All ETF Daily News Articles

What Happens When An ETF Closes

closedBob Pisani, from CNBC, spoke on this topic in a recent segment called "ETF-101." Bob states that your investment is safe although there is a process in the dissolution of the fund. Following the closing announcement, the ETF trades for about a month. After that period, the ETF closes and all trading stops. At that point the fund company has a few weeks to liquidate
ETF BASIC NEWS June 25, 2009 9:47am

ProShares Files For UltraPro and UltraPro Short 3X Leverage Of S&P 500 ETF’s (ETF: UPRO, SPXU)

breakingnews ProShares filed to launch an exchange-traded fund seeking to provide 300% of the daily returns of the S&P 500. Proshares also requested approval from the SEC for a new ETF that would give investors 300% short exposure of the index. The Funds are to trade as follows: ProShares UltraPro S&P500 Ticker: UPRO, ProShares UltraPro Short S&P500 Ticker: SPXU.
ETF BASIC NEWS June 24, 2009 3:39pm

The Boston Options Exchange “BOX” Will Allow FREE Trading On 3 ETF’S (SPY, QQQQ, IWM)

free-tradingThe Boston Options Exchange "BOX" will eliminate trading fees for three exchange traded funds "ETF's".  They will eliminate the fees on three ETF's in hopes to gain business in options trading for these funds.  The three ETF's are SPDR Trust Series (SPY), the PowerShares QQQ Trust (QQQQ) and the iShares Russell 2000 Index Fund (IWM).
NASDAQ:QQQQ June 24, 2009 11:55am

New Investment Indices Will Track Companies Adapting to Low-Carbon Economy

treehuggerAre you an environmentally minded investor? According to Robert Kropp, writing for socialfunds.com, a family of indices will be launched by Markit, "a financial information services company, and the Carbon Disclosure Project (CDP). Based on data gathered by the CDP for its annual Carbon Disclosure Leadership Index (CDLI), the indices are designed to help investors gain exposure to companies whose greenhouse gas (GHG) emissions and climate change strategies help them actively manage the impact of their business operations on the environment
ETF BASIC NEWS June 24, 2009 11:27am

Better Opportunities Lie Ahead To Get Into The Gold ETF (GLD)

opportunityGold known for the safe investment as a hedge against inflation, may have gotten ahead of itself.  Smart money has already exited the yellow metal and is waiting for a pullback.  Better opportunities will lie ahead to revisit the investment.  You can also  play both sides of the trade with ETF's.  ETF's offer a bull/bear trade for the metal.
ETF BASIC NEWS June 24, 2009 11:04am

New Device Slows Heart Failure in Study (ETF: IHI, IYH)

defibA new two in one defibrulator tool for synchronizing heart contractions slowed the progression of heart failure when implanted in patients with few or no symptoms, according to a study that could expand use of the devices. The devices reduced deaths and medical treatments for heart failure by 29 percent compared with standard defibrillators, Boston Scientific, said yesterday in a statement.
ETF BASIC NEWS June 24, 2009 11:02am

Get Heavy Apple Exposure With These ETF’s (QLD, IYW, QQQQ)

apple-computerWith Steve Jobs back in the office after his liver transplant, Apple investors have something to cheer about again.   The PDA market continues to grow and the Apple iPhone continues to dominate and make headlines in that market.  If you like Apple but don't want to put all your eggs in one basket, we have some tech heavy ETF's that have great Apple exposure. 
ETF BASIC NEWS June 24, 2009 10:17am

S&P 500 To Hit 1000 This Summer? (ETF: SPY, SSO)

kevincookKevin Cook, from Peak 6 Investments, gave an interview to CNBC this morning weighing in on what he thought the market's reaction will be to the FED statement today. He states that, "Ben (Bernanke) and company better give a nod to inflation expectations, so that we know that they're at least looking ahead."  Kevin then goes into where he feels the market is heading. He feels that  there are allot of buyers for the S&P 500 at the 880-850 level and feels that we will see a high of 950 this July, and a high of 1000 for
ETF BASIC NEWS June 24, 2009 8:38am

The Popular Leveraged ETF Goes Global (Europe)

europeLeveraged ETF's are a growing phenomenon that investors can't seem get enough of.  There are many critics of these investing tools, as some investors use them as a gambling vehicle or don't know what they are investing in.  The gain in popularity of leveraged ETF's has now sent them global.  Europe has launched the first leveraged funds to follow their indexes. 
ETF BASIC NEWS June 23, 2009 3:21pm

P&A Group Launches Marketing Campaign Focusing on the Fee Based Advisor Retirement Channel

BUFFALO, N.Y., June 23 /PRNewswire/ -- P&A Retirement Plan Services is expanding its open architecture product matrix to focus on the fee based advisor channel. They have partnered with the CIF Marketplace to supplement their traditional mutual fund and ETF product base with a limited selection of both core and managed collective investment funds ("CIFs"). FULL STORY
ETF BASIC NEWS June 23, 2009 2:50pm

Medical Devices: A Closer Look

With all the chatter about health care reform coming out of Washington, now may be a great time to consider health care-related investments.   Most investors look to big pharmaceutical companies for health care exposure.  That was the old way of profiting from the medical arena.  While these stocks are usually considered blue chips, they face a toxic combination of competition from generic drug makers and their own empty new-drug pipelines.  Think about it: When was the last time Merck (MRK) or Pfizer (PFE) released a true blockbuster drug?  Answer: It’s been a while. FULL STORY
ETF BASIC NEWS June 23, 2009 2:49pm

U.S. Treasury Bond TLT ETF Continues to Climb

The iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) continue to act well, suggesting equity traders might be getting increasingly afraid of something... and need to buy some safety.  Although existing home sales are showing some sign of life now, Mr. (Bond) Market does not seem to care.  The TLTs continue to climb off of last Friday’s pullback low at 90.11 and appear headed for a confrontation with the Dec ’08-present resistance line, now at 94.20.  A close above 94.20 will be a very bullish technical event near-term and will project the TLT to 96.60 next. FULL STORY
ETF BASIC NEWS June 23, 2009 2:48pm

Gold, Silver Rise as Sliding Dollar Revives Investment Demand

June 23 (Bloomberg) -- Gold rose as a weaker dollar revived demand for the precious metal as an alternative investment. Silver also gained. The U.S. Dollar Index, a six-currency gauge of the greenback’s value, fell as much as 1.3 percent after yesterday rising the most in a week. Gold, which earlier slid to the lowest in six weeks, typically moves inversely to the dollar. FULL STORY
ETF BASIC NEWS June 23, 2009 2:47pm

More Reverse Splits, or Just Closure, Possible or Needed in ETFs (FAS, FAZ, UYG, BAC, BHH, ARBA, IIH, AKAM, VRSN, UNG, USO, GLD, SDS, SPY, NYX, NDAQ)

We have been large fans of exchange-traded funds, exchange-traded notes, and other exchange-traded instruments which are open for trade throughout the day that are allowed to be invested in just like a stock.  But with all new and growing markets, there are risks that need to be kept in check.  There are some leveraged ETF’s and their inverse counterparts which might need to see reverse share splits in the near future.  The notion of so many low-priced shares being so active may wreak havoc as the funds managing each ETF try to keep up with appropriate derivatives and in buying and selling shares of the components that are supposed to be the underlying securities.  There are even a few ETF’s which should probably just be closed down entirely and liquidated to holders.  Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and The Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are both prime examples of ETFs which skew total daily exchange trading volume numbers because of low share prices today and massive trading volume.  This is not meant to pick on the fund groups because they created trading vehicles which they did not expect to see some of these moves.  There are many more ETFs and ETNs to consider here. FULL STORY
ETF BASIC NEWS June 23, 2009 2:45pm

Brazil real shows signs of revival: Ashish Advani

FLORIDA: Major signs of recovery are visible for specific exotic currencies including the Brazilian Real, according to World Currency Watch editor, Ashish Advani. The Central Bank of Brazil (BACEN) just reported net FX flows into Brazil through June 12. In the first half of June, commercial surplus was driving the net FX flows. That surplus amounted to $866 million, which was four times larger than the net financial outflow right now (or $205 million). FULL STORY
ETF BASIC NEWS June 23, 2009 2:44pm

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