Global X Digs Deep with Miners ETFs
Having been a leader in international funds, Global X is extending its portfolio to commodity funds. On Wednesday, the firm launched two funds: the Global X Silver Miners ETF (SIL: Quote, Profile, Advanced Chart, News) and Global X Copper Miners ETF (COPX: Quote, Profile, Advanced Chart, News). The silver ETF from Global X is the [...]
Global X Ups the Ante in Metal Funds
Tapping into the current investment trends, Global X thinks there is room for a few more precious metal funds. The company has filed with the SEC to create four new funds, which will track companies involved in silver, gold, platinum and copper mining. The four new funds are: 1. Global X Copper Miners ETF 2. [...]
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 [...]
Silver ETFs Sparkle on Industrial Demand
Although silver may not be a purely inflationary play like its golden cousin, a combination of looming inflation threats and a strengthening industrial sector are raising silver’s prospects. Industrial demand for silver has picked up, helping silver ETF iShares Silver Trust Exchange Traded Fund (SLV: Quote, Profile, Advanced Chart, News) tack on 26% for the [...]
Aluminum: The Next Physically-Backed Commodity ETF
Glencore International AG and Credit Suisse Group are in discussions to create the first physically-backed aluminum exchange-traded fund. The ETF, which could draw attraction from commodities futures traders, will follow a popular trend among foreign exchange-traded funds. While storing the precious metals of physically-backed exchange-traded funds is expensive, a new breed of traders, specifically those [...]
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 [...]
Copper Rides on the Coattails of Chinese Growth
Copper reached a new three-month high on optimism that China’s new stimulus package and large investments in commodities through its Sovereign Wealth Fund are indicative of a future increase in demand for the metal. The PowerShares DB Base Metals ETF (DBB: Quote, Profile, Advanced Chart, News) surged more than 8% on higher base metal prices, [...]
Gold and Other Metal ETFs Hitting a Period of Dullness
A continued rise of the U.S. dollar has put noticeable pressure on various commodities, especially gold and other metals. In the MarketWatch article, Moming Zhou writes that gold futures had recently fallen under $700 per ounce, which is considered a 13-month low. In addition, gold has lost more than $190 per ounce over the past [...]
Chile ETF: A South American Alternative Rich in Potential
The Brazilian market has long overshadowed Chile in popularity among investors taking part in South America. Investing in Chile, however, has many attractive aspects that Roger Nusbaum identifies in his article on TheStreet.com. When compared to Brazil, Chile is much less volatile. Mr. Nusbaum explains that Chile is commodity rich, especially in copper, and the [...]
Chilean Economy Holding Strong … Same is True for the Country’s ETF
Chile has experienced steady growth in their economy over the last couple of years. According to Trang Ho of Investor’s Business Daily, there has been 4 – 5% growth since 2006 and is projected to sustain that same level of growth through at least 2009. The ETF that tracks this prospering Latin American country, iShares [...]
