Small-Cap Oil ETF Ready for Launch
A new oil tracking ETF is about to slide onto the scene. The fund, known as IQ Global Oil Small Cap ETF (ticker: IOIL), will track smaller oil companies in more than ten countries around the world. The U.S. will carry the biggest weight with nearly half of the companies while Canada and Thailand round [...]
Top 10 ETF List — a Latin American Surprise
Precious metals based ETFs provided good returns in 2010 along with other funds that invest in countries like Peru and Colombia. The iShares MSCI Peru ETF (EPU) and the Global X/InterBolsa FTSE Colombia ETF (GXG) invested in these two raw material rich growing economies and offered returns in excess of 52% and 57% respectively. The [...]
Andean Region ETF – Global X FTSE Andean 40
Global X Funds has launched the first ETF to focus on the Andean region – the Global X FTSE Andean 40 ETF. The ETF tracks an index composed of 40 biggest corporate organizations in South American countries Chile, Colombia and Peru. The top 10 companies make up more than 50% of the entire holdings of [...]
iShares Contemplates South American Franchise
Already a power-player in the U.S. ETF industry, iShares is seeking to expand its operations throughout South America. The expansion would allow iShares to expand its presence in foreign stock exchanges, while bringing ETFs back to the U.S. through ADRs. Much of the expansion is riding on the success of iShares’ new Chilean ETF, which [...]
Launch of New ETF Provides Access to Colombian Market
The Colombian market has never been more accessible to U.S. investors. Global X Management Company, along with leading Colombian broker InterBolsa S.A. Comisionista de Bolsa, has just released a new ETF on the NYSE Arca that provides a convenient way to capture the country-specific performance. PRNewswire identifies the new fund as Global X/InterBolsa FTSE Colombia [...]
New Frontier Market ETF from Claymore Has Expanded to 17 Countries
On June 12, 2008, Claymore Securities and The Bank of New York Mellon pioneered the only U.S.-listed frontier market ETF, known as Claymore/BNY Mellon Frontier Markets ETF (FRN). Two weeks after the launch of FRN, Claymore has announced a change to the underlying index meant to rebalance the markets. As a result of the change, [...]
MSCI To Make Country Market Reclassifications within the Year
By June of 2009, a handful of countries could have a new MSCI market classification. MSCI Barra has begun discussions on the potential upgrade of South Korea and Israel. Polya Lesova of Market Watch writes that the two countries, currently listed as emerging markets, may be raised to developed market status. South Korea’s currency convertibility [...]
