ETF Times: October 11-15

Chinese equities were the big winners for the week, while the Chinese healthcare sector bucked the market trend

Morningstar ETF Analysts 19 October, 2010 | 6:47PM
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Easy ETF Shuts Down a Pair of ETFs
EasyETF is closing down two ETFs in December. BNP Paribas (BNP), the provider’s parent company, will delist the EasyETF South Africa FTSE/JSE Top 40 (EEA) and EasyETF EuroMTS EONIA (EON) from the Borsa Italiana, Deutsche Borse and Euronext Paris on December 10. Investors in the funds have until then to sell their interest, or they can choose to wait until December 15 to receive the funds' net asset value on that date. Currently, the South African ETF has about EUR 5.5 million in assets, while the money market ETF has nearly EUR 17 million in AUM.

New Listings
Xact Fonder launched a new commodity ETF on the Stockholm Stock Exchange. The Xact Ravaror fund tracks the performance of the SHB Commodity Index Excess Return index, which tracks the performance of 15 commodities spanning from widely traded ones like oil and gold, to more niche ones like electricity, pulp and paper--which reflect the fund's Nordic focus. The other commodities included are gasoline, diesel, copper, aluminium, zinc, nickel, silver, soybeans, wheat, cattle and pork. The management fee on the fund will be up to 0.90% annually.

HSBC (HSBA) launched its first ETF on the Deutsche Borse. The HSBC FTSE 100 ETF levies a total expense ratio (TER) of 0.35%. HSBC has plans to launch additional ETFs on the Deutsche Borse, tracking MSCI indices for Brazil, Japan, the U.S., Europe, and emerging markets, as well as an S&P 500 and EURO STOXX 50 ETF.

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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.