MacroMarkets LLC announced today the termination of the MacroShares $100 Oil Up Trust (UOY) and the MacroShares $100 Oil Down Trust (DOY), due to assets on deposit falling to less than $50 million.
Exchange traded funds have fared relatively well during the financial crisis, but haven’t been immune to market volatility.
Some industry observers are questioning whether an endowment model of investing — as popularized by the Yale University endowment fund — should be used for individual investors.
Led by the iShares exchange traded fund group, exchange traded funds are poised to break the stranglehold that mutual funds have on 401(k) retirement plans.
The Grail American Beacon Large Cap Value ETF (GVT), an actively managed exchange traded fund, began trading today on the New York Stock Exchange. Grail Advisors LLC of San Francisco is the ETF’s manager.
The day of reckoning has come for the financial services industry.
Invesco PowerShares Capital Management LLC said today that it plans to close 19 of its current 135 exchange traded funds.
AdvisorShares Investments LLC appears to have moved a step closer to launching its first actively managed exchange traded fund.
Equity funds investing primarily in U.S. stocks had a net outflow of $3 billion, reversing the previous week’s inflow of $3.2 billion, TrimTabs reported.
Exchange traded fund assets fell by 13.5% during the first quarter, to $430.15 billion, according to data released today by Barclays Global Investors of San Francisco.
The Vanguard FTSE All-World ex-US Small-Cap Exchange Traded Fund (VSS), which seeks to track the performance of the FTSE Global Small-Cap ex-US Index, began trading today, The Vanguard Group Inc. of Malvern, Pa., announced.
Some providers of exchange traded funds hold out hope that the government will still turn to ETFs to purchase toxic assets — illiquid real estate loans and securities backed by loan portfolios — from banks.
It looks as if Barclays’ iShares exchange traded fund business will be sold to a Luxembourg-based global private-equity firm.
The possibility that Barclays' iShares exchange traded fund business could be sold to another big ETF provider, reducing competition by creating an industry behemoth, is worrying advisers.
Individuals who invest for themselves — without the help of a financial adviser — show more awareness and commitment to exchange traded funds than their adviser-directed peers.
As exchange traded funds gain in popularity, more financial advisers are building model ETF portfolios for use by other advisers.
Total assets in exchange traded funds fell $45 billion last month, to $451 billion, according to data released today by State Street Global Advisors of Boston.
Two major forces are behind the dramatic growth in popularity of exchange traded funds: the wide-spread adoption of fee-based advice and the prolonged 10-year bear market’s effect of destroying the “mutual fund manager” myth.
