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FactorShares Files For Miners ETFs
September 07, 2012 at 07:00 AM EDT
Equity markets stalled the first few days this week as investors were reluctant to jump back into stocks ahead of the European Central Bank interest rate decision. Much to everyone’s surprise on Thursday, the ECB kept rates steady, although the announcement of the “outright monetary transaction” plan was able to bolster markets higher as investors embraced the proposed plan to ensure financial stability. Amid another low-volume week on Wall Street, RBS rolled out the US Large Cap Alternator ETN (ALTL) while FactorShares filed plans for a trio of mining ETFs [see also Why Bill Gross Thinks The Fed Is Ruining The Economy]. New York-based FactorShares is planning to round out its current suite of spread ETFs with equity-based mining funds [see SEC Filing]: PureFunds ISE Diamond/Gemstone ETF (GEMS): This ETF will look to provide exposure to the largest liquid companies involved in the gemstone industry, including companies that produce, explore and sell gemstones. The filing stated that as [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Equity markets stalled the first few days this week as investors were reluctant to jump back into stocks ahead of the European Central Bank interest rate decision. Much to everyone’s surprise on Thursday, the ECB kept rates steady, although the announcement of the “outright monetary transaction” plan was able to bolster markets higher as investors embraced the proposed plan to ensure financial stability. Amid another low-volume week on Wall Street, RBS rolled out the US Large Cap Alternator ETN (ALTL) while FactorShares filed plans for a trio of mining ETFs [see also Why Bill Gross Thinks The Fed Is Ruining The Economy]. New York-based FactorShares is planning to round out its current suite of spread ETFs with equity-based mining funds [see SEC Filing]: PureFunds ISE Diamond/Gemstone ETF (GEMS): This ETF will look to provide exposure to the largest liquid companies involved in the gemstone industry, including companies that produce, explore and sell gemstones. The filing stated that as [...]
