This has been some week for new ETFs, howyadoin?
iShares listed five new global sector ETFs. iShares has five others so I guess the rounds it out.
The five are;
iShares S&P Global Materials (MXI) which is 76% foreign and oddly seem to have two different listings (different countries it seems) of BHP Billiton totaling 7.8% of the fund.
iShares S&P Global Consumer Discretionary (RXI) which is 50% foreign and is heavy in auto stocks.
iShares S&P Global Consumer Staples (KXI) which is 44% foreign and looks, at first glance, like it will pay a pretty good dividend.
iShares S&P Global Industrial (EXI) which is 43% foreign and may be worth considering if for nothing else its relatively small weight to General Electric (GE) at 15.66%.
iShares S&P Global Utilities (JXI) which is 60% foreign.
I will look at these closer. I have used the other iShares Global ETFs in accounts where ETFs are the best tool, have wanted these five to come for a while and hopefully after further review I can find a use for them but I will study that later.
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5 comments:
I would like to get examine these new etf hybrids, but without at least 200 days of data not a chance. Your verbal analysis will be well worthwhile, but darn, without more data points it remains something to tuck away.
I'm waiting for the "Global Companies with more than 2 consonants and 3 vowels" ETF.
Hey, I'm being a little silly because I really DO like all these ways to invest in sectors. It's amazing how many of these ETFs are being rushed to market. I guess if we're being contrarian, now would be the time to buy a managed mutual fund...
what about syntax ETFs?
other ideas...
"companies that are hard to pronounce" ETF
"companies with a female CEO" ETF
"companies investors most often mistakingly buy when they transpose letters in the ticker symbol" ETF.
I too have thought about the "companies investors most often mistakingly buy when they transpose letters in the ticker symbol" ETF.
But practically speaking, the turnover would be so high it would negate the tax advantage of low turnover usually associated with ETFs.
Ahem.
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