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ETF News Archive

Direxion Introduces 6 New 300% Funds

6 new Direxion Shares ETFs were recently launched joining the 8 Direxion funds that started trading in November.  The new ETFs will see seek 300% of daily performance or 300% of the inverse of daily performance of MSCI and Russell benchmark indexes.

The new ETFs and respective indexes are:

 

MSCI EAFE Index

Direxion Developed Markets Bull 3x (DZK)

Direxion Developed Markets Bear 3x (DPK)


MSCI Emerging Markets Index

Direxion Emerging Markets Bull 3x (EDC)

Direxion Emerging Markets  Bear 3x (EDZ)

 

Russell 1000 Technology Index

Direxion Technology Bull 3x (TYH)

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WisdomTree Launches Large Cap Growth Fund

The WisdomTree LargeCap Growth Fund (ROI) started trading on the NYSE Arca with an expense ratio of 0.38%.

WisdomTree executives point out that growth’s historic underperformance may have more to do with how the major growth indexes are constructed, than with growth stocks themselves.

WisdomTree applies a fundamental weighting methodology to the growth universe to address the flaws of traditional, market capitalization-weighted indexes.

ROI is designed to track the WisdomTree LargeCap Growth Index, a fundamentally weighted index which measures the stock performance of approximately 300 large-cap growth companies in the U.S.

For a complete listing, see the WisdomTree ETF Directory.

Leveraged Gold and Silver ETFs Begin Trading

ProFunds Group launched the first exchange traded funds in the United States to provide short or leveraged exposure to gold or silver. The four new ETFs began trading on the NYSE Arca on December 3.

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HealthShares to Liquidate ETFs

After failing to gain sufficient market following for a family of specialized healthcare ETFs, HealthShares has decided to liquidate its 4 remaining exchange traded funds by year end.

ETFs affected include:

HealthShares™ Cancer Exchange-Traded Fund (HHK)
HealthShares™ European Drugs Exchange-Traded Fund (HRJ)
HealthShares™ Diagnostics Exchange-Traded Fund (HHD)
HealthShares™ Drug Discovery Tools Exchange-Traded Fund (HHV)

The last day of trading will be December 23, 2008.

 

ProShares Launches Short & Leveraged ETFs for Commodities, Euro and Yen

ProShares has launched 8 ETFs that provide short and leveraged exposure to commodities, the Euro and the Yen.

The ETFs are benchmarked to broad commodities and crude oil indexes and to the Euro and Yen will begin trading on the NYSE Arca today.

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Actively Managed Real Estate Fund Starts Trading

Invesco PowerShares launched the PowerShares U.S. Real Estate Fund (PSR) today on NYSE Arca.

The actively managed ETF will seek to outperform its benchmark, the FTSE NAREIT Equity REITS Index.

The fund's manager, Joe V. Rodriguez, Jr., will use 25 years of industry experience along with quantitative and statistical metrics to identify attractively priced securities and manage risk.

Investors can gain exposure to the passively managed index through the FTSE NAREIT Real Estate 50 Index Fund (FTY).

See the Invesco PowerShares ETF directory for a complete listing.

ETF Assets Fall in Line with Market

ETF industry assets fell $97 billion or 16.7% in October, in line with the 16.7% decline in the S&P 500 for the month.

State Street Global Advisor's Snapshot Report for October 2008 reports that every asset class declined in October including domestic and international equities, bonds and gold.  The MSCI EAFE index, a measure of international equities, fell 20.2% in dollar terms while the bond benchmark Barclays Capital U.S.

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WisdomTree Announces Zero Capital Gains Distributions for 2008 Across All Equity ETFs

WisdomTree announced that it has delivered zero long or short-term capital gains distributions across all of its 41 equity ETFs for 2008.

The announcement is especially relevant to mutual fund investors who are seeking to harvest tax-losses while avoiding year-end capital gains distributions.

The fact that WisdomTree was able to avoid capital gains distrubutions reinforces the claim that ETFs are a more tax-efficient investment vehicle than mutual funds.

The reason that many mutual fund investors will receive a year-end tax hit is because actively managed mutual funds sell securities in order to meet redemption requests, potentially triggering capital gains for all remaining shareholders.

ETF investors can buy and sell shares on an exchange similar to common stock, the sale of an ETF would typically only have a taxable consequence for the selling investor and

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Two New Barclays Fixed Income ETFs Begin Trading

Barclays Global Investors announced the launch of two new fixed income ETFs.

iShares S&P Short Term National Municipal Bond Fund (SUB) and the iShares Barclays Agency Bond Fund (AGZ) began trading on November 7.

The new iShares Funds offer convenient, cost-effective, liquid ways to access the municipal and agency markets.

The iShares S&P Short Term National Municipal Bond Fund's expense ratio is 0.25% and tracks an index of short-term investment-grade segment of the U.S. municipal bond market.

The iShares Barclays Agency Bond Fund's expense ratio is 0.20% and tracks an index of the agency sector of the U.S. government bond market. It is comprised of investment-grade U.S.

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Barclays Launches Suite of 12 Asset Allocation Funds

Barclays Global Investors has introduced a family of asset allocation funds to make it easier for investors and advisors to put together and manage a diversified portfolio of ETFs.

The funds are based on S&P target date and target risk indexes and use iShares ETFs.

Barclays defines asset allocation as an investment strategy that seeks to balance risk and reward in a portfolio by spreading investments over several types of asset classes.

The Target Date funds correspond to an anticipated timing need for funding life events such as retirement or paying for college.  The Target Risk funds correspond to a particular level of risk tolerance.

The new ETFs include:

 

iShares Target Date Funds

iShares S&P Target Date Retirement Income Index Fund (TGR)

iShares

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