Why Not A TARP ETF? | ETF Trends

The Nasdaq just released an index composed of government relief, which could soon lead to a related exchange traded fund (ETF).

Wall Street is making the most of a bad situation, as Nasdaq released their Government Relief Index, which tracks 24 companies that have received at least $1 billion from the Troubled Asset Relief Program. Next up are an option, a few ETFs, and possibly a structured note or two that will track the index, reports Tara Kalwarski for BusinessWeek.

The idea of the index and the funds are to let investors in on the performance of this mixed bag of down and out companies. Companies in the index include Citigroup (C), General Motors (GM), and American International Group (AIG).

There are no vehicles to invest in this index as of yet. Since Jan. 6, 2009, the index is down 13.7%, vs. the S&P 500’s 6.7%.

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.