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ETF Chart of the Day: Hong Kong
February 7th at 10:22amby
Late last week we noted sizable redemption activity in a country-specific exchange traded fund, iShares MSCI Hong Kong (NYSEArca: EWH), as approximately $300 million flowed out of the fund, equivalent to about 15% of the assets outstanding in the product. Volume swelled to over 30 million shares...
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Investors Tapping ETFs to Position for Higher Markets
February 7th at 8:18amby
Investors are using exchange traded funds to embrace more risk in their portfolios and get exposure to tougher-to-reach areas of the market. The rally in stocks so far in 2012 has pushed ETF assets close to record levels, CNBC.com reports. “Investors definitely sense the improvement in the...
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China Readies ETFs
February 7th at 7:55amby
China is moving closer to approving the launch of the country’s first cross-border exchange traded fund after regulators began a review of an application for an ETF that invests in Hong Kong stocks, according to a report Tuesday. “The market widely expects China to initially approve two...
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Nasdaq-100 ETF at Highest Level Since Internet Bubble
February 7th at 7:00amby
The Nasdaq-100 exchange traded fund is up 11% year to date to outperform the S&P 500. The technology-heavy ETF has rallied to the highest levels since the dot-com wreck. The index is comprised of 100 tech stocks listed on the Nasdaq. Many small tech stocks are getting a boost from Facebook...
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Facebook IPO Drives Interest in Social Media ETF
February 6th at 4:27pmby
Trading volume and assets in a small exchange traded fund that invests in social media stocks are ramping higher in the wake of Facebook filing to go public. Assets in the Global X Social Media Index ETF (NasdaqGM: SOCL) have jumped to $5.3 million from $1.4 million after Facebook’s IPO...
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PIMCO ETF Puts Spotlight on Mutual Fund Fees
February 6th at 2:43pmby
The exchange traded fund version of PIMCO Total Return could force active mutual funds to cut fees to keep up with the lower costs of ETFs, according to a report Monday. “Should the ETF version of Bill Gross's PIMCO Total Return prove a success in attracting investors, the pressure will build...
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BRICs Lead Emerging Market ETFs
February 6th at 2:00pmby
So-called BRIC exchange traded funds that invest in Brazil, Russia, India and China are among the top performers among ETFs that track emerging market stocks. The iShares MSCI BRIC Index Fund ETF (NYSEArca: BKF), Guggenheim BRIC ETF (NYSEArca: EEB) and SPDR S&P BRIC 40 ETF (NYSEArca: BIK)...
