July 12, 2011 at 07:00 AM EDT
Cloud Computing ETF: The SKYY’s The Limit
The last several years have seen no shortage of firsts in the ETF industry. The size of the ETF roster is quickly approaching 1,300 products, thanks in large part to impressive innovation from more than three dozen different issuers. While some of the new launches have been duplicative in nature, the vast majority of the new additions are first-to-market ideas offering exposure to asset classes or investment strategies that weren’t previously available in the exchange-traded wrapper. The list of firsts from the first half of this year alone is mind-boggling; we’ve seen Canadian preferred stock (CNPF),mid cap Japanese stocks (RSUN), and an ETN focusing on Business Development Companies (BDCS), just to name a few. Last week saw yet another first that some though would never come–and perhaps the most successful new ETF launch of 2011 to date; First Trust debuted an exchange-traded product designed to give investors exposure to the [...] Click here to read the original article on ETFdb.com. Related Posts: Up In The Clouds: First Cloud Computing ETF Debuts WisdomTree Stuffs New Ideas Into ETF Pipeline June ETF Roundup: Launches, Filings, and Closures ETF Pipeline: Nigeria Fund, Cloud Computing ETF On Tap Direxion Details Three Non-Leveraged ETFs
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