Reluctant to let Fidelity
] have all the fun, BlackRock
] iShares filed for 14 actively traded currency ETFs, Barrons'
Johanna Bennett writes. Currency ETFs make up a very small part of the market, at 1 percent of ETF assets, Bennett reports, with DWS Investment's[profile] Guggenheim
dominating the space.
Bennett quotes S&P Capital IQ analyst Todd Rosenbluth, who said "However to date, few investors have made much use of this ETF investment style in comparison to gaining exposure to the S&P 500 Index or the Barclays Aggregate Bond index through ETFs offered by iShares. That said, with iShares strong product lineup, well-known brand and broad distribution capabilities, we expect the asset base for currency ETFs to increase…"
Morningstar analyst Robert Goldsborough discussed ETFs using M&As to their advantage this summer, Teresa Rivas of Barrons
writes. M&A ETFs can track an index taking a long position in a takeover target and short the acquiring company, Riva writes. Credit Suisse Merger Arbitrage Index ETN
is one such strategy. Another strategy is a partial equity hedge, which would track an index taking long positions in deal targets and broadly short the global equity markets, such as IQ Merger Arbitrage ETF
, which launched in 2009.
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