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ETF Watch: September 19 – September 25
Written by Heather Bell   
Thursday, 25 September 2008 15:15
  • Page 1: New ETF listings
  • Page 2: ETF industry statistics including weekly performance update
  • Page 3: The complete list of ETFs (and ETNs) in registration

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NEW LISTINGS

PowerShares Launches Six Global Sectors

Over the course of the last week, Invesco PowerShares has launched several global sector funds, some of which will compete directly with the Market Vectors ETFs from Van Eck.

The PowerShares Global Progressive Transportation Portfolio (NasdaqGM: PTRP) tracks the Wilder NASDAQ OMX Global Energy Efficient Transport Index, which covers companies that are likely to benefit from a global transition to cleaner, cheaper and more efficient transportation technologies and practices.

Meanwhile, the PowerShares Global Biotech Portfolio (NasdaqGM: PBTQ) tracks a NASDAQ OMX index covering the world’s largest and most liquid biotechnology companies. Both PTRP and PBTQ launched on September 18.

The four funds that launched on September 22 also track indexes from Nasdaq OMX with similar methodologies; all four have strong ties to commodities markets. They include the PowerShares Global Agriculture Portfolio (NasdaqGM: PAGG), the PowerShares Global Gold and Precious Metals Portfolio (NasdaqGM: PSAU), the PowerShares Global Coal Portfolio (NasdaqGM: PKOL) and the PowerShares Global Steel Portfolio (NasdaqGM: PSTL).

Van Eck Global has already launched ETFs covering each of those four global sectors.

All six of the new PowerShares funds charge expense ratios of 0.75%.

You can read the prospectus for the funds here.

NEW FILINGS

First Trust Files For IPO And Construction ETFs

First Trust Advisors has filed for two new ETFs covering unique areas of the market.

The First Trust Global IPO Index Fund would join First Trust’s existing IPO ETF, the First Trust IPOX-100 Index Fund (AMEX: FPX). However, while FPX covers U.S. IPOs, the new fund would track international IPOs from around the world, including the U.S. The underlying index, like that of FPX, covers 100 recent initial public offerings.

The other fund in the filing would track an index from the International Securities Exchange that covers companies operating in the construction and engineering industries. The First Trust ISE Global Construction and Engineering Index Fund’s underlying index covers stocks that derive at least 70% of their revenues from construction or engineering activities. The index is weighted by modified market capitalization.

Read the prospectus for the First Trust Advisors ETFs in registration here.



Last Updated ( Thursday, 25 September 2008 17:22 )
 

Latest comments on this feature

1 Latest comments on this feature.

keep them comming

Posted by Ben Rud, on Friday, 26 September 2008

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