2.2 (pts.) Get general information on the following exchange traded funds (ETFs)
ID: 2818834 • Letter: 2
Question
2.2 (pts.) Get general information on the following exchange traded funds (ETFs) Minimum requirement: refer to the example (SPY) I provided correspond to the price and yield performance of the S&P 500 Index. It is the oldest an (fund inception date Jan. 22d, 1993), inexpensive (annual expense ratio of exposure to the U.S. stock market. All these make it a solid foundation for any ETF in the world 0.09%) and broad the U stock portfolio. 2) OEF: 3) PFF: 4) IAU: 5) GDX: 6) SLV: 7) UUP: 8) AGG: 9) XLE: 10) VWO:Explanation / Answer
Solution : Exchange Traded Fund
1. answer given in question
2.OEF(ishares S&P500) : It tracks the performance of S& P 100 Index.Being a subset of S&P500 index it is comprised of major 100 large cap companies within United States. It was introduced in 2000 and have an average expense ratio of 0.42% and low expense ratio of 0.2%.
3. PFF(US Preferred Stocks ETF): It is a dividend paying ETF suitable for investors seeking high returns. It was introduced in March 2007 and has now become the largest fund in this category. It has an expense ratio of 0.47% and has $18.7billion assest under management . It tracks the performance of S&P US preferred stock Index.Financial companies favour this as most of the portfolio is invested in B rated securities.
4. IAU(ishares Gold Trust) : It is a Gold ETF that buys physical gold and incurs expense on transportation,warehousing and for insuring gold. It is very stabel fund as it is used by investors not for sale buy to purchase and hold the gold. It has low expense ratio of 0.25% .
5. GDX ( Market Vectors Gold Miners ETF): It is the largest Gold Miners ETF. It was started in 2006 by Van Eck Global. It tracks the performance of NYSE ARCA Gold Miners Index. It has low expense ratio of 0.53%. Its holdings includes major gold miners listed in US and Canada.
6.SLV (ishares Silver Trust ETF) : It is one of the earliest commodity ETF owing physical commodity(Silver). It Tracks the performance of holdings in London silver Fix price. It has total assest of $5billion under management and an average return of 2.29% since it was introduced in 2006.
7.UUP(Power shares DB US dollar Bullish Fund ETF): It is a currency ETF which gain profit from increase in the overall value of US Dollar. It tracks the performance of Deutsche bank long US dollar Index Futures Index. Value of Shares of this ETF increase when overall value of US Dollar declines. It has an expense ratio of 0.8%.
8.AGG (ishare core US aggregate bond ETF): It is a bond ETF suitable for fixed income investors. It is a product of BlackRock inc .It was started in september 2003. It tracks the performance of Barclays US aggregate Bond index.It has almost $34billion assest under management and an expense ratio of 0.08%.
9.XLE (Energy select sector SPDR ETF): It tracks the performance of Standard and Poor s energy Select sector index. It has an average return of 9.36% since it started on December 1998. It has 81.76%fund allocated in oil,gas and consumable fuel companies,18.10% in energy equipment & companies.It has lowest gross expense ratio of 0.15%.
10.VWO(Vanguard Emerging market ETF) : It was started in 2005 to track performance of FSTE emerging market index. It has an average annual return of 8.16%.It has an expense ratio of 0.15%. It is an open ended investment company managed by Vanguard.
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