etf
An ETF (Exchange-Traded Fund) is an investment fund that holds a collection of underlying assets, such as stocks or bonds, in a single pooled vehicle. ETFs allow investors to purchase a variety of different securities at once, providing greater diversification compared to owning individual assets. They are traded on stock exchanges like regular stocks, allowing for intraday trading at market prices. ETFs typically have lower fees than mutual funds and often passively track an index or sector, making them a popular choice for investors seeking a cost-effective way to invest in a diversified portfolio.
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Horizons AlphaPro Managed S&P/TSX 60 ETF, $8.33, symbol HAX on Toronto (Shares outstanding: 960,000; Market cap: $8.0 million), invests in stocks in the S&P/TSX 60 index using research based on technical, cyclical and sentiment indicators provided by Ron Meisels of Phases & Cycles Inc. Meisels contributes a weekly column, called “What the Charts Say” to The Globe & Mail. His research may include moving averages, trend lines, volumes, price patterns and point-and-figure charts. The ETF began trading on Toronto at $9.80 a unit on January 7, 2009. The ETF’s recent top-10 holdings were EnCana Corp. (6.8%), Research in Motion (6.3%), Barrick Gold (6%), Potash Corp. of Saskatchewan (5.2%), Goldcorp (4.5%), Canadian Natural Resources (4.3%), Suncor Energy (3.8%), Rogers Communications (3.7%), TransCanada Corp. (3.2%) and Royal Bank of Canada (2.9%). These holdings gave the ETF this sector breakdown: energy (24.1%), gold (16.2%), financials (13.3%), materials, excluding gold (10.3%), industrials (6.7%), information technology (6.3%), utilities (6.4%), cash (6%), telecommunications (3.7%), consumer discretionary (3.4%), consumer staples (2.6%) and health care (1%)....
ProShares Ultra Oil & Gas ETF, $28.41, symbol DIG on New York, (Shares outstanding: 23.3 million; Market cap: $662.9 million) seeks returns that correspond to twice (200%) the daily performance of the Dow Jones U.S. Oil & Gas Index. The ETF first sold shares to the public at $70 and began trading on New York in January, 2007. The ETF’s top 10 holdings are Exxon Mobil (34.9%), Chevron (13.1%), ConocoPhillips (6.4%), Schlumberger (4.7%), Occidental Petroleum (4.3%), Devon Energy (2.5%), Apache (2.3%), XTO Energy (1.9%), Marathon Oil (1.8%) and Anadarko Petroleum (1.6%). As a general rule, we advise against the kind of leverage used in ProShares Ultra Oil & Gas, just as we advise against options trading, currency speculation and bond trading. In all these activities, it’s a rare investor who makes enough profit to compensate for the risk involved. Our view is that if you like the outlook for a market index, you should invest in stocks that will profit from a rise in the index....
Claymore Investments, Inc., is the wholly owned Canadian subsidiary of Chicago-based Claymore Group Inc. The Canadian branch now offers five exchange-traded funds (ETFs) trading on the Toronto exchange. All of the funds aim to combine what Claymore sees as the advantages of passive investment in an index, along with active management to eliminate stocks from the index that it expects to perform poorly. The funds use varying degrees of mathematically formulated models or quantitative investment methodologies which the managers see as a systematic approach to equity selection, portfolio monitoring and portfolio management....