ProShares expanded their number of exchange traded funds (ETFs) last week, with the launch of 22 new funds. Murray Coleman of MarketWatch.com reports half the ETFs should double on a daily basis the performance of the underlying sector. While the other half looks to double the inverse of the index, or take magnified short positions. Also, another ETF recently debuted, SPDR/FTSE Macquarie Global Infrastructure 100 ETF (GII). The underlying index tracks stocks in infrastructure industries around the globe.
GII is widely diversified geographically and in terms of sectors. Not only are we continuing to develop infrastructure in the U.S., but there’s a lot of foreign markets doing the same. This is a unique play on several different interesting sectors.We like this one because it doesn’t concentrate in any one sector, country or industry.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. 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.