ETFInspector.com http://www.etfinspector.com/ ETFInspector en-us Claymore Retiring 11 ETFs http://www.etfinspector.com/articles/claymore_retiring_11_etfs Wed, 27 Feb 2008 18:38:33 -0500 Claymore will be liquidating 11 ETFs tomorrow, February 28th:
  • Claymore/BIR Leaders 50 ETF (BST)
  • Claymore/Robeco Boston Partners Large-Cap Value ETF (CLV)
  • Claymore/LGA Green ETF (GRN)
  • Claymore/KLD Sudan Free Large-Cap Core ETF (KSF)
  • Claymore/BIR Leaders Mid-Cap Value ETF (BMV)
  • Claymore/Clear Mid-Cap Growth Index ETF (MCG)
  • Claymore/BIR Leaders Small-Cap Core ETF (BES)
  • Claymore/IndexIQ Small-Cap Value ETF (SCV)
  • Claymore/Zacks Growth & Income Index ETF (CZG)
  • Claymore/Robeco Developed World Equity ETF (EEW)
  • Claymore/Clear Global Vaccine Index ETF (JNR)
Read their official statement for more details. ]]> http://www.etfinspector.com/articles/claymore_retiring_11_etfs John Hancock Financial Trends Fund Changes Name http://www.etfinspector.com/articles/john_hancock_financial_trends_fund_changes_name Sat, 24 Nov 2007 13:53:30 -0500 Diamond Hill Capital Management, who will be assuming administrative and advising duties as of December.]]> http://www.etfinspector.com/articles/john_hancock_financial_trends_fund_changes_name First Trust: Now with AlphaDex! http://www.etfinspector.com/articles/first_trust_now_with_alphadex Fri, 11 May 2007 22:41:36 -0500 Earlier this week, First Trust Portfolios L.P. debuted 16 new AlphaDEX enhanced index ETFs, as well as one REIT index fund. All the funds will have semiannual distributions.

  • Small Cap Core AlphaDEX Fund (FYX)
  • Mid Cap Core AlphaDEX Fund (FNX)
  • Large Cap Core AlphaDEX Fund (FEX)
  • Multi Cap Growth AlphaDEX Fund (FAD)
  • Multi Cap Value AlphaDEX Fund (FAB)
  • Technology AlphaDEX Fund (FXL)
  • Consumer Discretionary AlphaDEX Fund (FXD)
  • Materials AlphaDEX Fund (FXZ)
  • Industrials AlphaDEX Fund (FXR)
  • Utilities AlphaDEX Fund (FXU)
  • Health Care AlphaDEX Fund (FXH)
  • Consumer Staples AlphaDEX Fund (FXG)
  • Energy AlphaDEX Fund (FXN)
  • Financials AlphaDEX Fund (FXO)
  • Large Cap Value Opportunities AlphaDEX Fund (FTA)
  • Large Cap Growth Opportunities AlphaDEX Fund (FTC)
  • S&P REIT Index Fund (FRI)
]]> http://www.etfinspector.com/articles/first_trust_now_with_alphadex April New Fund Roundup http://www.etfinspector.com/articles/april_new_fund_roundup Sat, 28 Apr 2007 18:40:06 -0500 This past week saw the birth of four new funds. In alphabetical order, they are:

]]> http://www.etfinspector.com/articles/april_new_fund_roundup Claymore Launches 7 New ETFs http://www.etfinspector.com/articles/claymore_launches_7_new_etfs Wed, 04 Apr 2007 14:14:41 -0500 Earlier this week, Claymore Securities, Inc. launched seven new Exchange Traded Funds, tracking indices from Best Independent Research, Great Companies, Ocean Tomo, and Zacks Investment Research.

The seven funds are:

  • Claymore/BIR Leaders 50 ETF (BST)
  • Claymore/BIR Leaders Mid-Cap Value ETF (BMV)
  • Claymore/BIR Leaders Small-Cap Core ETF (BES)
  • Claymore/Great Companies Large-Cap Growth Index ETF (XGC)
  • Claymore/Ocean Tomo Growth Index ETF (OTR)
  • Claymore/Zacks Growth & Income Index ETF (CZG)
  • Claymore/Zacks Mid-Cap Core ETF (CZA)
]]> http://www.etfinspector.com/articles/claymore_launches_7_new_etfs First Trust Strategic High Income Fund III http://www.etfinspector.com/articles/first_trust_strategic_high_income_fund_iii Fri, 30 Mar 2007 23:46:13 -0500 Earlier this week, First Trust Portfolios debuted the First Trust Strategic High Income Fund III (FHO). Much like their Strategic High Income Fund (FHY) and Strategic High Income Fund II (FHI), this one is primarily concerned with high current income; secondary emphasis is on capital growth.

]]> http://www.etfinspector.com/articles/first_trust_strategic_high_income_fund_iii Eleven Nuveen Funds Changing Distribution Frequency http://www.etfinspector.com/articles/eleven_nuveen_funds_changing_distribution_frequency Fri, 02 Mar 2007 19:54:51 -0500 Nuveen Investments has announced that 11 of their taxable closed-end funds will be moving from a monthly distribution schedule to a quarterly distribution schedule in order to reduce administrative paperwork and costs. The last monthly distribution will be paid on April 1, 2007; the first quarterly distribution will be paid on July 1, 2007.

The funds affected are:

  • Nuveen Real Estate Income Fund (JRS)
  • Nuveen Preferred and Convertible Income Fund (JPC)
  • Nuveen Preferred and Convertible Income Fund 2 (JQC)
  • Nuveen Diversified Dividend and Income Fund (JDD)
  • Nuveen Tax-Advantaged Total Return Strategy Fund (JTA)
  • Nuveen Equity Premium Income Fund (JPZ)
  • Nuveen Equity Premium Opportunity Fund (JSN)
  • Nuveen Equity Premium Advantage Fund (JLA)
  • Nuveen Equity Premium and Growth Fund (JPG)
  • Nuveen Global Government Enhanced Income Fund (JGG)
  • Nuveen Global Value Opportunities Fund (JGV)
]]> http://www.etfinspector.com/articles/eleven_nuveen_funds_changing_distribution_frequency Claymore Launch Two New Equity ETFs http://www.etfinspector.com/articles/claymore_launch_two_new_equity_etfs Fri, 02 Mar 2007 00:14:16 -0500 Claymore Securities has launched two new exchange traded funds tracking Robeco indices.

The Claymore/Robeco Developed World Equity ETF (EEW) tracks the Robeco Developed World Equity Index. The fund has an expense ratio of 0.93% (limited to 0.65% through the end of 2009). Rebalancing is done monthly, with annual reconstitution and distributions.

The Claymore/Robeco Developed International Equity ETF (EEN) tracks the Robeco Developed International Equity Index. The fund has an expense ratio of 0.93% (limited to 0.65% through the end of 2009). Rebalancing is done monthly, with annual reconstitution and distributions.

]]> http://www.etfinspector.com/articles/claymore_launch_two_new_equity_etfs Nicholas-Applegate Equity & Convertible Income Fund http://www.etfinspector.com/articles/nicholasapplegate_equity__convertible_income_fund Thu, 01 Mar 2007 03:23:31 -0500 Debuting on the New York Stock Exchange earlier this week: the NACM Equity and Convertible Income Fund (NIE). Allianz Global Investors doesn't have any information on their website yet, but the prospectus and other information can be found on the EDGAR website.

As the name suggests, the fund will be investing in equity securities and income-producing convertible securities.

]]> http://www.etfinspector.com/articles/nicholasapplegate_equity__convertible_income_fund A Look At REIT Funds http://www.etfinspector.com/articles/a_look_at_reit_funds Tue, 27 Feb 2007 00:52:21 -0500 Real Estate Investment Trusts (REITs) are an investment vehicle allowing access to real estate income in stock form. REITs don't generally pay federal income tax, but instead pass most earnings onto shareholders as dividends. Given their easy accessibility, does it make sense to add another layer of bureaucracy (and expenses) by owning a REIT fund?

Maybe. There are almost 200 publicly traded REITs in the United States, and another 800 privately owned ones. Additionally, they can make their money in a variety of ways (and a variety of locations), from rental income to leveraged mortgages.

But perhaps the best argument for buying a REIT fund is if you can get it at a discount.

ING Clarion's Real Estate Income Fund (IIA) and Neuberger Berman's Real Estate Income Fund (NRL), Real Estate Securities Income Fund (NRO), Realty Income Fun (NRI) are all currently trading at discounts of 10-12%, with market yields of 4.7-7.3%. Each fund is diversified with 73-99 holdings (there is a fair amount of overlap between them, though). If you're not convinced that the real estate bubble is about to burst, these funds may be a good way to get real estate diversification at a discount.

Fund Price NAV Discount Yield
ING Clarion Real Estate Income Fund (IIA) $18.95 $20.95 9.55% 7.28%
Neuberger Berman Real Estate Income Fund (NRL) $29.09 $32.51 10.52% 4.74%
Neuberger Berman Real Estate Securities Income Fund (NRO) $18.98 $21.65 12.33% 6.32%
Neuberger Berman Realty Income Fund (NRI) $25.66 $28.84 11.03% 5.26%

Prices/yield as of February 26, 2007.

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