Health Care

Direxion Funds, one of the leading issuers of leveraged ETFs, has chosen BNY Mellon to provide ETF services for its nine most recently launched ETFs. Eight of the nine new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Agribusiness, Russian, Materials and Healthcare industries. The final [...]

Direxion Funds, one of the leading issuers of leveraged ETFs, has expanded its lineup with the launch of five new funds. Four of the five new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Materials and Healthcare industries, which are both said to be currently trading [...]

BlackRock, the ETF provider of the popular iShares brand, has just launched nine international sector ETFs that provide exposure to both developed and emerging markets. The new ETFs will trade on the NYSE Arca. The unique funds will track their respective MSCI All Country World ex USA sector index and carry a 0.48% expense ratio, [...]

Blackrock’s iShares has announced the launch of three new exchange-traded funds catering to specific geographic regions. Its newest funds center on Ireland, Indonesia and the United States. The three new funds are as follows: 1. iShares MSCI Ireland Capped Investable Market Index Fund (EIRL: Quote) 2. iShares MSCI Indonesia Investable Market Index Fund (EIDO: Quote) [...]

Rydex will close 12 of its leverage exchange-traded funds, saying farewell to an industry largely locked down by larger issuers Direxion and ProShares. The closures follow its acquisition by Guggenheim Capital. The twelve funds to be closed are: 1. Rydex 2X Russell 2000 (RRY) 2. Rydex Inverse 2X Russell 2000 (RMM) 3. Rydex 2X S&P [...]

While other sponsors are busy tending to a growth in fixed income ETFs, PowerShares is carving out a niche of its own in small cap funds. The issuer launched nine funds on Wednesday. The funds and their respective ticker symbols are as follows: 1. PowerShares S&P SmallCap Consumer Discretionary Portfolio (XLYS: Quote, Profile, Advanced Chart, [...]

After a special Sunday vote on health care reform in the House, health care ETFs look strong, posting early gains ahead of a bill that will add 30 million customers to their client list. Although health care has been stagnating through 2010, new legislation could improve profits at the nation’s largest health care providers. Year-to-date, [...]

WisdomTree has announced it will close 10 exchange-traded funds, which have been unable to garner significant volume from investors. The 10 funds announced for closure currently contain less than $180 million in assets. The WisdomTree funds slated for closure are: -WisdomTree International Financial Sector Fund (DRF) -WisdomTree International Health Care Sector Fund (DBR) -WisdomTree International [...]

PowerShares has filed to create 10 new small cap ETFs to take advantage of extreme investor demand for niche industry ETFs. Small cap stock funds have been in heavy demand, with investors betting small names will outperform larger companies in a year of recovery. The ten new proposed funds are as follows: 1. PowerShares S&P [...]

Healthcare ETFs have ridden the rollercoaster of US Senate legislation, ticking red and green depending upon the conditions on the Senate floor. Since Obama’s election into the Oval Office, the most active healthcare ETFs have better tracked legislation than their own industries, as line-by-line changes in legislation prompted volatile swings in the industry. The trend, [...]