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ETF Watch: January 16 – January 24
Written by Matthew Hougan   
Friday, 25 January 2008 07:45
  • Page 1: New ETF listings and new ETFs in registration
  • 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 FUNDS

Greenhaven’s Old-School Commodities ETF

Atlanta-based GreenHaven Commodity Services launched an ETF on January 24 tied to an old iteration of the popular CRB Commodity Index. The GreenHaven Continuous Commodity Index ETF (AMEX: GCC) charges 0.85% in annual fees.

The ETF tracks the Continuous Commodity Total Return Index, an equal-weighted portfolio with 17 commodity futures covering everything from corn, wheat and soybeans to cattle and lean hogs. The index is the same as the popular CRB commodity index as it existed prior to a 2005 reformulation. The distinguishing factor of the ETF is its equal-weighted methodology, which gives the ETF less of a reliance on energy than competing ETFs. As a result, it has lower annual returns … but much lower standard deviation … than competing indexes.

In-depth coverage is available here
.
The prospectus is available here.

Invest In Gambling; Don’t Gamble With Your Investments


Van Eck Global recently launched the first gaming (aka gambling) ETF this week. The Market Vectors Gaming ETF trades on the American Stock Exchange under the symbol BJK. It charges a 0.65% expense ratio.

The new fund tracks the S-Network Global Gaming Index, which covers 69 companies domiciled around the world that are involved in the gaming industry.

The fund’s underlying index covers stocks in such categories as Casinos and Resorts (38.8%), Technology (31.2%), Sports and Race Books (22.4%), Horse
Racing (5.0%) and Online Gaming (2.6%). Its largest company, International Game Technology, has a weighting of 10.55%.
The index was up 5.96% in 2007 and has a five-year annualized return of 24.98%. Its three-year correlation with the S&P 500 is a low 0.73.

Complete coverage is available here
.
The prospectus is available here.

NEW ETF LISTINGS

Fund Ticker Exchange

ER

Inception Asset Class
GreenHaven Continuous Commodity Index GCC AMEX 0.85% 1/24/08 Commodities - General
Market Vectors Gaming ETF BJK AMEX 0.65% 1/24/08 Consumer Discretionary

NEW LISTINGS

ALPS Global Realty


A new ETF provider has filed papers with the SEC to launch a global realty ETF. ALPS ETF Trust, which filed its exemptive relief application, has filed its first prospectus, for the Cohen & Steers Global Realty Majors ETF.

The fund will hold a focused, 75-stock portfolio of real estate companies around the world. Companies must have a market capitalization of at least $1 billion.

The ETF will use qualitative screens for strength of management, strength of market position, soundness of capital structure, quality of real estate portfolio and focus on ownership of real estate.

There is no word yet on expenses or listing sites.
The prospectus is available here




 

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