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Under The Hood: EG Shares Emerging Markets Consumer ETF
December 27, 2010--
One of the pivotal sub-plots in the emerging markets bull run of 2010 has been the strength of the consumer in various emerging markets.
Plenty of analysts, experts and pundits have opined about emerging middle classes in countries such as Brazil, China and India and the potential the new found wealth in these markets (and others ) holds for investors.
To be sure, the story of the middle class in emerging markets is still in its nascent stages, but there are a few ETFs with which to play this trend, making now a good time to go under the hood with the EGShares Emerging Markets Consumer ETF (NYSE: ECON).read more
Source: San Francisco Chronicle
The majority of investors still not familiar with exchange traded funds (ETFs)
December 27, 2010--There is a tremendous growth opportunity for providers of exchange traded funds (ETFs) to grow total assets for one simple reason—most potential retail investors have never heard of them. Indeed, latest research from Mintel reveals that more than six in 10 investors say they don't invest in ETFs simply because they "don't know what they are"— and that number was the same for the higher income households that are most likely to be investors.
“Investment companies have a long way to go in getting the word out about ETFs,” states Susan Menke, vice president and behavioral economist at Mintel Comperemedia. “On the other hand, it does show that there is tremendous growth potential in this market.”
Even investors who currently own ETFs don’t feel entirely comfortable with their level of knowledge about the products. Mintel’s data shows that only about half (54%) of ETF owners feel they are “very knowledgeable” when it comes to ETF investing. It seems owners of both mutual funds and individual stocks are even more befuddled, with just 17% of existing investors in each of these categories reporting they feel comfortable with investing in ETF products.
“ETFs really only burst onto the scene in the last few years, and obviously have not penetrated well into some potential markets,” adds Susan Menke. “One reason is that they are not commonly offered in qualified plans such as 401Ks, but even those who invest in non-retirement accounts are still quite unfamiliar with this newer type of investment.”
read more
Source: Mintel
Rydex files with the SEC
December 27, 2010--Rydex has filed a post effective amendemnt, registration statement with the SEC.
view filing
Source: SEC.gov
JP Morgan files with the SEC
December 27, 2010--JP Morgan has filed an amended application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Backlash over use of Fed crisis cash
December 27, 2010--One of the big surprises when the US Federal Reserve was forced to publish details of the loans it made during the the 2007-2010 financial crisis was the heavy use of its schemes by foreign banks.
This prompted a political backlash in the US.
“We’re talking about huge sums of money going to bail out large foreign banks,” said Bernie Sanders, the independent senator from Vermont. “Has the Federal Reserve of the United States become the central bank of the world?”
read more
Source: FT.com
