IndexIQ, Canada Small Cap ETF AUM Crosses $100 Million
A reputed name in index based investment solutions with focus on liquidity, IndexIQ, now has more than $100 million worth assets under management of its IQ Canada Small Cap ETF (CNDA). This milestone was reached in less than 12 months after the fund was launched in March 2010. This ETF is the only fund providing [...]
Direxion Skirts SEC Hold to File 36 Funds
Planning for the future, Direxion has filed with the SEC to create 36 new funds. 34 of these will be bullish and bearish triple leveraged funds, all pending during the heat of a SEC review. Following the popularity of geographically centered ETFs, many of the new funds will be leveraged around a portfolio of stocks [...]
IndexIQ Thinks South Korea ETF is Smart
IndexIQ debuted on Monday a new small-cap South Korea ETF to tap into one of the strongest export driven economies. The IQ South Korea Small Cap ETF (SKOR: Quote, Profile, Advanced Chart, News) will allow investors direct access to South Korean stocks while highlighting the fastest growing small companies in the region. Following the end [...]
First Trust Files for Three Commodity and BICK Funds
First Trust has filed with the SEC to create three new funds – two commodities and one emerging market – that will seek to latch onto the growing market for the two asset classes. First Trust filed for the following three ETFs with the SEC: 1. First Trust BICK Index Fund 2. First Trust ISE [...]
Small ETFs Can Post Big Gains Too
A relatively unknown name in the exchange-traded fund industry, Asia Tigers Fund Inc. (GRR) is boasting hefty returns while the US markets continue to stagnate. The fund, which suffers from low volume and a relatively small market cap, continues to be a top performer, showing gains of 54% year to date. Managed by Blackstone Asia [...]
EEG Proves that You Can Never Judge an ETF by its Name
A freshly launched exchange-traded fund from Emerging Global Shares promised broad diversification amongst emerging markets, though the fund’s holdings show otherwise. The Emerging Global Shares’ Dow Jones Emerging Markets Titans Composite Index Fund (EEG: Quote, Profile, Advanced Chart, News) seeks to invest in a vast array of stocks, but its current picks are not necessarily [...]
Emerging Market ETFs Face Dramatic Change
Emerging market exchange-traded funds will soon experience a dramatic shift in the countries they invest. As of this year, South Korea, a staple in most emerging market ETFs, will be upgraded to a developed nation status and no longer qualifies for investment from emerging market-only funds. The Street reports that one particular fund, the iShares [...]
Barclays Lists New ETN Bringing Eight Asian Currencies Together
Barclays Bank has provided a diversified opportunity to invest in various currencies of the Asian region. According to the Mondo Visione article, Barclays has listed a new ETN on the NYSE Arca that gives access to eight different currencies within emerging markets of Asia. The new ETN, known as the Barclays GEMS Asia 8 ETN [...]
Barclays Expands in Asia with Newest iShares ETF
Barclays Global Investors has announced the launch of its newest iShares ETF to capture a broad and diversified piece of various Asian markets. Michael Latham, CEO of U.S. iShares at Barclays is quoted to say, “Since iShares launched the first pure mainland China ETF for U.S. investors in 2005, investors have continued to ask for [...]
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 [...]
