World Cup Could Tip Over Platinum Supply
The World Cup trophy isn’t made of platinum, but gold. However, the World Cup games are still expected to crimp the flowing supply of platinum. The World Cup, which will be held in South Africa, is expected to drain the country of much of its electrical power supply. South African mining operations, which produce much [...]
WisdomTree Grows Two New American Dollar ETFs
WisdomTree has filed with the SEC to create two new funds that track the change of the American dollar against a basket of world currencies. The new funds will compete with PowerShares US DB Dollar ETF (UUP: Quote, Profile, Advanced Chart, News), which has attracted more than $3 billion from investors. The WisdomTree Rising Dollar [...]
Emerging Global Advisors Introduces a Diversified Emerging Market ETF
Capitalizing upon the current popularity of emerging ETFs, Emerging Global Advisors has launched its second exchange-traded fund of 2009. The new fund, named Emerging Global Shares Dow Jones Emerging Markets Titans Composite Index Fund (EEG: Quote, Profile, Advanced Chart, News), seeks to track the Dow Jones Titan Index, but with several amendments to the original [...]
Government Intervention Rekindles Currency ETF Carry Trade
An active central bank in the United States is keeping interest rates so low that traders are now re-entering carry trade positions to profit from the difference in bid and ask interest rates at foreign banks. As rates continue to fall in the United States, carry trade investments in other foreign currencies will only grow [...]
NASDAQ Grants First Options on Actively-Managed ETFs
The very first options on actively-managed ETFs were released today, as WisdomTree and the NASDAQ OMX Group have reached an agreement to allow WisdomTree’s actively managed currency funds to start listing options on the exchange. WisdomTree’s funds will be the first actively managed funds to give investors access to options, opening the door for option [...]
Six NETS Brand ETFs Moving to NYSE Euronext with the Merger
With the American Stock Exchange (AMEX) completing its merge with the NYSE Euronext, Northern Trust Global Investments (NTGI) will be transferring six of its NETS brand ETFs to the new united exchange. PRNewswire identifies the six ETFs that had been trading on the AMEX and will be making the move. These ETFs are: NETS FTSE [...]
July Proved Encouraging for a Handful of Foreign Currency ETFs
The countries of South Africa, Brazil, and Mexico have each experienced an increase in its currency ETF over the month of July. Other foreign currencies have shown year-to-date strength against the U.S. dollar. In an article from Investor’s Business Daily, Jesse Emspak writes that South Africa’s currency ETF had the strongest performance with an increase [...]
Palladium Metal’s Holdings Jumped Double-Digits Over the Month
Zurich’s Cantonal Bank saw its palladium ETF (ZPLA) grow significantly over the past month. Since June 17, 2008, Reuters reports that the metal has jumped 17% to 418,000 ounces. The metal has benefited from a couple international supply factors. Reuters points out that Russian supply of palladium is nearly depleted. In addition, South Africa is [...]
Nigeria and Financials are the Focus of Africa’s Newest ETF
South Africa has been considered the prominent way to invest in the African market; however, a new country has taken the top spot in the latest ETF. TheStreet.com has broken down the components of Market Vectors Africa Index ETF (AFK) and explains that Nigeria and Financials are weighted the heaviest for country and sector, respectively. [...]
Leading ETF Issuer to Split Shares on Fifteen iShare ETFs
As the leading issuer of exchange-traded funds, Barclays Global Investors has announced the split of shares on fifteen different iShares ETFs. The process of adjusting the shares will be completed by the close of trading on July 23, 2008, and iStockAnalyst reports that the split-adjusted share totals will be open for trading July 24, 2008 [...]
