Nobody Had a Better Week than Tin ETPs

ETF TIMES: ETPs tracking commodities, and tin in particular, had a strong week while the turmoil in Egypt weighed on Turkish equities

Morningstar ETF Analysts 1 February, 2011 | 7:06PM
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Popular ETF-domicile Luxembourg abandoned its subscription tax for funds registered in the country. In response, Lyxor has cut the total expense ratio (TER) on its Luxembourg-domiciled products to reflect the changes.

New Listings
db x-trackers launched a hedge-fund ETF on the London Stock Exchange. The new fund (ticker symbol: XHFE) tracks the performance of 17 hedge funds from 13 different managers. Unlike other hedge fund ETFs which attempt to mimic the statistical performance of the hedge fund universe, this ETF tracks the performance of actual hedge funds, including long-short and equity market neutral strategies. The fund has a TER of 0.90%, while the fees levied by the underlying funds are computed into the index’s calculation.

db x-trackers also launched a S&P 500 ETF on the Deutsche Börse Xetra. Like many existing ETFs, the new fund tracks the performance of the S&P 500 Total Return index, but is hedged against exchange rate fluctuations between the U.S. dollar and the euro. The fund is swap-based and charges a TER of 0.30%.

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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.