All ETF Daily News Articles

Gold rises as Russia comments weigh on dollar (ETF: GLD)

gold-bullRussian President Dmitry Medvedev told a regional summit that the creation of new reserve currencies in addition to the dollar is needed to stabilize global finances. This comes on the heels of  Russian Finance Minister Alexei Kudrin who stated just yesterday that the dollar's status as the world's main reserve currency wasn't likely to change soon. Yesterday's news caused a dollar gain, today's comments By Medvedev is causing a dollar decline and a rise in gold and oil prices.
ETF BASIC NEWS June 16, 2009 11:03am

Rising Oil Prices Could Kill The Green Shoots (ETF: TBT, PST)

green-shoots"As the price of oil continues to climb, the prospects for recovery in the housing sector are falling.  For a variety of factors, an increase in the price of oil is a drag on housing prices. 
NYSE:PST June 16, 2009 11:02am

Claymore Files Exempt Relief Request For 3 New Active ETF’s

claymoreThe Claymore filing includes three named funds: Claymore Laffer Macro Economic Global Equity ETF The Claymore Laffer Macro Economic Global Equity ETF's investment objective is to provide long-term capital appreciation. The Fund is a Foreign Fund and an Equity Fund, which seeks to achieve its investment objective by investing, under normal market conditions, at least 80%
ETF BASIC NEWS June 16, 2009 10:44am

Utility ETF Offers Room To Rise (XLU)

utilitiesMatt Cavallaro from Forbes reports "The inflation trade is beginning to wrap its arms around equity prices for the second consecutive summer. Rising unemployment hasn't choked off the commodity rally yet, as blistering oil prices have more than doubled from their March lows around $30 a barrel to $73. 
NYSE:XLU June 16, 2009 10:31am

Investors Around The Globe Betting On The Yellow Metal (GLD,GDX)

goldKishori Krishnan from Gold Investing News reports that "An insurance company getting into gold? That’s right. America’s third largest life insurer, Northwestern Mutual Life Insurance which has been in existence for 152 years, has never in all those years bought gold. Until now."
ETF BASIC NEWS June 16, 2009 10:06am

ETF’s Explosive Growth Creates Share Shortfall (UNG)

short1The Wall Street Journal's Ian Salsbury explored a potential share shortfall in the U.S. Natural Gas Fund  ETF that could happen in just days. According to the report, the fund managers anticipated a shortfall back in March and filed for more shares at that time. The requested shares were not granted until May, and were not issued until after the fund had run out of available shares for two days.
ETF BASIC NEWS June 16, 2009 9:51am

Do Your Homework On Energy ETF’s (UNG)

ETF BASIC NEWS June 16, 2009 8:34am

A Cure For Cancer? Look At This Biotech ETF (XBI)

biotechTom Dyson from istockanalyst.com reports that "Since 1983, the biotech sector as a whole has seen four triple-digit rallies... and even one quadruple-digit rally. That's just for the whole sector. Some individual stocks went much higher. You see, investors love the promise of cancer cures and miracle drugs... so it's easy for them to justify piling onto a rally."
NYSE:XBI June 15, 2009 11:51am

VIX Climbs Past a Key Level, Signaling Trouble for Stocks (ETF: VXX, VXZ)

vix"The stock market's main fear gauge moved past a key level on Monday, indicating possible troubles ahead for the market. And one options player with deep pockets is making a big bet that volatility will increase sharply, making this a tumultuous summer.  The Chicago Board Options Exchange Volatility Index, or VIX, moved past 30, a mark it hasn't closed above since June 4. 
NYSE:VXX June 15, 2009 11:03am

The iShares Dow Jones U.S. Transportation Fund (IYT) Has Momentum

fedexIf you subscribe to the theory that the the market is in recovery mode, than the transportation index should experience improvement. Don Dion (TheStreet.com) finds that "Recent strength is showing up as improved momentum, and IYT's short-term momentum crossed into positive territory during the past week. 
ETF BASIC NEWS June 15, 2009 10:28am

Trading Currency Made Easy With ETF’s

currenciesDon Dion from TheStreet.com reports that, "One investment made easier by the ETF boom is currency. CurrencyShares was first to market with the CurrencyShares Euro Trust (FXE), and it has added a number of additional products. Recently, the CurrencyShares Russian Ruble ETF (XRU) was introduced."
ETF BASIC NEWS June 15, 2009 9:41am

ETFs may give mutual funds a run for the money

ETF BASIC NEWS June 15, 2009 9:09am

New ETFs Are Poor Man’s Hedge Fund

guyETF's give access to trading vehicles that were, in the past, out the reach of most retail investors. Hedge fund's are one example where their investors are primarily wealthy individuals and institutions. They typically have a great deal of funds to invest, and can weather significant portfolio downturns in their portfolio in their quest for higher returns. Hedge funds are riddled with fee's with most charging  "2 and 20", 2% of the fund's net asset value each year and a performance fee of 20% of the fund's profit.
ETF BASIC NEWS June 15, 2009 9:01am

Wall St set to drop as commodities retreat (ETF: XLE)

commoditiesEllis Mnyandu, writing for reuters, reports that, "Shares of energy, mining and other natural resource companies were likely to be among the top drags. Before the bell, the Select Sector SPDR Energy ETF (XLE) shed 1.7 percent in light volume. A decline on Wall Street would extend a global sell-off that tripped equity markets in Asia overnight and had European stocks falling about 2 percent, or more, as the appetite for riskier assets ebbed.
ETF BASIC NEWS June 15, 2009 8:23am

Betting On A Bounce: How To Play The Housing Sector With ETF’S

house-shoppingWill Swarts  from Smart Money reports that "It’s been over a year since the housing sector imploded. Yet, it's still at the epicenter of the current economic crisis. Many market watchers are pinning any chance of a broad recovery on housing pulling one off first, so the data emerging out of the sector is closely watched. 
ETF BASIC NEWS June 15, 2009 2:00am

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