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MarketRiders launches all-ETF energy hedge portfolio
March 21, 2011--The high cost of oil and the fast-rising price of gas is stimulating the markets this month -- but in the wrong direction. To help investors who want to profit from and have a portfolio hedge from rising energy prices, MarketRiders is offering its own all-Exchange Traded Fund (ETF) energy hedge fund. The MarketRiders Energy Hedge Portfolio provides greater diversity to the energy sector for about .5% versus the average 1.5% for energy mutual funds like Blackrock Energy & Resources and Invesco Energy.
MarketRiders built this portfolio as a template in its web-based portfolio manager, so anyone who wants to allocate some investment dollars to take advantage of the run up in oil prices can do so. "Most investors have no business picking specific energy sector company stocks. Buying the ETFs in our Energy Hedge Portfolio is the best way to invest in the whole gamut of energy," explains Mitch Tuchman, CEO. "The portfolio we recommend is the most logical and low cost way to apportion your investment in this sector and gives you a shot at being the one who wins while the rest of us groan when we fill up our cars every week."
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Source: MarketRiders
NYSE Euronext outlines Amex deal
March 21, 2011--NYSE Euronext announced the terms of a deal to sell a majority of its NYSE Amex options market to dealers such as Citadel, Goldman Sachs and Citigroup, which could bolster its efforts to get regulatory approval for its merger with Deutsche Börse.
The plan to sell a stake in Amex was originally announced in 2009, in the hopes of boosting the struggling exchange’s trading volumes. However final terms were delayed as details were hammered out and regulators shifted their focus to broader market structure reforms.
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Source: FT.com
