Abnormally Large Volume for Small ETF
A trading volume well above average was noticed for a small-cap ETF. With three times the average daily trading volume, the FTSE RAFI US 1500 Small-Mid Portfolio ETF (PRFZ: Profile, Quote, Advanced Chart, News) started out the week catching the attention of many investors. The three month trading volume is approximately 50,000 shares per day; [...]
Huntington Asset Advisors Getting Active with New ETFs
Two more actively managed ETFs have been filed with the Securities & Exchange Commission. Huntington Asset Advisors has developed the two funds, which are projected to be released during the first quarter of next year. The press release identifies the two actively managed ETFs as the Huntington Ecological Strategy Fund and the Huntington Global Rotating [...]
NYSE Ready to Welcome Unique Brazilian ETF
Global X is ready to launch a brand new ETF on the NYSE, allowing investors the opportunity to take part in Brazil’s growth. What is unique about this Brazilian ETF is that it is the first to focus on only mid-sized companies within the country. The new ETF, known as the Brazil Mid-Cap ETF (BRAZ), [...]
Rydex Folds 12 Leveraged Funds Against Stiff Competition
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 [...]
Claymore Cooks Up a Co-Branded Batch of Plain Vanilla ETFs
Claymore Securities has filed with the SEC to produce nine new funds, all of which will track indexes from Wilshire Associates. The two firms already worked together to create three other funds launched early in March. The nine new funds in the SEC filing are as follows: 1. Wilshire Large-Cap ETF 2. Wilshire Large-Cap Growth [...]
ProShares Unveils 16 Triple-Threat ETFs
In furthering its hold in the niche market, ProShares has filed to create 16 new exchange-traded funds, all of which will be triple leveraged. The funds look to be a threat to Direxion, another fund company which has competed directly with ProShares for the leveraged space. The 16 new funds are as follows: 1. UltraPro [...]
Van Eck Launches First ETF Targeting Polish Stocks
A new fund issued by Van Eck to track Polish stocks began trading on the NYSE Arca last Wednesday, immediately prior to the Thanksgiving holiday. The fund, which trades under the ticker symbol PLND, is the first country-specific fund to track Polish stocks. The Market Vectors Poland ETF (PLND: Quote, Profile, Advanced Chart, News) will [...]
Van Eck Hopes for Big Profits with New Tiny Miners ETF
Van Eck has announced the creation of a new MarketVectors branded ETF, which seeks to track the changes in price of small cap gold miners. The Market Vectors Junior Gold Miners ETF (GDXJ) follows the popular Market Vectors Gold Miners ETF (GDX: Quote, Profile, Advanced Chart, News), which tracks mid and large cap miners and [...]
EGA Builds New Lineup BRIC by BRIC
EGA Emerging Global Shares has filed for a new line of seven exchange-traded funds that would center on BRIC nations and their economies. Six of the funds target infrastructure and mid cap stocks, while the remainder is set to track a broader index of Asian companies. The new funds filed with the SEC are: 1. [...]
A New Fund Taps into the Islamic ETF Market
Florentez Investments has filed with the SEC to release a new Islamic ETF to fill the current void of limited Muslim-based investment choices on the U.S. stock markets. The fund is expected to launch in the first quarter of 2010. The new fund will track the FTSE Sharia USA Index, which includes both mid and [...]
