Banking

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 [...]

Keefe, Bruyette, and Woods, Inc (KBW) is a firm that concentrates on the financial sector and represents ETF indices in Banking, Regional Banking, Capital Markets, Insurance, and Mortgage Finance. KBW has disclosed additional upcoming changes to its Capital Markets (KSX; ETF symbol KCE: Profile, Quote, Advanced Chart, News) index. According to the press release, Stifel Financial [...]

Exchange-traded funds have not only grown in assets over the years but in popularity as well. The trend for mutual funds has been the opposite. While the mutual fund industry is still much larger by comparison, large brokerage firms are already feeling the need to adjust their strategy. Brokerages such as Wells Fargo and UBS [...]

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 [...]

Through structured products, exchange-traded funds are earning another use by the banking industry. Normally centered on popular indexes, structured products can better track returns with exchange-traded funds. Two banks, Bank of America and Credit Suisse, both issued notes this week using exchange-traded funds as their underlying indexes. Bank of America launched a two-year leveraged note [...]

The new financial overhaul bill circulating around Washington could have a profound impact on many under-diversified financial ETFs. The Dow Jones U.S. Financial Services Index Fund (IYG: Quote, Profile, Advanced Chart, News) in particular is in danger should the bill pass. One of the largest provisions in the bill is meant to protect consumers from [...]

ETF investors experienced their first glimpse at how connected financial ETFs are to Goldman Sachs. Following news of the SEC investigation, Goldman’s stock tumbled – and so did many financial ETFs. Some of the most under-diversified ETFs are the iShares DJ U.S. Broker-Dealers ETF (IAI: Quote, Profile, Advanced Chart, News) and SPDR KBW Capital Markets [...]

The National Bank of Abu Dhabi has licensed the Dow Jones UAE 25 Index for deployment on the Saudi stock exchange. The first of many expected ETFs, the fund’s launch later this month will be a landmark move in Middle Eastern investing. The fund’s first trading day is expected to be March 25 for all [...]

Although not nearly as inaccurate as their closed-end sister funds, illiquid exchange-traded funds often find themselves a few percentage points off the product they are created to track. The SEC aims to solve this problem with a simple rule change. The SEC hopes that by allowing more traders to buy and sell directly from exchange-traded [...]

Bond king PIMCO has filed to create six new funds, one of which will be actively-managed. The newest offerings tap into PIMCO’s already existing line of bond ETFs, which are a current investor favorite. The new funds are as follows: 1. PIMCO 0-3 Year Banking Sector Corporate Bond Index Fund 2. PIMCO 1-5 Year High [...]