ETF Trends
04-09-2008, 05:50 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/09/3729790263.jpeg (http://etftrends.typepad.com/photos/uncategorized/2008/04/09/3729790263.jpeg) The exchange traded fund (ETF) industry has a new provider. It's Chicago-based Northern Trust, and the launch of their funds have been anticipated since last winter.
Murray Coleman for Index Universe reports (http://www.indexuniverse.com/sections/breaking-news/10/3941-first-pair-of-northern-trust-etfs-set-to-launch.html) gives the lowdown on the first batch of funds, which will have an expense ratio of 0.47%:
NETS FTSE 100 Index Fund (LDN (http://finance.yahoo.com/q?s=ldn)): Invests in the largest companies by market-cap on the London Stock Exchange.
NETS S&P/ASX 200 Index Fund (AUS (http://finance.yahoo.com/q?s=aus)): It will compete against the iShares MSCI Australia (EWA (http://finance.yahoo.com/q?s=ewa)), which is one of the oldest international ETFs around. Four more ETFs will follow soon:
NETS DAX Index Fund (DAX): Tracks the major exchange in Germany.
NETS TOPIX Index Fund (TYI): Covers Japan
NETS CAC-40 Index Fund (FRC): Tracks France's market
NETS Hang Seng Index und (HKG): Follows stocks in Hong Kong Missing from the list are Northern Trust's anticipated entries into the all-world ETF segment, which was recently joined by both Vanguard and iShares (http://www.etftrends.com/2008/04/core-index-etfs.html).
The timing of the France-focused single country ETF could bring good things, as France's economy has been holding up well against the international credit crisis. Helen Beresford for Thomson Financial News reports (http://www.forbes.com/markets/feeds/afx/2008/03/26/afx4815479.html) that on the flip side, the GDP growth forecast was cut by the government to between 1.7-2%. The iShares MSCI France (EWQ (http://finance.yahoo.com/q?s=ewq)) is up 8.7% in the last month, although it's down 5.4% year-to-date.
The German economy has been growing, but it needs to make changes if that growth is going to continue. Paul Carrel for Reuters reports (http://www.guardian.co.uk/feedarticle?id=7448846) that the German economy needs reform to refresh the labor market and education systems, both vital parts of the country's economy. The iShares MSCI Germany (EWG (http://finance.yahoo.com/q?s=ewg)) is up 6.9% in the last month, but it's down 9% year-to-date.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/267292747/northern-trusts.html)
http://www.etftrends.com/images/2008/04/09/3729790263.jpeg (http://etftrends.typepad.com/photos/uncategorized/2008/04/09/3729790263.jpeg) The exchange traded fund (ETF) industry has a new provider. It's Chicago-based Northern Trust, and the launch of their funds have been anticipated since last winter.
Murray Coleman for Index Universe reports (http://www.indexuniverse.com/sections/breaking-news/10/3941-first-pair-of-northern-trust-etfs-set-to-launch.html) gives the lowdown on the first batch of funds, which will have an expense ratio of 0.47%:
NETS FTSE 100 Index Fund (LDN (http://finance.yahoo.com/q?s=ldn)): Invests in the largest companies by market-cap on the London Stock Exchange.
NETS S&P/ASX 200 Index Fund (AUS (http://finance.yahoo.com/q?s=aus)): It will compete against the iShares MSCI Australia (EWA (http://finance.yahoo.com/q?s=ewa)), which is one of the oldest international ETFs around. Four more ETFs will follow soon:
NETS DAX Index Fund (DAX): Tracks the major exchange in Germany.
NETS TOPIX Index Fund (TYI): Covers Japan
NETS CAC-40 Index Fund (FRC): Tracks France's market
NETS Hang Seng Index und (HKG): Follows stocks in Hong Kong Missing from the list are Northern Trust's anticipated entries into the all-world ETF segment, which was recently joined by both Vanguard and iShares (http://www.etftrends.com/2008/04/core-index-etfs.html).
The timing of the France-focused single country ETF could bring good things, as France's economy has been holding up well against the international credit crisis. Helen Beresford for Thomson Financial News reports (http://www.forbes.com/markets/feeds/afx/2008/03/26/afx4815479.html) that on the flip side, the GDP growth forecast was cut by the government to between 1.7-2%. The iShares MSCI France (EWQ (http://finance.yahoo.com/q?s=ewq)) is up 8.7% in the last month, although it's down 5.4% year-to-date.
The German economy has been growing, but it needs to make changes if that growth is going to continue. Paul Carrel for Reuters reports (http://www.guardian.co.uk/feedarticle?id=7448846) that the German economy needs reform to refresh the labor market and education systems, both vital parts of the country's economy. The iShares MSCI Germany (EWG (http://finance.yahoo.com/q?s=ewg)) is up 6.9% in the last month, but it's down 9% year-to-date.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/267292747/northern-trusts.html)