Hmm, more developments in ETF land: iShares has filed registration statements for some MSCI country funds we haven’t had before: Chile, Israel, Thailand, and Turkey. Also a BRIC fund - but they aren’t first on that one.
Claymore has filed a “Global Luxury” ETF. Unclear exactly what that means. Maybe you get some caviar with every trade? Perhaps you get a discount on the Maybach for every 100 shares you own - seems like every time i open the WSJ, there is an ad for the Maybach, a $350k automobile. Nice.
First Trust has a new “Chindia” fund. Guess what 2 countries it covers? Now trading as FNI. They also have a new water fund, FIW. Click here to see what these new ETFs are all about.
And Claymore now working with Morningstar to get more broad based ETFs into the stable as opposed to their extremely targeted and niche ETFs. Good stuff.
Fun times ahead!
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