Marsha Zapson

ETF Report

 The Fear Factor: Increasing Options

As investors seek a hedge in a volatile market, the venerable Spider has received increased attention—which means volume—in recent weeks. In mid-August a year ago, for example, the Spider’s average daily volume on the American Stock Exchange was 5.8 million shares; this August, it clocked in at 10.1 million shares.

ETF Report

 Ex-US: 2Q Overview

At the end of the second quarter 2002, the number of ETFs worldwide stood at 238 with some $120.6 billion in assets, according to Morgan Stanley ETF Research in London.

ETF Report

 Japan: The fastest Growing ETF Market

Since Japan launched its first ETFs in July 2001, it has become the fastest growing ETF market—in terms of assets—in the world, according to Debbie Fuhr, head of ETF research at London-based Morgan Stanley.

ETF Report

 Are ProFund’s ETFs Really Actively Managed?

ProFund’s new cadre of ETFs currently before the Securities and Exchange Commission are the first funds to offer investors returns other than that of indices they follow.

ETF Report

 Trading ETFs the Multicurrency Way

At a time when stock exchanges worldwide are seeking a competitive edge and looking for products that will lure investors to their platforms, many are turning to the American Stock Exchange and its ETF business as a model to copy.

ETF Report

 SSB examines liquidity

When discussing ETFs, "investors seem to become most confused over liquidity," writes Salomon Smith Barney’s research team in a recent examination of the topic. While historical trading volume does not necessarily a liquid ETF make—even though they trade like a stock—volume is one source of liquidity.

ETF Report

 Seeking Liquidity

It’s no surprise that volume begets volume. Yet, why one European exchange garners more ETF trades than another, or why one European ETF out of many tracking the same index attracts more investors may have multiple explanations.

ETF Report

 Trading a Global ETF

As the number of exchange-traded funds worldwide grows and demand for product steadily rises, US and international funds increasingly seek trading privileges outside national boundaries.

ETF Report

 Q1: An Emerging Market Tale

Interest in emerging markets increased and dominated the US-listed ETF landscape during the first quarter of 2002, as US markets continued to roil and major indices hovered in negative or slightly positive territory.