ETF Report

 The Rise of Global Sector Investing

The last month has seen the launch of tradable blue chip global sector indices by FTSE and Dow Jones. Introduced on February 12 and developed in consultation with Merrill Lynch, the FTSE global sector indices cover 11 sectors.

ETF Report

 ICF: Barclays’ new REIT iShare

Some in the ETF industry think that Barclays’ new iShares Cohen & Steers Realty Majors Index Fund, launched February 2 with an undisclosed amount of startup capital, will appeal to institutional investors; others consider it a retail product. Barclays says it has appeal in both spheres.

ETF Report

 Omaha Firm Launches a First Fund of ETFs

Everest Funds Management LLC, located in Omaha, Nebraska, launched a fund of ETFs December 1, 2000. The concept is new, and this is the first fund of ETFs ever to be launched.

ETF Report

 There’s an Elephant in The Room

When the American Stock Exchange released its year 2000 statistics, it gleefully noted that the amount of money invested in ETFs, including HOLDRS, had more than doubled to $70.3 billion in invested assets, up from $35.9 billion at the end of 1999. But upon closer inspection of the 2000 year-end data, a skewed picture emerges.

ETF Report

 Shorts Strong in 2000; the QQQ Helped

Despite the bruising the Nasdaq took last year, the market system broke records for volume and dollar value of shares traded.

ETF Report

 Addison’s Actively Managed ETF Account Program

Addison Capital Management LLC has stayed in business quietly for 20 years, managing what is currently about $300 million of US and foreign clients’ assets with an eye toward consistent, low risk, tax efficient returns using a value-oriented equity strategy.

ETF Report

 Canada’s First with a Fixed Income ETF—Sort of

“ The SEC will approve fixed income ETFs well before active ETFs”

ETF Report

 The Back Office: Three US Banks Dominate Custodial Services

One of the more easily overlooked components of exchange-traded fund production is the back office operation.