Carl Delfeld of Chartwell Advisors reports that ProShares Ultra Dow Jones (UXI) was the top ETF performer for the day (2/15/07), up 5.17%, as it moves 200% of the Dow. The iShares Health Care Provider ETF (IHF) was up 2.17%, and iShares MSCI Singapore (EWS) was up 1.82%. Lower oil prices brought the Oil Service HOLDRS (OIH) down 1.9% and the PowerShares Dynamic Oil (PXJ) down 1.55%.
Even though the Swedish central bank raised its benchmark interest rate to 3.25%, the CurrencyShares Swedish Krona (FXS) lost about 1% since guidance suggested that the series of rate hikes might well be over. If your image of Sweden and Denmark’s economies is socialistic, bureaucratic and no-growth, then take a trip this June with Carl as he leads a group to meet with companies and see first hand how the countries are doing.
Claymore is working on 14 fundamentally enhanced indexes to play on specific investing strategies and ProShares is adding at least 66 new Ultra, Short and UltraShort versions of the style, market-cap and sector indexes. HealthShares has 15 ETFs on deck for release from now into March.
Read the disclosure, as Tom Lydon is a board member of Rydex Funds.
For full disclosure, some of Tom Lydon’s clients own EWS.
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.