ETF Report

 Alternate Liquidity Providers: A Survey

Smart ETF investors know that average daily trading volume does not reflect the true available liquidity of an ETF. Dark pools, internal crossing and creation/redemption activity means that even thinly traded ETFs can support large buys and sells if they are executed properly.

Features and News

Pimco Launches Active ETF Money Market Alternative


Today marks the start of trading for Pimco’s latest ETF offering, the Pimco Enhanced Short Maturity Strategy Fund (NYSEArca: MINT). On the surface, this looks like just another entry into the short-term bond market, a competitor to funds like the Vanguard Short-Term Bond Fund (NYSEArca: BSV), any of the iShares short term bond funds (NYSEArca: CSJ, SHY, SHV), or something super short like the SPDR Barclays Capital 1-3 Month Treasury ETF (NYSEArca: BIL).

Features and News

ETF Fund Flows Report: Investors Pile Into Emerging Markets In October

ETF investors bought emerging markets and bonds in a big way last month, while selling out of U.S. stocks.

Features and News

WisdomTree Registers New Inflation-Linked ETF


WisdomTree Trust has registered with the SEC a new exchange-traded fund that seeks to give investors long-term returns above the rate of inflation.

To do so, the WisdomTree Real Return Fund (NYSEArca: RRF) will invest in inflation-linked securities such as U.S. Treasury Inflation Protected Securities (TIPS), bonds and commodities instruments.

RRF will be the newest member in an expanding group of ETFs that seeks to capitalize on investors' rising fears of inflation.

Features and News

CPI: New Inflation-Hedging ETF Launches


IndexIQ launched a new exchange-traded fund today designed to capitalize on investors’ fear of inflation.

The new IQ CPI Inflation Hedged ETF (NYSEArca: CPI) is designed to provide a “real return” of 2-3 percent above the rolling 12-month Consumer Price Index.

ETF Report

 SSgA Debuts Second-Ever VRDO Fund

State Street Global Advisors launched the world’s second variable rate demand obligation ETF, the SPDR S&P VRDO Municipal Bond ETF (NYSE Arca: VRD), on Sept. 24. It tracks the performance of the S&P National AMT-Free Municipal VRDO Index, which holds VRDOs issued by U.S. states, local governments and agencies. The fund charges 0.20 percent in annual expenses. Analysis

Premiums And Discounts: Flawed Thinking

Matt’s ideas for fixing bond ETFs aren’t bad, but focusing on premiums and discounts is a mug’s game.