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Study: Affluent U.S. investors keen on ETFs

A U.S. study indicates that ETFs are very popular with affluent investors. The study conducted in February by Phoenix Marketing International shows that 20% of affluent investors own ETFs and 7% are going to be seeking them out in March. What is even more significant is that 29% of respondents say they will be increasing […]

By John Powell |March 2, 2010

1 min read

ETF tax advantages

The three key characteristics that make exchange–traded funds (ETFs) tax-efficient are easily defined. They are: Index-based ETFs have extremely low turnover. Transactions trigger gains taxable in the hands of unit holders. The redemption of ETFs allows for in-kind transfers, allowing sponsors to transfer out the lowest cost shares without incurring tax. This maintains the adjusted-cost […]

By Mark Yamada |March 1, 2010

4 min read

Jovian buys into Aussie ETF firm

Jovian Capital is hoping to transform Horizons BetaPro a global player in the ETF marketplace. The company and its subsidiary BetaPro Management Inc. have completed an equity investment in BetaShares Holdings Pty Ltd., a private Australian holding company. BetaPro is the manager of the Horizons BetaPro exchange traded funds. Jovian has bought a 40% equity […]

By John Powell |March 1, 2010

1 min read

Direxion adding two new ETFs

Direxion Shares is adding two new ETFs to its array of leveraged funds. The new bond ETFs will give investors exposure to three times the daily performance of two-year Treasuries. The Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) seeks 300% of the daily performance of the NYSE Arca Current 2-Year U.S. Treasury Index, a […]

By John Powell |February 26, 2010

1 min read