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ETF Watch: February 14 – February 20
Written by Matthew Hougan   
Thursday, 21 February 2008 19:00
  • 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 LISTINGS

ELEMENTS Commodities ETNs

Whoops … we forgot to mention two new exchange-traded notes last week. The ELEMENTS platform recently rolled out two commodities ETNs covering grains and biofuels on the American Stock Exchange.

The ELEMENTS MLCX Biofuels (AMEX: FUE) and the ELEMENTS MLCX Grains (AMEX: GRU) both track commodity futures indexes from Merrill Lynch. The biofuels ETN covers seven commodities used in the production of biofuels: barley, canola, corn, rapeseed, soybeans, soybean oil and sugar. The grains ETN covers just four commodities: corn, soybeans, soy meal and wheat.

The notes for both are issued by AB Svensk Ekportkredit (Swedish Export Credit Corporation). The Amex specialist unit is Susquehanna Investment Group. Both ETNs charge an annual expense ratio of 0.75%.

See the prospectus for FUE here.

See the prospectus for GRU here.

SPDRs Add Global Ex-U.S. Dividend ETF

The SPDR S&P International Dividend ETF (AMEX: DWX) began trading on the American Stock Exchange on February 19. Stocks eligible for inclusion in the underlying index must have a total market capitalization of at least $1.5 billion and have been profitable over the most recent 12-month period, among other screens.

The index essentially represents the top 100 growing non-U.S. stocks based on dividend yield. Its weighting methodology is described by S&P as “yield driven.” Because the initial universe is the S&P/Citigroup Broad Market Index, emerging markets represent nearly 10% of the total index. As a result, DWX is the only dividend ETF to include both emerging and developed markets. It charges 0.45% in annual expenses.

See the prospectus for DWX here.

NEW FILINGS

Solar Energy ETF

The new Claymore/MAC Global Solar Energy Index ETF aims to capture the rising interest in solar energy. The underlying index captures 25 companies from around the world involved in all stages of the solar power business, from gathering raw materials to manufacturing solar equipment to selling solar energy. Components are weighted based in part on the importance of solar energy to their business model, so that pure-play companies get more weight than conglomerates that dabble in solar energy.

There is no word yet on expenses.

The prospectus is available here.



 

Latest comments on this feature

1 Latest comments on this feature.

"As a result, DWX is the only dividend ETF to include both emerging and developed markets. It charges 0.45% in annual expenses."

My understanding is that PID--Powershares International Dividend Achievers ETF also includes emerging and developed market stocks. I remember reading about it in the past and have looked at the ETF holdings and it does appear to hold some emerging market companies.

Posted by Kenster, on Friday, 22 February 2008

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