US-Listed ETFs Sorted by Asset Class and Year-to-Date Return

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InsideIndexing inaugural conference BUIlDIng Better BetA 2011 InsideCommodities InsideETFsEurope InsideIndexing InsideCommodities InsideETFsEurope InsideIndexing For more InFormAtIon: www.InsideIndexingConference.com /etFr From the producers of: InsideETFs InsideETFsEurope InsideCommodities October 17-18, 2011 InsideETFs the ritz-carlton • philadelphia, pa InsideETFs Designed specifically for InstItutIonal Investors Featured speakers: InsideIndexing InsideETFsEurope John C. Bogle Founder of The Vanguard Group, Inc., President, Vanguard’s Bogle Financial Markets Research Center george InsideETFs F. Will Pulitzer Prize-Winning Columnist, Journalist & Author } For speaking opportunities, please contact: Allison Jones at 415-659-9012 or ajones@IndexUniverse.com Presented by: } For sponsorship opportunities, please contact: Don Friedman at 415-659-9009 or dfriedman@IndexUniverse.com
UPDATES Index Publications LLC 353 Sacramento Street, Suite 1520 San Francisco, CA 94111 Publisher Jim Wiandt 415 659 9007 Fax 415 659 9005 jwiandt@indexuniverse.com Editor Matt Hougan mhougan@indexuniverse.com Managing Editor Cory Banks cbanks@indexuniverse.com Copy Editor Lisa Barr lbarr@indexuniverse.com Art Director Jeannine Gaubert Pamoukdjian jpamoukdjian@indexuniverse.com Online Production Manager Juan Calderon jcaldero@indexuniverse.com Director of Advertising Don Friedman 415 659 9009 dfriedman@indexuniverse.com SUBSCRIPTION INFORMATION The introductory rate to subscribe to ETFR is $279 annually. Subscribe by contacting Steve Kimball at skimball@fa-mag.com or by calling 732.450.8866, ext. 12. COPYRIGHT STATEMENT © 2011 Index Publications LLC. All rights reserved. The text, images and other materials contained or displayed are proprietary to Index Publications LLC, except where otherwise noted, and constitute valuable intellectual property. No material from any part of any Index Publications LLC publication, product, service, report, e-mail or Web site may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of Index Publications LLC. For permission to photocopy and use material electronically, please contact reprints@indexuniverse.com or call 415-659-9004. the SEC not being comfortable granting exemptive relief to a firm that already has such a large presence in the world of indexing. At the end of May, Russell followed up the initial launch with the rollout of 10 more ETFs tracking “factor-based” versions of the Russell 1000 and Russell 2000. Guggenheim Unveils Active Bond ETFs Guggenheim Funds entered the actively managed ETF space in May with the launch of two bond funds that target core exposure as well as an investor’s need for income. The Guggenheim Enhanced Core Bond ETF (NYSE Arca: GIY) and the Guggenheim Enhanced Ultra-Short Bond ETF (NYSE Arca: GSY) are currently the cheapest actively managed fixed-income ETFs available. GIY aims to outperform the Barclays Capital U.S. Aggregate Bond Index using a quantitative strategy that seeks to both identify mispriced bonds and estimate future returns linked to a correction in those mispricings. Guggenheim’s other offering, GSY, focuses on the short end of the yield curve and seeks to outperform the oneto three-month Treasury Bill Index. The fund seeks “maximum income” and invests primarily in dollar-denominated investment-grade government and corporate bonds, but it may include some foreign debt as well. The two new Guggenheim ETFs have annual expense ratios of 0.27 percent. VelocityShares Adds iShares’ Parsons To Board VelocityShares, the new ETN company known for its volatility-linked products, in May named to its board J. Parsons, who was previously global head of iShares sales while it was part of Barclays Global Investors. VelocityShares first entered the ETP market with the launch of six VIX-based ETNs in November 2010, among them the VelocityShares Daily 2X VIX Short- Term ETN (NYSE Arca: TVIX). The company said its family of ETNs has since amassed about $180 million in assets. Parsons, who led iShares’ global business development from its inception through its sale to BlackRock, said he is “thrilled” to help the company continue to grow. VelocityShares’ lineup of VIX-linked ETNs includes leveraged as well as inverse strategies. It said TVIX now trades more than 1 million shares a day, and is one of the most liquid ETPs launched in the last six months. Parsons left BlackRock in 2010. Global X ETF Trades Free On Interactive Interactive Brokers began offering free trades on ETFs sponsored by New Yorkbased Global X in May. Terms of the agreement weren’t disclosed. The free-trading offer is the latest sign of competition in the rapidly growing world of ETFs. The most conspicuous price battle is between Vanguard, the No. 3 U.S. ETF firm, and discount broker Schwab, with both firms offering free trades to clients trading their respective proprietary ETFs. Additionally, Scottrade is offering free trades on a new lineup of 15 equity funds it rolled out in March. Interactive Brokers and its affiliates execute almost 1 million trades per day on a variety of electronic products, among them stocks, options, futures, foreign exchange and bonds, according to the company’s website. The company’s mission is to create technology and provide liquidity on better terms. Global X has gathered almost $1.7 billion in assets spread among well over 30 funds; it rolled out its first ETF in February 2009. First Trust Rolls Out First-Ever Auto ETF In May, First Trust rolled out the world’s first ETF focused on automobile manufacturers, in part as a reflection of high hopes in the investment world that the emerging markets will power global growth in the coming years. The First Trust Nasdaq Global Auto Index Fund (NasdaqGM: CARZ) is based on the Nasdaq OMX Global Auto Index, a benchmark designed to track the performance of the biggest and most liquid companies engaged in the auto manufacturing industry. The ETF has an an- ETFR • July 2011 3
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Page 9 and 10: Rethinking Float By Gene Koyfman Co
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US-Listed ETFs Sorted by Asset Class and Year-to-Date Return

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