ETF Times: August 9 - 13

Exchange-traded funds that track US stock market volatility benefitted from weakening expectations for an ongoing global economic recovery

Morningstar ETF Analysts 17 August, 2010 | 3:57PM
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Commerzbank is planning to enter the UK ETF market in the next month. Currently, the bank's ComStage line of swap-based ETFs is listed in Germany. The first products planned for the London Stock Exchange include a range of products tracking FTSE indices such as the FTSE 100, short FTSE 100, leveraged FTSE 100, FTSE All-Share and FTSE 250. Commerzbank has a policy of overcollateralising its ETFs, providing strong investor protection against counterparty risk.

Best and Worst Performers for the week of August 9 - 13
Many familiar faces are on the list of best- and worst-performing ETFs for the week. Products that track US stock market volatility benefitted from weakening expectations for an ongoing global economic recovery. Agricultural commodities such as sugar and coffee increased in price as the weather continued to wreak havoc on supplies. Some of the main issues included flooding in Pakistan, as well as the ongoing wildfires in Russia.

The worst-performers look similar to the list back in March or April. The worst-performing equity markets included Greece and Spain--the already poor performing economies will have less fiscal room to respond to weakening global growth, which would hurt their export sectors. European banks are also once again giving investors the jitters as their balance sheets are heavily exposed to the sovereign debt of countries like Greece. Finally, oil prices were hit as demand appears to be decreasing and supply in the form of inventories is increasing.

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Morningstar ETF Analysts  research hundreds of ETFs available to European investors. The Morningstar Rating for ETFs is based on a risk-adjusted performance measure.