Global Capital. Clear Intelligence.
Several new ETFs were introduced that enhance the ability of investors to join in the commodities game. While many of them including the oil, gold, and silver ETF (DBO, DBS, DGL) are improvements on previous funds, the DBA fund is the first that allows investors to get involved in the agricultural commodities – perhaps the … Read more
QUESTION: What are the tax implications for an american citizen of buying exchange traded funds in another currency in an offshore account? REPLY: According to MSN Money Central, an exchange traded fund (ETF) is essentially an index fund. As such they would be treated as mutual funds by the IRS. Those that are available through … Read more
By Dan Culloton – StreetTracks Gold Shares (GLD) , the first exchange-traded fund tracking a commodity, was one of the most successful ETF launches in history. Within weeks of its November 2004 launch it amassed more than $1.5 billion in assets. Is it any wonder that other financial firms are scrambling to introduce their own … Read more
BOSTON – Exchange-traded funds that invest in widely-held S&P 500 companies can look markedly different, depending on how much they allocate to individual stocks. The Rydex S&P Equal Weight ETF (RSP) invests the same amount — 0.20 percent — in every stock in the S&P 500 index (SPX), rebalancing quarterly to maintain the portfolio. The … Read more
BEIJING, Feb. 23 — The mainland’s first exchange-traded fund, or ETF starts trading Wednesday on the Shanghai bourse. The move is aimed at helping to develop the nation’s fledgling stock markets. More than six billion units of Shanghai 50 ETF’s are being listed on the Shanghai Stock Exchange on Wednesday. The index ETF funds are … Read more
The year just ended was a good one for exchange-traded funds. ETF assets grew by 47% to $222 billion, according to current figures in Morningstar’s database. ETF purveyors launched dozens of funds, including groundbreaking gold and China offerings. The industry also buzzed with talk of creating other commodity-linked and even actively managed ETFs. Here’s a … Read more
Perhaps, no one watched the events of the past week more closely than the “silver barons.” As streetTRACKS Gold Trust reaped $1.3 billion in its first three days of trading, and set a volume record for derivatives on its opening day, one can bet the minds of these pure silver company CEOs were chomping at … Read more