2009

Nov
21

Биржевые индексные фонды – Exchange Traded Funds (ETF)

Биржевые индексные фонды – Exchange Traded Funds (ETF)Биржевые индексные фонды – Exchange Traded Funds (ETF)


ETF is a security, which is traded, as the ordinary shares in major world markets. Parts ЕТF may be securities of companies of any region or industry, like mutual funds. Working with ЕТF, the trader can combine the security and smooth operation of the main world stock exchanges with the ability to use a wide variety of financial conditions in various countries and regions of the world.

For legal classification, ETFs are classified as mutual funds and fall under the same rules of the securities Commission, USA (SEC), as traditional mutual Funds. However, their peculiar structure is provided unlike the SEC requirements in part, regarding the purchase and sale. ETFs differ from mutual funds the, apply for operations with conventional mutual funds are on the market in the daytime, but the execution of such operations, as a rule, made before market close. Appointed for him the price represents the total cost of the daily closing prices of all assets, included in this mutual Fund. In the case of ETF, everything is different. Bidding for these funds last all day, and the investor has the opportunity at any time to fix prices for the relevant assets.

The reliability of the ETF as a tool for stock market (apart from considering the reliability of any specific asset, they can present) should be considered just as well, like any certificate of the securities. In its content ETF is much more complex tool, than mutual funds. At the same time, an interesting combination of participants in a particular market, presented brokers, financial managers and market analysts makes working with them simple.

If you recognize, what ETF are still index funds, it encourages investors to delve deeper into the philosophy of investing in indexes, to downplay the importance of stock picking in favor of total purchases or sales of the market. And unlike most traditional index funds, investors need not take a passive "buy – hold" position. ETFs increasingly become an attractive hedging tool for intraday traders. Both types of investors coexist in the market, in fact, reinforcing the position of each lower overall operating costs.

The number of ETFs is large and amounts to many hundreds. But not all of them liquid.
Here we present a list of the most popular ЕТF.

The most popular ETF

The name of the FundTickerCategory of Fund
Bonds
20-year government bondsTLTBonds
20-year government bonds X2 DropTBTBonds
Bonds risky (garbage)JNKBonds
Bonds risky (garbage)HYGBonds
State short-term bonds (1-3 year)SHYBonds
The state bonds over short-term (T-Bills)TIPBonds
Bonds corporate (different sectors invest. rating)AGGBonds
Sector economies
The telecommunications sectorIYZThe telecommunications sector
The utilities sectorXLUThe utilities sector
The insurance sectorKIEThe insurance sector
Sector pharmaceutical companiesPPHSector pharmaceutical companies
The health sectorXLVThe health sector
Sector manufacturers of equipment for the oil industryIEZSector manufacturers of equipment for the oil industry
Sector water companiesPHOSector water companies
Sector agricultural companiesMOOSector agricultural companies
The Semiconductor Manufacturing IndustrySMHThe semiconductor manufacturing industry
The semiconductor manufacturing industry X2 – GrowthUSDThe semiconductor manufacturing industry
The Energy sector 3 – DropERYThe energy sector
The commodity sectorIYMThe commodity sector
The commodity sectorXLBThe commodity sector
The sector of raw materials 2 – DropSMNThe commodity sector
The sector of raw materials 2 – GrowthUYMThe commodity sector
Index of companies “clean” energyPBWThe energy sector
The solar energy sector of the worldTANThe energy sector
The energy sectorXLEThe energy sector
The energy sector 3 – GrowthERXThe energy sector
The Energy sector of the USAIYEThe energy sector
The U.S. KBW banksKBEThe financial sector
The U.S. regional banksRKHThe financial sector
The U.S. regional banks, KBWKREThe financial sector
Sector Broker-dealers in the United StatesIAIThe financial sector
Sector prof. stock market participantsKCEThe financial sector
Sector regional banksIATThe financial sector
The financial services sectorIYGThe financial sector
The financial sectorXLFThe financial sector
The financial sectorIYFThe financial sector
The financial sectorVFHThe financial sector
The financial sector 2X – DropSKFThe financial sector
The financial sector 2X GrowthAYGThe financial sector
Financial sector 3 – DropFAZThe financial sector
Financial sector 3 – GrowthFASThe financial sector
Natural resources
Raw 2DYYRaw 2
Commodity marketsDBCCommodity markets
The stock exchange index basket of agricultural. productsDBAThe stock exchange index basket of agricultural. products
Raw materials and exchange of global goodsRJARaw materials and exchange of global goods
Raw materials and commoditiesGSGRaw materials and commodities
Industrial metals (Zinc, aluminium, copper)DBBIndustrial metals
Agricultural. Products 2DAGAgricultural. products
Gasoline (USA)UGAGasoline (USA)
CoalKOLCoal
SteelSLXSteel
SilverSLVSilver
Gold X2GLDGold
Gold X2 – DropDZZGold
Natural gas (USA)UNGGas, oil+gas
The oil and gas sector 2 – FallDUGGas, oil+gas
The oil and gas sector 2 – GrowthDIGGas, oil+gas
OilOILOil
OilDBOOil
Oil (USA)USOOil
Oil X2 – GrowthDXOOil
Oil X2 – DropSCOOil
Oil X2 – GrowthUCOOil
Country ETF
Index stock AustriaEWOOther country
Stock index BelgiumEWKOther country
The German stock indexEWGOther country
Stock index Hong KongEWHOther country
Stock index of IndiaINPOther country
The stock index of SpainEWPOther country
Equity index ItalyEWIOther country
Equity index Latin America S&P Latin America 40ILFOther country
Stock index MalaysiaEWMOther country
The stock index of MexicoEWWOther country
Index of the NetherlandsEWNOther country
Index of Oceania (without Japan)EPPOther country
The stock index of RussiaRSXOther country
The stock index of SingaporeEWSOther country
The stock index of the United KingdomEWUOther country
The stock index of TaiwanEWTOther country
Stock index FranceEWQOther country
The index of the Swiss stockEWLOther country
Stock index SwedenEWDOther country
The stock index of South AustraliaEWAOther country
The stock index of South KoreaEVEOther country
Index of the Brazilian stockEWZOther country
Index of Indian stock “The tree of wisdom”EPIOther country
The index of Chinese stocks (FTSE/Xinhua China 25)FXIOther country
The index of Chinese stocks (FTSE/Xinhua China 25) X2 – DropFXPOther country
The index of Japanese stocksEWJOther country
Index DJADIAU.S.
Index Nasdaq-100QQQQU.S.
The S&P500SPYU.S.
The S&P500 X2 DropSSOU.S.
Global ETF
New Frontier Global Dynamic Balanced IndexPCAGlobal ETF
Index 1000 the largest non-us companies (index the Bank of New York Europe 100 ADR)PEFGlobal ETF
The Nasdaq-100 Index FallingQIDGlobal ETF
Index Russel (stock “growth”)IWPGlobal ETF
Index Russel 1000 (Stock “growth”)IWFGlobal ETF
Index Russel 2000 (Stock “growth”)IWOGlobal ETF
The S&P 500 stock “growth”IVWGlobal ETF
The Asian ADR index (index the Bank of New York Asia 50 ADR)ADRAGlobal ETF
Index of Asian stocks S&P Asia 50AIAGlobal ETF
Index “growth”VUGGlobal ETF
Index “growth” mid-cap MidCap 400IJKGlobal ETF
The stock index around the world (without the United States)VEUGlobal ETF
The index of stocks of developed countries (without the United States) (MSCI EAFE)EFAGlobal ETF
The U.S. funds enclosed type (index the Claymore CEF Index)GCEGlobal ETF
The European ADR index (index the Bank of New York Europe 100 ADR)ADRUGlobal ETF
Index of European stock S&P Europe 350IEVGlobal ETF
Index European emerging markets S&PGURGlobal ETF
The index of developed countries (without the United States)VEAGlobal ETF
Fond of leading European companies (the Dow Jones Euro Stoxx 50)FEZGlobal ETF
Fond of leading European companies (the Dow Jones STOXX 50)FEUGlobal ETF
Fond of leading European companies (the MSCI Europe index)VGKGlobal ETF
Fond of leading European companies, within the Economic and monetary Union (the MSCI EMU)EZUGlobal ETF
Fond of leading European companies, traded on the US marketEKHGlobal ETF
The Foundation of leading companies in Oceania (the MSCI Pacific)VPLGlobal ETF
Money market FundUEMGlobal ETF
Fund high-risk (the S&P Target Risk Aggressive)AOAGlobal ETF
The Fund's low risk (the S&P Target Risk Moderate)AOMGlobal ETF
The Fund moderate risk (the S&P Target Risk Growth)AORGlobal ETF

 

The whole world

The whole world

The name of the FundMarkingDay. turnoverAssets, $
Popular global ETF
Market Vectors AgribusinessAMEX: MOO1M944M
iShares S&P Global 100 IndexNYSE: IOO281K893M
Popular ETF emerging markets
Vanguard Emerging Markets StockAMEX: VWO3.6M5.9B
BLDRS Emerging Markets 50 ADR IndexNasdaq: ADRE500K505M
iShares MSCI Emerging Markets IndexAMEX: EEM12K23M
Popular ETFs of the BRIC countries
Claymore/BNY BRICNYSEArca: EEB430K610M
SPDR S&P BRIC 40AMEX: BIK230K189M
Popular ETFs of other countries
Brazil
iShares MSCI Brazil Index
AMEX: EWZ19M5.66B
Mexico
iShares MSCI Mexico Index Mkt Invstbl
AMEX: EWW3.5M904M
Canada
iShares MSCI Canada Index
AMEX: EWC2.2M1.72B
ЮАР
iShares MSCI South Africa Index
AMEX: EZA360K370M
Latin America
iShares S&P Latin America 40 Index
AMEX: ILF2.7M2.23B

Europe

Европа ETF

The name of the FundMarkingDay. turnoverAssets, $
Популярные ETF Европы
iShares S&P Europe 350 IndexNYSEArca: IEV720k1.60B
iShares MSCI EMU IndexNYSEArca: EZU596k953.51M
Vanguard European StocksNYSEArca: VGK489k2.13B
SPDR DJ Euro STOXX 50NYSEArca: FEZ232k224.10M
Популярные ETF cтран Европы
Russia
Market Vectors Russia ETF
NYSEArca: RSX1,770k861.27M
Germany
iShares MSCI Germany Index
NYSEArca: EWG1,100k601.16M
UK
iShares MSCI United Kingdom Index
NYSEArca: EWU957k748.44M
Italy
iShares MSCI Italy Index
NYSEArca: EWI285k156.92M
Austria
iShares MSCI Austria Index
NYSEArca: EWO286k184.46M
Switzerland
iShares MSCI Switzerland Index
NYSEArca: EWL277k385.53M
France
iShares MSCI France Index
NYSEArca: EWQ251k294.61M
Sweden
iShares MSCI Sweden Index
NYSEArca: EWD213k188.38M
Spain
iShares MSCI Spain Index
NYSEArca: EWP203k342.39M
Голландия
iShares MSCI Netherlands Index
NYSEArca: EWN109k191.01M

Азия

Азия ETF

The name of the FundMarkingDay. turnoverAssets, $
Популярные ETF Азии
iShares MSCI Pacific ex-JapanAMEX: EPP823K2.60B
Vanguard Pacific Stock ETFAMEX: VPL584K1.45B
SPDR S&P Emerging Asia PacificAMEX: GMF40K163.7M
iShares S&P Asia 50 IndexNYSE: AIA40K36.00M
Популярные ETF cтран Азии
China
iShares FTSE/Xinhua China 25 Index
NYSE: FXI32M6.12B
Japan
iShares MSCI Japan Index
AMEX: EWJ29M6.66B
Тайвань
iShares MSCI Taiwan Index
AMEX: EWT15M2.27B
Южная Корея
iShares MSCI South Korea Index
AMEX: EVE12M1.85B
Hong Kong
iShares MSCI Hong Kong Index
AMEX: EWH6.7M1.46B
Singapore
iShares MSCI Singapore Index
AMEX: EWS3.0M1.20B
Australia
iShares MSCI Australia Index
AMEX: EWA2.6M852.91M
Malaysia
iShares MSCI Malaysia Index
AMEX: EWM1.8M381.36M
India
iPath MSCI India Index
NYSE: INP780KN/A

America

Америка ETF

The name of the FundMarkingDay. turnoverAssets, $
Популярные ETF США
SPDR S&P 500AMEX: SPY364M91.90B
PowerShares QQQNasdaqGM: QQQQ229M18.09B
iShares Russell 2000 IndexAMEX: etc.124M16.21B
DIAMONDS Trust, Series 1AMEX: DIA31M9.24B
ETF, коррелирующие с базовыми активами
Gold
SPDR Gold Shares
NYSE: GLD19M21.47B
Silver
iShares Silver Trust
AMEX: SLV8.0M2.87B
Oil
United States Oil
AMEX: USO13M1.62B
Natural gas
United States Natural Gas
AMEX: UNG7.8M1.12B
Наиболее ликвидные отраслевые ETF США
Financial Select Sector SPDRAMEX: XLF237M11.7B
Energy Select Sector SPDRAMEX: XLE46.5M8.00B
Materials Select Sector SPDRAMEX: XLB14.1M1.39B
Semiconductor HOLDRSAMEX: SMH13.5M1.05B
Industrial Select Sector SPDRAMEX: XLI12.4M1.60B
Technology Select Sector SPDRAMEX: XLK11.4M2.34B
Oil Service HOLDRSAMEX: OIH11.3M2.77B
Retail HOLDRsAMEX: RTH8.7M427M
Consumer Discretionary SPDRAMEX: XLY8.2M1.05B
Utilities Select Sector SPDRAMEX: XLU7.0M2.22B
Health Care Select Sector SPDRAMEX: XLV6.0M2.39B
Consumer Staples Sector SPDRAMEX: XLP5.3M2.91B
Regional Bank HOLDRsAMEX: RKH3.0M453M
Pharmaceutical HOLDRSAMEX: PPH1.0M1.65B
Biotech HOLDRsAMEX: BBH208K1.47B
Internet HOLDRsAMEX: HHH84K292M
Telecom HOLDRSAMEX: TTH60K158M
Software HOLDRSAMEX: SWH53K143M

Information on funds provided by the Investment company “DUNTONSE“

 

The types of ETF

In order, that would effectively choose one or the other ETF to trade, a novice investor or speculator it is necessary to clearly structure the array ETFов, listed on the stock market.
The stock market includes the following types ETFов: ETF shares, Commodity ETF, ETF bonds, ETF currency, Index ETF, Inverse ETF, ETFs with the coefficient of variation.

ETF shares – securities, which displays the dynamics of a specific set of shares. Basically, data ETFы displays a set of shares pursuant to any sector or country. It can be, for example, the energy sector, the industrial sector. Or ETF may include stocks, issuers of which are in China.

Commodity ETF – ETF, which displays the price of physical goods. Such goods may be agricultural products, natural resources and valuable metals. Commodity ETFs are primarily focused on a specific product. In the basis of this ETF can be a physical product, which is in a specific storage location. Also in the commodity-based ETF may be a futures contract on the relevant commodity. Less common ETFы showing their value and commodity indices, which in turn can be calculated based on a variety of goods in the form of a combination of physical goods, and a variety of derivatives.

ETF bonds. The underlying asset for ETFов of this type are bonds. Which in turn allows you to trade debt instruments through the stock market.

ETF currency – ETF, which displays the value of the relevant currency. The trading Fund provides the opportunity of trading currency pairs, without access to the market Forex.

Index ETF – ETF, which displays the dynamics of a particular index, so close, as possible. Of course, an index ETF may trade at a discount or a premium relative to the index. But these time periods are very small, because very quickly the difference disappears arbitrage by institutional investors.

Inverse ETF – ETF is constructed by using various derivatives. The purpose of this design is the formation of a feedback between the price of the ETF and its corresponding index or bundle of shares. That means, if a particular index will have a downward trend, then the inverse ETF will rise. Conversely, if a particular index will have a growing dynamics, then the inverse ETF will fall. ETFs of this type are very commonly used by institutional investors, which are restricted to trade short positions. So, to hedge their risks in the falling market or sector, institutional investors can buy this type ETFов.

ETFs with the coefficient of variation. ETFы data are based on a variety of assets. While the main feature of these funds is the availability of a certain rate of change of this ETF relative to the underlying asset. This ratio, as a rule, matters 2 or 3. Therefore, this type ETFов can call a double or triple. That is, if we consider the double ETF, it grows in two times more, what grows of its underlying asset. And thus a fall this ETFа will be twice the drop of its underlying asset. These ETFы allow more aggressive speculation, the risks of trading these instruments also increased.

While taken separately, ETF can combine the characteristics of several types, the above. It can be, for example, index inverse ETFs with the coefficient 3. This characteristics corresponds to the Direxion Daily S&P 500 Bear 3X ETF (SPXS).

The table below presents examples of the types of ETF.

View ETF

Name

Ticker

ETF shares

Industrial Select Sector SPDR ETF

XLI

WBI Tactical High Income Shares ETF

WBIH

iShares MSCI Australia

EWA

Commodity ETF

United States Natural Gas

UNG

iShares Gold Trust

IAU

United States Brent Oil

BNO

ETF bonds

iShares 20+ Year Treasury Bond

TLT

iShares 7-10 Year Treasury Bond

IEF

iShares National Muni Bond

MUB

ETF currency

iShares Currency Hedged MSCI Japan

HEWJ

iShares Currency Hedged MSCI Canada

HEWC

Index ETF

SPDR S&P 500 ETF

SPY

PowerShares QQQ ETF

QQQ

iShares Russell 2000 Value

IWN

Inverse ETF

Direxion Daily Jr Gld Mnrs Bear 3X ETF

JDST

Direxion Daily S&P Biotech Bear 3X ETF

LABD

Direxion Daily Energy Bear 3X ETF

ERY

ETFs with the coefficient of variation

Direxion Daily FTSE China Bull 3X ETF

YINN

Direxion Daily Energy Bull 3X ETF

ERX

Direxion Daily S&P 500 Bear 3X ETF

SPXS

Learning stock trading on the NYSE, Nasdaq, Amex
  • Intro

    Thank you, very useful!

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