First Cloud Computing ETF Floats onto the Scene
The first cloud computing ETF is ready to begin trading July 6, 2011 on the NASDAQ Stock Market. First Trust Advisors L.P. will sponsor the new fund, known as First Trust ISE Cloud Computing Index Fund (ticker: SKYY). According to the press release, SKYY will track the ISE Cloud Computing Index, which was developed by [...]
First Trust ETF to Profit from Smartphone Boom
First Trust NASDAQ CEA Smartphone Index Fund (FONE) is a fund investing in tech and gadget companies. Returns from tech companies like RIM and Apple can swing wildly. In the past 3 years, the former has gained by more than 480% while the latter gained by 260%. The ETF can help investors seek good returns [...]
Facebook Speculation Attracts Investors To Tech ETFs
Speculation about Facebook’s IPO has resulted in increased investor interest in tech stocks. The Dow Jones U.S. Technology Index, which acts as the underlying index for ETFs like iShares DJ Technology ETF (IYW) shows YTD gains through Feb. 15th of approximately 5% Numerous internet based indexes emerged during the dot com boom but only a [...]
iShares Debuts Group of International Sector ETFs
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, [...]
First Small Cap India ETF Launched
For the first time, investors will have direct access to India’s small cap equity market with the launch of a new ETF by EG Shares. The new ETF, known as INDXX India Small Cap Index Fund (SCIN: Profile, Quote, Advanced Chart, News), will track the INDXX India Small Cap Index made up of 75 stocks [...]
New Trade Agreement Set to Propel Taiwan ETF
This week Taiwan and China will be finalizing a major economic pact that will significantly enhance trade between the two countries. As a result, ETFs that track these two markets are projected to reap the benefits. The Economic Cooperation Framework Agreement, which is scheduled to be finalized on Tuesday, will most notably reduce tariffs on [...]
Reverse Share Split Declared for Group of Direxion ETFs
Direxion, the ETF issuer popular for its line of leveraged funds, has announced an upcoming reverse share split on four of its triple leveraged ETFs. The ETFs scheduled for the reverse split on July 8, 2010 are: 1. Direxion Daily Energy Bear 3x Shares (ERY: Profile, Quote, Advanced Chart, News) 2. Direxion Daily Real Estate [...]
iShares Launches 3 Country ETFs
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 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 [...]
iShares ETF Presents Opportunities to Bullish Yuan Investors
Although currency funds have yet to capture a large portion of the exchange-traded fund market, other opportunities exist for investors in the ETF landscape. One such opportunity, iShares MSCI Hong Kong (EWH: Quote, Profile, Advanced Chart, News), a stock fund, is expected to rise with China’s currency. Analysts expect that Chinese stocks catering to consumer [...]
