is doing this to compete more aggressively for flow in an increasingly cutthroat trading environment. "We don't want to give customers a reason to look elsewhere," said Boris Ilyevsky, head of the ISE's options market. "We wanted to make sure we're competitive." Although the 18-cents-per-contract fee for these products is being scrapped, the ISE will continue to charge customers for trades in its own proprietary indexes. Nasdaq OMX PHLX and NYSE Amex Options do not charge customers for the vast majority of ETF options. However, the ISE and Chicago Board Options Exchange, for several years, have charged customers fees for most premium ETF and index products (except the QQQQ). All of these exchanges earn the bulk of their transaction fees from broker-dealers, firms and market makers. For the ISE, the decision to retire its customer fees for premium products was perhaps inevitable, given increasing customer interest in ETF options compared with single-stock options, against the backdrop of a fiercely competitive marketplace. "This was not an easy decision to make because ETFs are a large percentage of the pie of options volume," Ilyevsky said. "It's not a revenue-friendly move cutting our fees this way, but it was the right time. We're hoping to benefit in market share and increased trading activity." Full Story:
ETF BASIC NEWS April 30, 2009 10:36am

How to Find and Trade Overbought and Oversold ETFs

buy-sellInvesting Strategies industry news provided by Financial News USA. iShares Russell 2000 Index ETF - IWM: High 2-period RSI readings in the IWM in early January helped signal a short term reversal to the downside in this ETF. Anyone who has followed the research of Larry Connors & Cesar Alvarez knows how much we appreciate & rely on the 2-period RSI. We have gone so far as to suggest that it might be the best short term indicator available for traders, especially high probability mean reversion traders. How do we use the 2-period RSI to spot overbought and oversold conditions? When it comes to ETFs - as opposed to stocks - we use levels very close to the standard overbought and oversold levels used by most technical analysts: over 70 signifies overbought conditions and under 30 signifies oversold conditions. The key difference is in the shortness of the tracking period - two trading days - instead of the default 14 days. [Read the full article] Full Story:
ETF BASIC NEWS April 30, 2009 10:31am

Sell Oil, Buy Natural Gas

natural-gasI think the market is heading south for the summer, and I want to take advantage of it. We are already about two-thirds in cash in the main portfolio and about half cash in the income portfolio. These recommendations are based on my belief that it will be hard to make money in the market for the next few years, and taking some risks may be expedient. Our new long position is in natural gas. It may be a bit early, but I plan to accumulate a position over the next few months. Natural gas is at lows it hasn’t seen in many years. Spot natural gas at Henry Hub was going for $3.56/mcf [last week]. The historical average price for the last five years is around $7, and it was $13 as recently as July. At its current price, it’s selling at less than its average finding cost; so producers are shutting in capacity. That will eventually cause a rebound in prices. I expect them to make a nice move by December and be back in the $7 range within three years. We’ll use the United States Natural Gas Fund ETF (NYSE: UNG). It seeks to duplicate one for one the performance of natural gas prices in America by buying futures contracts. Full Story:
NYSE:UNG April 30, 2009 10:22am

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