All ETF Daily News Articles

TDX Independence Files For New Family Of ETFs “X Funds”

etf-news7The asset management arm of TD Ameritrade has been quite active recently. And it appears to be ramping up for a bigger presence in the exchange-traded funds market. In a filing dated April 20, the company has amended past requests for new ETFs through its TDX Independence Funds group. Among the main changes is the creation of a new family of ETFs to be marketed and operated as the X Funds family. Earlier this month, TDX Independence Funds asked the Securities and Exchange Commission to make Amerivest Investment Management the investment adviser to its series of five target-date ETFs. The filing also made it clear that struggling XShares Advisors could be removed from the family in the future. (See story here.) A spokeswoman for TD Ameritrade declined to comment on Tuesday about action regarding any pending filings. The most recent document explains that X Funds is an open-end management investment company organized as a Maryland corporation. X Funds filed with the SEC a registration statement last October. But it hasn't been approved yet. "X Funds ... will offer a number of different series of funds with distinct investment strategies in an exchange-traded fund format," said the filing. It added that X Funds currently has two portfolios. Presumably, those two portfolios would be the first X Funds out of the gates. Those are:
  • The Nations Large Cap Enhanced Covered Call ETF. It's expected to be subadvised by Esposito Partners LLC, according to the filing.
  • The CRB-Research Global Energy Efficiency ETF.
Full Story:
ETF BASIC NEWS April 21, 2009 2:32pm

Exchange traded funds: the City’s best kept secret.

secret(UK ETF NEWS) If you believed the hype you would believe that exchange traded-funds (ETFs) had become the investment choice of private investors. But while overseas investors, particularly in the US, have embraced this cheap and flexible way of investing, private investors on these shores have been more reluctant to join in, accounting for fewer than 10pc of ETF trades. Deborah Fuhr, the head of ETF research at Barclays Global Investors, blames lack of remuneration for financial advisers for the difference. "In the US a decade ago, sales were low because advisers expected a rebate or commission, but that has changed. Once American advisers started using them they realised how useful they could be for their clients. Now 40pc of ETF trades in the US are made by private investors." Yet the British could be missing a trick because many professionals reckon EFTs add to an investor's armoury. Justin Urquhart-Stewart of Seven Investment Management said he could build a fully balanced and diversified portfolio using only ETFs. "They have great flexibility – and if they are good enough for Warren Buffett they should be enough for you or me." Adrian Lowcock of Bestinvest, the financial adviser, said: "We use ETFs as they are a cheap and effective way to track a market and can provide a core holding to a sector with other satellite holdings being used to add value to a portfolio." Full Story:
ETF BASIC NEWS April 21, 2009 12:21pm

Commodities a golden investment opportunity

australiaExchange-traded funds have emerged as a cost-effective and popular way to gain exposure, as they allow the purchase of specific commodities in small lots, without taking delivery. "Actual delivery, however, does take place by the fund, which means it's only available in more liquid markets such asgold, silver and oil," the ANZ's Pervan says. Apart from buying bars and coins, gold ETFs offer the most direct route and way to track the price of gold. While popular in the US and across Europe, Australia has only one gold ETF, launched by ETF Securities in 2003. The GOLD fund has about $700million invested, up from about $330 million six months earlier. The GOLD ETF trades like any other ASX-listed security, says Jonathan Morgan, business development manager at ASX Listed Managed Investments. It is bought or sold on the Australian Stock Exchange in the same way as shares, and posts several thousand trades a day. While other listed ETFs have market makers in place, a professional securities dealer who has an obligation to buy when there is an excess of sell orders and to sell when there is an excess of buy orders, such as the international ETF range and the newly listed metal ETCs, the GOLD ETF does not need one because it has a sufficient spread of shareholders. The advantages of an ETF are that they are cheap, there's no storage cost and they are easily exchangeable. They are good for retail investors because they do not require the investment of large sums of money. The minimum investment is one GOLD security, which costs about $150, representing one-tenth of an ounce of gold. The annual management fee is about 0.40 per cent, and as the security is bought in the same way as shares, normal brokerage fees still apply. Full Story:,28124,25347678-5001942,00.html
NYSE:GLD April 21, 2009 12:01pm

3 Ways To Stop Cannibalizing Your Portfolio

cannibalBy definition, cannibalizing describes an act where a person's attempt to improve a condition backfires against an existing situation. Not willingly, nevertheless very effectively, investors have been cannibalizing their own portfolios. Enticed by a multi-decade bull market, many investors tried to improve their portfolio's return. Based on the almighty wisdom of the risk/reward principle, we know that high returns and a high degree of safety cannot co-exist. Even though it has been thought that portfolios can be milked for extra return without giving up safety, deep down we know that one has to be sacrificed for the other. Many opted to cannibalize safety for higher returns and got neither. A quick glance at a chart reveals that the Dow Jones (NYSEArca: DIA - News), S&P 500 (NYSEArca: SPY - News), Nasdaq (Nasdaq: QQQQ - News) and many other indexes trade at levels not seen for well over a decade. When it comes to investing, time is money and the last decade has been a 'lost decade.' The 'lost decade' Lost, why? $100,000 invested in the S&P 500 from April 1989 to April 1999 would have mushroomed into $426,000. $100,000 invested in the S&P 500 from April 1999 to April 2009 would have shrunk to less than $6,500. $100,000 invested held from 1989 all the way to 2009 would be worth $284,000 today. This translates into a 20-year average annual return of 5.3% before taxes and inflation. Full Story:
ETF BASIC NEWS April 21, 2009 11:58am

Why ETFs Will Trounce Single-Stock Picking

exchange-traded-fundsWhile the exchange traded fund (ETF) market has shown considerable growth, some money managers are picking individual stocks once again. Is this the way things are going to be now? Geoffrey Rogow for The Wall Street Journal reports that ETFs accounted for 40% of the total U.S. equities market in late October, and now the volume is around 35%. Is this the sign that single stock risk tolerance is back? Institutional investors may be ready to rely less on ETFs and more upon single stocks as hedges, and excess cash is no longer an issue. While the diversification benefits are many, there are ways to access the best companies without holding the not-so-great performers either. Full Story:
ETF BASIC NEWS April 21, 2009 11:49am

Falling Behind: The Price Of Not Using Leverage

leverageIf you're not using a leveraged or inverse fund these days, your chances of owning a top-performing ETF is greatly reduced. On the other hand, if you do own a leveraged or inverse ETF, that doesn't guarantee a winning hand. In fact, it might ensure just the opposite. With leverage, if your ETFs haven't made any of the "best" lists lately, chances are you're going to wind up a big-time loser. In the world of highly charged ETFs that provide 200% or even 300% leverage of their underlying indexes, few performance numbers fall in between the cracks. It's an all-or-nothing game. For example, if you'd bought the Rydex Inverse 2x S&P 500 ETF (NYSE: RSW) one year ago today, you would've gained more than 40% by now. If you'd bought the ProShares Ultra S&P 500 ETF (NYSE: SSO) in that same period, you would've lost 60%-plus. The only real pattern showing up since the onslaught of leveraged and inverse ETFs on the market is that leaders will more likely than not come from one of those two categories. Whether it's one or the other is dependent, of course, on the particular cycle at the time. So how can you hope to own a real ETF winner without juicing up your portfolio these days? It's easier than you think. And best of all, you really don't need 2x or 3x ability to be a top performer. In fact, it's probably counterproductive for most long-term investors to own a leveraged ETF. Full Story:
NYSE:RSW April 21, 2009 11:06am

Try Putting Your Bad Trades On The Couch

couchETF providers entice investors to new offerings with gain-enhancing features like "risk exposure," "retirement solutions" and "investment strategies." The list goes on. But regardless of what you buy or what happens in the market, the outcome ultimately depends on what's happening in your brain, says Janice Dorn, a financial psychiatrist and gold futures trader. Dorn has mentored or coached more than 600 investors/traders. She counsels that you must master yourself in order to master ETFs. IBD: What proportion of your clients specialized in trading ETFs? And what were their most common problems? Dorn: At least 40% of the traders I have mentored or coached trade ETFs and, of these, approximately 30% specialize or want to specialize in ETFs. The chief complaint of most traders is that they are unable to make or keep enough money. They are failing, depressed, anxious and stressed. Their challenges manifest in several ways including: inability to take a trade, not cutting losses, taking profits too quickly, not adhering to stops, having no real concept of risk or risk management, and overtrading. Full Story:
ETF BASIC NEWS April 21, 2009 11:00am

Platinum Falls as Carmaker Demand May Weaken; Palladium Steady

platinum3April 21 (Bloomberg) -- Platinum fell to a two-week low in New York on speculation that automakers, the biggest users of the metal, may buy less as car sales decline. Palladium was little changed. U.K. auto sales show no sign of a recovery, the country’s main industry group said. Registrations fell 31 percent last month and “it’s not looking any better in April,” Paul Everitt, head of the Society of Motor Manufacturers & Traders, said in an interview. U.S. auto sales tumbled 37 percent in March. Most platinum and palladium is used in car parts. “The fundamentals still remain weak overall from the auto sector,” Miguel Perez-Santalla, a sales vice president at Heraeus Precious Metals Management in New York, said in an e- mailed note. Platinum futures for July delivery fell $11.10, or 1 percent, to $1,156 an ounce at 10:20 a.m. on the New York Mercantile Exchange. Earlier, the price touched $1,153, the lowest for a most-active contract since April 7. Before today, the platinum dropped 44 percent in the past 12 months.   Full Story:
ETF BASIC NEWS April 21, 2009 10:50am

Gryphon Financial Introduces The ETF Express Bulletin as Part of Investment Newsletter

etf-news7New York, NY (PRWEB) April 21, 2009 -- Gryphon Financial introduces Exchange Traded Funds, or ETFs, to their subscribers via The ETF Express Bulletin investment newsletter. ETFs, a collection of securities that track specific market indexes and cost very little, are the fastest growing investment tool in the United States today! "Mutual funds are so yesterday," says Michael Warren, trader and founder of "Prominent investors believe ETFs are the new way to go." "ETFs cover such a broad spectrum. One bad apple doesn't spoil the whole bunch. When you trade a basket filled with stocks, wouldn't it be better using a longer time frame opposed to a shorter one?" asks John Gage, trader and investment guru for Gryphon Financial. "Short-term time history will show you how much smoother the price movement is with a lot less noise," Gage explains. Owning a basket of securities is more comfortable and beneficial than owning just a few individual stocks. Usually ETFs can be purchased with stops and limit orders and are available for margin buying. Want to avoid trading catastrophes? ETFs are automatic diversified equities that minimize risk! "Investors are similar to carpenters; they need the right tools to get the job done. I myself have over a dozen different techniques that I have carefully tested under different market conditions," says Warren, whose stock tips have earned Gryphon Financial subscribers great returns on their investments. Obviously, ETFs have to come at some cost, but in comparison to similar products, ETFs cost less. Cheaper to manage since, unlike mutual funds, they don't not have back-end expenses, ETFs enable investors to trade specific sectors, while paying one commission for an entire group of stocks within one industry. Full Story:
ETF BASIC NEWS April 21, 2009 10:44am

Deals Offer Bright Spots But Financials Tank

down-arrow2 ETF DAILY NEWS TAKE:  Stocks gave up big gains a day after ETF Daily News posted The Bear ETF’S Are Getting Ready For “Sell In May And Go Away”!  The big winners today were the bears, but will the blood in the street continue to put the bulls away for the summer?
After six strong weeks, stocks had a very difficult day. As we've said previously, a decent-sized pullback after such a big run-up seemed likely. How the market responds the next few days will be important in setting the near-term trend as we hit the busiest part of earnings season. There will be a lot of company data and projections to chew on over the next two weeks, but that will just be an appetizer to what the government has to say about its bank stress test on May 4th. Stocks plunged to start the week. The Dow fell -290 points to 7,842, while the S&P dropped -37 points to 832. The Nasdaq, meanwhile, lost -65 points to 1,608. Oil nosedived -$4.45 to $45.88 a barrel, while gold climbed $19.60 to $887.50 an ounce. The Leveraged ETFs was the top performing tickerspy Index on the day, led by Direxion Shares Etf Trust Financial Bear 3x (NYSE: FAZ - News) with a 31% gain. Full Story:
NYSE:FAZ April 20, 2009 4:29pm

Schwab To Enter ETF Arena

chuckOne of the world’s biggest financial services firms has decided to throw its hat into the ETF marketplace. On Jan. 30, Charles Schwab & Co. (NASDAQ: SCHW) filed with the Securities and Exchange Commission for exemptive relief that would allow it to create ETFs. The fund described in the filing would track the Dow Jones U.S. Total Stock Market Index, which according to the filing, covers all publicly traded U.S. stocks with readily available pricing information. The Schwab filing makes reference to other possible index-tracking ETFs, but only specifically names the one fund. Full Story:
ETF BASIC NEWS April 20, 2009 1:52pm

ETFs with Surge in Traded Value

waveHere is a list of the top-10 ETFs that experienced the largest percentage increase in value traded for the week ending April 17, 2009. To create the list, I first screened for ETFs and ETNs that had an Average Daily Value Traded (ADVT) of at least $1 million for the past 21 market days.  This includes only those products in the upper ETF Liquidity Tiers and represents approximately 45% of the universe of US-listed ETFs and ETNs.  This step eliminates many of the peculiarities associated with low volume securities. Next, I compared the ADVT of the past week to the 50-day average to determine which ones had the largest spike in the past week - an indication of potential increased interest from investors and traders. Full Story:
ETF BASIC NEWS April 20, 2009 12:29pm

London Stock Exchange Tops 200 ETFS

bigbenThe London Stock Exchange today admitted seven new iShares ETFs, taking the total number of ETFs on the Exchange to 200. First launched in 2000, the ETF market in London has continued its strong expansion in spite of difficult recent market conditions, with 18 new admissions and £12.2 billion worth of trading so far this year.


Pietro Poletto, Head of ETF and ETC Markets at London Stock Exchange Group, said:


“It is testament to the attractiveness of the ETF model that at time when equity markets are perceived as being quiet, the ETF market has continued to expand, with very strong trading activity, and regular new product issuance.”


The issuers on the Exchange’s ETF market are: Deutsche Bank, ETF Securities, Invesco Powershares, iShares and Lyxor. Between them, they issue 78 ETFs based on developed market equity indices; 21 fixed income based ETFs; 41 ETFs tracking emerging markets indices; 53 ETFs covering a broad range of industrial sectors or specific asset classes such as property, private equity or commodities, and seven ‘style’ ETFs that focus on specific investment approaches such as small caps or companies with a record of strong dividend payments. In addition, there are now 123 Exchange Traded Commodities and one Exchange Traded Note


Full Story:

ETF BASIC NEWS April 20, 2009 12:27pm

The Global Consumer Will Rise Again

car1Each day we hear about how consumers world-wide are tightening their belts and spending less. Even the rich have pulled back, not a surprise considering, according to the Economist, high-net-worth individuals have lost a quarter of their wealth. Consumer confidence, which we charted a few weeks back has improved but is still historically bleak. Yet, provided that government doesn’t completely kill capitalism outright, this pullback in shopping won’t always be the case. For contrarian investors looking for a diversified way of playing the global consumer, a lesser-known ETF has collected many of the top names into one simple play. SPDR S&P International Consumer Discretionary Sector ETF (IPD: 18.37, -0.78, -4.07%) holds, as you might imagine, brand-name companies whose products you probably come into contact with every day. Approximately 20% of the fund is held in automotive stocks, and even though General Motors (GM: 1.69*, -0.17, -9.13%) and Chrysler might be going away, the car business certainly isn’t. Honda (HMC: 28.00*, -0.50, -1.75%) (4.15%) and Toyota (TM: 75.76*, -1.38, -1.78%) (10.03%) are large holdings, along with Germany’s Volkswagen Ag (VLKAY) (3.14%) and Daimler Ag (DAI: 31.74*, -2.92, -8.42%) (3.01%). These are companies likely to gain even more market share as U.S. manufacturers shrink. You might recall from an earlier column that even the president’s own Auto Task Force drives mostly foreign cars. Full Story:
ETF BASIC NEWS April 20, 2009 12:13pm

Big Spill in USO Options

stocks_plungeThe US Oil Fund (USO) is down more than 7%  today to trade at $27.37. The drop mirrors the fall in the commodity itself, but while the actual futures remain within the recent range, the USO exchange traded fund is now down to its lowest levels since March 16. The futures are 45% off the February low, while the USO is only 20% higher than its low. Full Story:
NYSE:USO April 20, 2009 11:37am

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