All ETF Daily News Articles

Reprieve for markets, little gain for economy

STOCK markets across the world took a breather last week and ended down on concerns that any impact from quantitative easing had not really benefited the real economy. FULL STORY
ETF BASIC NEWS June 23, 2009 8:17am

Metals fall on risk reduction, seen vulnerable short−term

London, 23 June 2009 - Gold broke out of its recent range yesterday as commodities traded lower after the World Bank forecast a deeper recession this year, triggering a rout in commodities and equities and pushing volatility levels sharply higher. The World Bank downwardly revising its global GDP forecast from -1.7% to -2.9%. The CRB and GSC Indexes finishing down 2.6% & 3.1% respectively. NYMEX crude futures for August closed down $2.52 or 3.6%, settling at $70.02/barrel. FULL STORY
ETF BASIC NEWS June 23, 2009 8:16am

iShares Appoints BDO

iShares has hired Julian Hince as its business development officer (BDO) for the IFA sector, Financial Times reports. He will develop the ETF provider’s position within the intermediary market, in accordance with a growing interest from IFAs on how to incorporate ETFs into an investment portfolio. FULL STORY
ETF BASIC NEWS June 23, 2009 8:14am

Why you should invest in Energy ETFs

When oil prices moved over $30 a barrel in the mid 1980s, it was considered a significant event. It also signaled the birth of small ethanol companies in the Midwest. Many of them managed to hang around long enough to get a second wind when Iraq’s invasion of Kuwait and the ensuing Gulf War pushed oil prices pushed past $40. FULL STORY
ETF BASIC NEWS June 23, 2009 8:13am

Brazil and Its ETF Are Making All the Right Moves

Brazil is a leading nation in South America and has quickly risen to become a model of fiscal discipline, giving strength to their markets and related ETFs. What can we learn from them? FULL STORY
ETF BASIC NEWS June 23, 2009 8:12am

DBC Updated Again

This ETF was noted at the end of a typically cautionary post in late May as being a vehicle that one might take a look at for some end of rally upside. Recall I had no personal interest however, as I was more focused on preserving gains than adding to them in a high risk enviro. FULL STORY
ETF BASIC NEWS June 23, 2009 8:10am

Emerging Market Infrastructure ETFs Face Off

iShares added yet another ETF to its market-leading family of funds on Friday, launching the S&P Emerging Markets Infrastructure Index Fund (EMIF). EMIF will compete with PowerShares' Emerging Markets Infrastructure Portfolio (PXR), an ETF that began trading in October 2008 and has grown to a market capitalization of more than $46 million. FULL STORY
ETF BASIC NEWS June 22, 2009 9:00pm

A Reverse Stock Split in ETFs, More Likely To Come (MWN, FAS, FAZ)

Direxion issued a press release noting that it was conducting a one-for-two reverse stock split on for its triple-leverage ETF called the Direxion Daily Mid Cap Bear 3X Shares (NYSE: MWN).  We have actually been waiting for the exact same news, albeit on a larger reverse split scale, on the financial triple-leverage ETF’s and ETN’s.  We feel this needs to occur on the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and in the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ).  These other two ETF’s track the Russell 1000 Financial Services Index with triple leverage, but they are much more volatile because of the derivatives and because there are too many variations in the NAV versus the actual share price at certain times of the day.  The low share prices also allow even the smallest of fast money traders to get in and out with too little skin in the game. FULL STORY
ETF BASIC NEWS June 22, 2009 8:58pm

Could Investors Be Wrong (Again) About Treasure Bond (TLT)?

Over the last 20 years, inflation has come down because many of the items we buy, such as big screen LCD TVs, have got cheaper as a result of technological innovation and the relocation of production to low-wage countries. FULL STORY
ETF BASIC NEWS June 22, 2009 8:54pm

BMO ETF line-up set to expand

The exchange-traded fund market has huge growth potential in Canada, and product offerings are set to evolve continuously as investor demands change, according to Rajiv Silgardo, the head of BMO Financial Group’s new ETF unit. In early June, BMO became the first Canadian bank to offer ETFs, with the launch of four funds: BMO Canadian Government Bond Index ETF, BMO Dow Jones Canada Titans 60 Index ETF, BMO US Equity Index ETF and BMO Dow Jones Diamonds Index ETF. FULL STORY
ETF BASIC NEWS June 22, 2009 8:53pm

Housing To The Rescue

Can housing turn the market around after Monday’s steep slide? Existing home sales for May are due tomorrow morning after trading begins. Economists expect an increase to 4.82 million sales from 4.68 million in April. That would be a 3% increase, slightly higher than last month’s 2.9% jump. FULL STORY
ETF BASIC NEWS June 22, 2009 8:50pm

Is Gold A Buy Or Is It ‘Toppy’ ?

A few weeks ago the gold rush was back on. Inflation fears were rising. Yields on treasury bonds were rising. Gold was making another run at $1,000. Leading the headlines though and sparking the most interest was hedge fund manager John Paulson and his big bets on gold and gold stocks. FULL STORY
ETF BASIC NEWS June 22, 2009 8:48pm

Gold Falls as Inflation Concerns Wane on Deepening Global Slump

June 22 (Bloomberg) -- Gold prices slid to a five-week low after the World Bank forecast a deeper contraction in the global economy this year, curbing the appeal of the metal as a hedge against inflation. Silver also dropped. FULL STORY
ETF BASIC NEWS June 22, 2009 8:46pm

TSC Ratings’ Updates: Alberto-Culver

We've upgraded Alberto-Culver(ACV Quote) from hold to buy, driven by its largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. FULL STORY
ETF BASIC NEWS June 22, 2009 8:45pm

In Peru, iShares Wins First-To-Market Status

With a global start-up preparing to launch the first exchange-traded fund focused on Peru in coming weeks, industry giant Barclays Global Investors has sneaked to the finish line. On Monday, the soon-to-be BlackRock Global Investors opened the iShares MSCI All Peru Capped Index (NYSE Arca: EPU). It follows an earlier announcement by fledgling Global X Management Co. of a similar ETF. But that fund hasn't come out yet, although it's expected to launch soon. FULL STORY
ETF BASIC NEWS June 22, 2009 8:40pm

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