‘Fracking’ Fund Among 11 New ETFs

by Kyle Woodley | February 21, 2012 4:45 pm

‘Fracking’ Fund Among 11 New ETFs

The ever-growing family of exchange-traded funds grew by another 11 last week, with bonds, developed countries and energies among the prominent ETF investing flavors.

Van Eck, which offers more than 40 ETFs under the Market Vectors brand — most notably the Gold Miners ETF (NYSE:GDX[1]) — added the Market Vectors Unconventional Oil & Gas ETF (NYSE:FRAK[2]), which targets companies involved in newer methods such as hydraulic fracturing (or “fracking”).

The cap-weighted, passive index fund’s top 10 holdings include familiar names like Occidental Petroleum (NYSE:OXY[3], 8.19% weighting), Hess Corp. (NYSE:HES[4], 5.18%) and Chesapeake Energy (NYSE:CHK[5], 3.98%) and sports a reasonable 0.54% expense ratio. InvestorPlace’s Aaron Levitt discusses the FRAK ETF in further detail here.[6]

The remaining 10 funds launched last week were split between First Trust Advisors and BlackRock (NYSE:BLK[7]).

BlackRock, which operates the iShares family, unleashed the MSCI Emerging Markets Consumer Discretionary Index Fund (NYSE:EDMI[8]) — an index-tethered ETF with a 0.69% expense ratio and top holdings including Hyundai, Kia, Tata Motors and LG Electronics — as well as four bond funds:

First Trust launched five enhanced index ETFs, all with 0.8% expense ratios, including a pair of small-cap funds:

Including last week’s additions to the ETF investing world, 57 new funds have been brought to market in 2012, including 35 in February, according to XTF.com[18]. Among last month’s new ETFs were a batch of iShares funds listed on the new BATS exchange[19].

Kyle Woodley[20] is the assistant editor of InvestorPlace.com[21]. As of this writing, he did not hold a position in any of the aforementioned securities. Follow him on Twitter at @KyleWoodley[22]. Check out recaps from previous trading days here[23].

Endnotes:
  1. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  2. FRAK: http://studio-5.financialcontent.com/investplace/quote?Symbol=FRAK
  3. OXY: http://studio-5.financialcontent.com/investplace/quote?Symbol=OXY
  4. HES: http://studio-5.financialcontent.com/investplace/quote?Symbol=HES
  5. CHK: http://studio-5.financialcontent.com/investplace/quote?Symbol=CHK
  6. discusses the FRAK ETF in further detail here.: http://investorplace.com/2012/02/for-oil-gas-players-a-new-fracking-etf/
  7. BLK: http://studio-5.financialcontent.com/investplace/quote?Symbol=BLK
  8. EDMI: http://studio-5.financialcontent.com/investplace/quote?Symbol=EDMI
  9. GNMA: http://studio-5.financialcontent.com/investplace/quote?Symbol=GNMA
  10. MONY: http://studio-5.financialcontent.com/investplace/quote?Symbol=MONY
  11. CMBS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMBS
  12. QLTA: http://studio-5.financialcontent.com/investplace/quote?Symbol=QLTA
  13. FEMS: http://studio-5.financialcontent.com/investplace/quote?Symbol=FEMS
  14. FAUS: http://studio-5.financialcontent.com/investplace/quote?Symbol=FAUS
  15. FCAN: http://studio-5.financialcontent.com/investplace/quote?Symbol=FCAN
  16. FSZ: http://studio-5.financialcontent.com/investplace/quote?Symbol=FSZ
  17. FDTS: http://studio-5.financialcontent.com/investplace/quote?Symbol=FDTS
  18. according to XTF.com: http://www.xtf.com
  19. batch of iShares funds listed on the new BATS exchange: http://investorplace.com/2012/02/bats-bzx-exchange-nyse-nasdaq/
  20. Kyle Woodley: http://investorplace.com/author/kyle-woodley/
  21. InvestorPlace.com: http://investorplace.com/
  22. @KyleWoodley: https://twitter.com/#%21/kylewoodley
  23. here: http://investorplace.com/hot-topics/investorplace-market-recap/

Source URL: http://investorplace.com/2012/02/fracking-fund-frak-etf-investing-ishares-van-eck-first-trust/
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