Van Eck Announces Splits for Bond ETFs
Van Eck Global announced splits for three Market Vectors fixed income ETFs.
ETF News
ProShares Resumes Creating Shares for SKF and SEF
ProShares will resume creating new shares of ProShares UltraShort Financials (SKF) and ProShares Short Financials (SEF) exchange traded funds on October 9, 2008.
Lehman Brothers ETNs Suspended, Delisting Expected
In a filing with the SEC, Lehman Brothers reported that trading in its securties had been halted on the NYSE and Amex. The trading halt was effective on September 17 on the NYSE and on September 18 on Amex.
Cleantech Index Adds Software and Asian Wind
Index provider Cleantech Group announced that the quarterly rebalancing of its Cleantech Index will add two companies and remove three.
Supply of Short Financial ETFs Drys Up
ProShares and Rydex announced that they will not create new shares of their respective short financial funds until further notice.
PowerShares Brings 5 New ETFs to Market
Invesco PowerShares listed five new ETFs today on Nasdaq. The PowerShares Global Biotech Portfolio (PBTQ) tracks an index of 50 global biotech companies.
Green Transportation ETF Starts Trading
The PowerShares Global Progressive Transportation Portfolio (PTRP) began trading today on Nasdaq. The new fund tracks an index of global companies focused on technologies that use greener, more efficient sources of energy that enable cleaner, less costly and more efficient means of transportation.
ETF Assets Grow $4.7 Billion in August
According to a report by State Street, US ETF assets grew by $4.7 billion or 0.8% in August to a total of $582 billion as rising US equity and bond prices offset declines in commodity prices and International stocks.
Japan REIT ETF Starts Trading
Northern Trust announced the listing of the NETS Tokyo Stock Exchange REIT Index Fund (JRE) giving U.S. investors the opportunity to invest in the Japanese real estate market via an ETF.
SB-1 fund Converts to ETF
Claymore announced the listing of the Claymore/Raymond James SB-1 Equity ETF (RYJ). The new ETF tracks the SB-1 Equity Index which is composed of all equity securities rated Strong Buy 1 (“SB-1”) by Raymond James & Associates.