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March ETF Roundup: Launches, Filings And Closures

Tue, 02 Apr 2013 09:00:07 -0400

March was a month of ups and downs, with the S&P reaching record highs and the European Union scrambling to clean up after the banking crisis in Cyprus. Small businesses and retail sales enjoyed a strong month, with positive effects spilling over into other areas of the U.S. markets. Investors were kept on their toes near the end of March, as the small island nation of Cyrus announced its plans to impose a tax on bank depositors, leaving many fearing that this drastic policy action could spill over to other nations in the currency bloc. With the addition of North Korea threatening war with every nation in reach, it’s no surprise that investors are ending March nervous and preparing for another market slowdown [for updates on all new ETFs, sign up for the free ETFdb newsletter]. After the rush of new products in the ETF space in the previous months, the introduction of four new funds [...]

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Equal-weight ETFs aren’t the most balanced

Mon, 04 Mar 2013 08:30:55 -0500

Equal-weight indexing has been getting more attention lately. But perhaps it’s time investors scaled back their enthusiasm: This niche strategy may not deserve equal billing with traditional index strategies, writes Jonathan Burton.

Guggenheim to Shutter 9 ETFs

Fri, 15 Feb 2013 18:06:01 -0500

Guggenheim Investments, the eighth-largest U.S. ETF sponsor, said it will close nine low-asset exchange traded funds. The announcement was made after the close of U.S. markets Friday.

The average size of the nine closing ETFs is $16 million, for a total of $144 million, equaling about one percent of of Guggenheim

Rydex|SGI ETFs Get Guggenheim Makeover

Thu, 01 Mar 2012 13:00:42 -0500

Guggenheim Investments is finalizing its acquisition of Rydex|SGI as the fund provider rebrands the legacy Rydex|SGI ETF line with its own moniker. According to a press release, as of March 1, 2012, the 27 Rydex|SGI ETFs will trade under the Guggenheim name, with the same ticker...

ETF Alternatives for Last Week’s Hot Stocks

Mon, 27 Feb 2012 10:40:53 -0500

August ETF Roundup: Launches, Filings, and Closures

Thu, 01 Sep 2011 09:45:29 -0400

August was a hectic month to say the least, as the first few days saw violent swings in major indexes, at times reaching up to 6% in either direction. The majority of the market volatility came first from our inability to pass a solid debt plan in a reasonable amount of time. Though Congress passed the bill with just hours to spare, investors were not very reassured by the longer-than-expected debates as well as the legislation itself. Next came the knockout blow, as the S&P issued the first-ever downgrade of U.S. debts, sending markets into a frenzy and earning a fair amount of backlash from the Obama administration and big name investors like Warren Buffet as well. The ETF industry continued to sputter along, with just nine funds hitting the market over the course of the month. The lack of funds debuting can likely be attributed to a summer slowdown [...]