Steel Fund Outperforms Inflation, but Investors Cast Alloy Doubts
The inflation-inspired trade, which has been persistent as ETF investors analyze the government’s growing influence in the credit markets, has sent ETF prices higher. Despite the increase in stock prices, investors are still concerned that commodities, particularly steel, may not rise until demand for the metal increases. Global steel production has softened from its 2008 [...]
An Unnoticed Metal ETF Shines with Impressive Gains
All the popularity surrounding precious metals may be stealing from steel’s thunder, but the metal has nonetheless racked up impressive gains since the universal stock recovery in March. Since March 1, steel producing companies have rallied considerably on a better global economic outlook. The Market Vectors Steel ETF (SLX: Quote, Profile, Advanced Chart, News) has [...]
Auto Sales Dive but Steel Shows Strength
While the auto and steel industry in the United States are intertwined, even weaker auto sales reported by CNN could not stop steel’s advance. Amid lower sales, car companies are buying less steel, but the metal industry made its own comeback today as investors staked out cheap share prices. The Market Vectors Steel ETF (SLX: [...]
Digging Deeper into Infrastructure ETFs
President-elect Barack Obama will take over the economic controls in a short two weeks. With a promise to inject the infrastructure industry with the largest investment in nearly 60 years, it is time to review how a few of the industry-tracking ETFs are constructed. Matt McCall, president of investment adviser Penn Financial Group LLC in [...]
Recession Officially Declared for Russia
The Russian market has been slumping for some time, and experts believe it will get worse before it gets better. As a result, the economic cycle has been officially downgraded to a recession. Over at least the next six months, the country-specific ETF and currency ETF both look to be entering additional hardship. Vidya Ram [...]
Metal ETFs ‘Steel’ the Show following Economic Stimulus Announcement
Steel has been extremely malleable during the second half of 2008 as its price performance has been very weak. The steel industry, however, reacted quite favorably to the economic stimulus plan announced this week by U.S. President-elect Barack Obama. The plan is expected to revive the infrastructure and auto industries, which both drive demand for [...]
Van Eck Bringing Eleven Market Vectors ETFs to NYSE Arca
As part of the NYSE Arca’s acquisition of the American Stock Exchange (AMEX), Van Eck will transfer eleven of its Market Vectors-brand ETFs from the AMEX to the NYSE Arca. According to a Business Wire press release, the eleven ETFs include three municipal bond ETFs and eight equity ETFs. All of the ticker symbols have [...]
Thirteen New Commodity-based ETFs Brought to Amsterdam Market
Due to strong client demand, ETF Securities has listed thirteen new commodity-oriented ETFs on the Euronext Amsterdam. It became evident that the industry themes investors requested were not available in the form of an ETC. As a result, Mondo Visione reports that ETF Securities has developed a group of ETFs that focus on industries such [...]
Four New PowerShares Commodity ETFs Begin Trading on Nasdaq
As of this week on September 18, 2008, Invesco PowerShares will release its four new commodity-related ETFs on the Nasdaq Stock Exchange. The President and CEO for Invesco PowerShares, Bruce Bond, has pointed out that global demand for basic materials is expected to grow. This economic outlook supports the launch of the new ETFs that [...]
Invesco Expands Line of Commodity-based ETFs
The President and CEO for Invesco PowerShares, Bruce Bond, has stated that there is “increased demand and global opportunities focused on producing food and commodities.” To capture this opportunity, Invesco Powershares has announced the upcoming launch of four new commodity ETFs. According to Business Week, September 18, 2008 will mark the release of these four [...]
