More ETF’s Bite The Dust, Including Wal-Mart ETF (SAW, PUF, MYP, WSI, WMT)

247wallst — Tue, 07 Oct 2008 07:56:08 +0000

Another ETF group with esoteric index funds is closing down and liquidating several ETF programs. FocusShares, LLC has announced that its board and its advisors plan to discontinue and liquidate several exchange-traded funds.

The following ETF’s are being liquidated:

FocusShares ISE Homebuilders Index Fund (NYSE: SAW);
FocusShares ISE SINdex Fund (NYSE: PUF);
FocusShares ISE-CCM Homeland Security Index Fund (NYSE: MYP);
FocusShares ISE-Revere Wal-Mart Supplier Index Fund (NYSE: WSI).

The last trading day is listed as October 17 on the NYSE Arca inthe ETF’s. NYSE Arca will halt trading in the shares of the fundsbefore the open on October 20, 2008 and shares will be permanently goneafter that.

This was not a surprise. We listed that Wal-Mart(NYSE: WMT) Supplier Index ETF as an example of ETF’s gone wild. There are manytrading days where that ETF does not even trade.
http://www.247wallst.com/2007/11/etfs-gone-wild.html

ETF’s are great tools and great investment vehicles when they areproperly matched to liquid index levels or to liquid baskets. But as they become esoteric, ETFs become the less liquid (and perhaps the lesssuccessful).

Jon C. Ogg
October 7, 2008

Posted in ETF Tagged: FocusShares, MYP, PUF, SAW, WMT, WSI

ETF’s Gone Wild: A Wal-Mart ETF.. Really (WSI, WMT)

247wallst — Fri, 30 Nov 2007 17:35:06 +0000

There is a ton of value that ETF’s bring to the table. They trade like stocks, they have lower fees, they are usually more transparent, and more when you compare these to traditional mutual funds. But sometimes ETF’s go to far and become too specific. Enter today’s new ETF launch: FocusShares ISE-REVERE Wal-Mart Supplier Index Fund (NYSE Arca: WSI).

This ETF is meant to track the performance of the ISE-Revere Wal-Mart Supplier Index which is made up of stocks of companies that derive a substantial portion of revenue from Wal-Mart Stores, Inc. (NYSE:WMT). On this premiere trading day, we saw a whopping 2,000 shares trade.

If they are going to create ETF’s that are this focused, 24/7 Wall St. would like to suggest to Revere and FocusShares some new ETF ideas:

A porn ETF, after all it’s one of the biggest online segments out there;
An Apple-supplier ETF, after all its suppliers do actually move on new inclusions or exclusions;
An "SEC Stock Options Investigation" ETF for all the companies that will benefit after they get the SEC out of their offices;
A prison-related ETF that tracks prison REITs, security systems, and law enforcement stocks;
An illegal alien ETF that tracks the largest "hiring alien" companies, the companies that win off border patrol and "the fence" and we could even include the restaurants, clothing and retail chains most frequented by illegal aliens.

You get the idea. We love most ETF’s. Just not the notion of this one.

Jon C. Ogg
November 30, 2007

24/7 Wall St. » WSI

More ETF’s Bite The Dust, Including Wal-Mart ETF (SAW, PUF, MYP, WSI, WMT)

ETF’s Gone Wild: A Wal-Mart ETF.. Really (WSI, WMT)