First Automobile Manufacturing ETF Drives onto the Scene
The first automobile manufacturing ETF gets the green light to begin trading May 10, 2011 on the NASDAQ Stock Market. First Trust Advisors L.P. will sponsor the new fund, known as First Trust NASDAQ Global Auto Index Fund (ticker: CARZ). According to the press release, CARZ will track the NASDAQ OMX Global Auto Index, which [...]
Opposition Builds against U.S. Platinum Fund
Auto, Commodity, ETF Securities, Industrial Goods, International, New ETFs, Platinum, Precious Metals, United Kingdom, United States
Hopes that American traders can invest in a domestic platinum fund are fleeting. As ETF Securities looks to bring a platinum ETF to the US, many key industrial sectors are expressing adamant opposition against the new fund. Even as softer demand from the industrial sector is giving platinum prices some flexibility, industrial users of platinum, [...]
