Exchange traded fund providers have been using the ticker symbols they choose to market their ETFs. John Spence of MarketWatch takes a look at some of the providers and the ticker symbols used to help brand their ETF. Below are some of the ETFs he reviews:
- Rydex Russell Top 50 (XLG) – invests in the 50 largest companies in the U.S.
- iShares Comex Gold Trust (IAU) – uses the Periodic Table symbol for gold, AU
- Vanguard Telecommunication Services (VOX) – a technical acronym for
"voice operated switch"
- PowerShares Dynamic Food & Beverage (PBJ) – how could you forget about peanut butter and jelly!
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.