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Daily Roundup: Thursday, Nov. 20

Source: http://www.indexuniverse.com/sections/newsinfocus/4937-daily-roundup-thursday-nov-20.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rss
Posted on Thursday, November 20th, 2008 | In Exchange Traded Funds
Contributed by: IndexUniverse Staff (http://indexuniverse.com) -

 

 

Editor’s
Note: The following is a roundup of articles about ETFs, index funds and
indexes by sources other than IndexUniverse.com. Comments and suggestions are welcome through email
at:
mcoleman@indexuniverse.com
or mhougan@indexuniverse.com
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GLD Now
Has Bigger Gold Cache Than Japan

Gold holdings in exchange-traded funds rose 150
tons in the third quarter, compared with an increase of 4 tons in the previous
quarter and 139.5 tons in the same period a year ago, according to industry
research compiled by Dow Jones Newswires.

The most popular gold ETF, the SPDR Gold Trust
(NYSE: GLD), was the biggest draw for that new money, the report added. The
surge in buying pushed GLD’s holdings to more than 770 tons in October, a cache
“that exceeds the official holdings of Japan, which has the world’s
seventh-biggest gold reserves,” the story noted.

For a broader view of what’s going on in gold
markets, you can read the full article here.

Swiss
Investors Flocking To ETFs

More costly and complicated investment products
are out-of-favor with European investors, reports the Wall Street Journal. “Spooked by complicated and often expensive
financial products, many of Europe’s private-client investors are piling into
exchange-traded funds as they dump exposure to structured products. That trend
is being felt particularly acutely in Switzerland,” writes reporter Tara Loader
Wilkinson.

She notes that the Swiss stock exchange figures
demand for ETFs grew more than 90% in October compared with the previous month,
bringing the amount invested in them to 7.6 billion Swiss francs ($6.3
billion).

Those with WSJ subscriptions can read the full
account here.

Jane
Bryant Quinn: Investors Wrong On Munis

In her latest Bloomberg
column,  the renowned financial writer
notes that investors “poured a net of $20 billion into municipal funds this
year. Then, in late September, they changed their minds. So far this quarter,
$7.4 billion has fled the scene.”

Of course, those moves didn’t
prove to be very good timing decisions. “Investors may have jumped out of their
tax-exempt bond funds at just the wrong time,” Quinn wrote.  She goes on to track the recent moves of
munis as a whole and does a nice job of looking at all sorts of exchange-traded
funds as well as other types of investments.

You can check the story out here.

How Progressive Is Global Transport ETF?

Gary Gordon takes an interesting
peek underneath the hoods of the PowerShares Global Progressive Transportation
ETF (Nasdaq: PTRP) on Seeking Alpha.

The long-time advisor compares it
with the iShares Dow Jones Transports (NYSE: IYT). It’s a short review but
winds up pointing out that investors might want to avoid “cutesy”  funds. 
Whether you agree with his conclusions or not, Gordon has an obvious
message - know what you’re really buying!

You can read his story here.

Actively Managed REIT ETF

An article on TheStreet.com looks
at the launch this week of the PowerShares Active U.S. Real Estate Portfolio, which will trade on the NYSE
under the ticker PSR.

Besides launching as the
industry’s first actively managed REIT ETF, PSR will be managed by Invesco’s
institutional team that has a long history of managing real estate portfolios,
the article notes.

It’s not a new story. We actually
previewed the new fund ourselves at IU.com. But with its launch now coming,
more stories are bound to come. TheStreet’s take can be viewed here.


 

Last 5 posts by IndexUniverse Staff





About IndexUniverse Staff (http://indexuniverse.com)
IndexUniverse encompasses the world of indexing and beyond. Our website and related subsites cover product and market developments related to index funds, exchange-traded funds (ETFs), index derivatives (futures / options / swaps), and the sophisticated investment strategies which use these financial tools. Our goal is to provide the industry's best news, columns, research, and features about the dynamic field of index-based investing and trading. Industry professionals, individual investors, business/finance students and academic researchers will find various features targeting their interests and needs. We also provide valuable tools and data to assess markets and investment products, and specialized discussion boards for our registered members to exchange cutting-edge ideas and market views. We aim to be educational, thought-provoking, and most importantly, rigorously independent in our perspective.

The development of IndexUniverse was a global effort, originally led by Steven Schoenfeld and Jim Wiandt, supported by John Spence and a diverse team in the U.S., Europe and Latin America, and enhanced by editorial contributors from around the world. The site is now managed solely by Jim Wiandt and the global Index Publications LLC team. The site was originally started by Steven as a data and information complement to his book, Active Index Investing, published by Wiley Finance in July 2004. As he recognized the need and potential for such a resource, in August 2003, Steven partnered with Jim, who as editor of The Journal of Indexes similarly recognized the industry's need for timely, useful and independent information on products and markets.

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