The New Face of Oil ETFs (Seeking Alpha)
yahoo.com     Jul 9, 2008            

Wednesday July 9, 7:29 am ET By ETF Planet Jason Neault submits:by Jason Neault MacroMarkets new paired oil ETFs launched last week, replacing the previous oil ETFs (UCR and DCR) that were liquidated in June after reaching their termination triggers. Unlike the popular United States Oil (AMEX: USO - News ), these paired ETFs hold cash instruments and transfer funds between each other, instead of holding oil futures contracts. The paired ETFs will track the price of crude on the NYMEX, and will transfer funds dollar-for-dollar with the price of crude. The securities will use a “reference price” of $100 crude, and the funds NAV at inception is one quarter of the reference price. The funds have a 95 basis point expense, for essentially holding cash. This structure is unique because the Oil Up (AMEX: UOY - News) and Oil Down... [read full story]                    


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Ukraine, Russia And European Stability

usc.edu     1 hr ago   9 related          

UKRAINE, RUSSIA AND EUROPEAN STABILITY David Miliband guardian.co.uk Friday August 29 2008 It is not an act of hostility towards Russia for Europe to support Ukraine, but a positive move towards lasting peace Since the...                    

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Mesirow Financial Increases Revenue and Assets Under Management in Fiscal Year 2008 (PR Newswire)

yahoo.com     1 hr ago          

Saturday August 30, 10:00 am ET CHICAGO, Aug. 30 /PRNewswire/ -- Mesirow Financial today reported that revenues for its fiscal year ended March 31, 2008 reached a record $492 million, a 9% increase from the previous year....                    

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Merrill Sold $30 Billion of CDOs. Can People Start Buying Now?

wsj.com     1 hr ago   2 related          

Recently, Deal Journal talked to a hedge fund manager who buys distressed debt. He told us he tried to negotiate one bank down to just 10 cents on the dollar for CDOs it was trying to sell in the wake of Merrill Lynch’s...                    

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ALT ENERGY FANS

nypost.com     6 hrs ago   4 related          

Investors looking to catch some air from gale-force interest in wind energy now have a chance with a new exchange-traded fund that tracks companies throughout the world that are active in the sector. The First Trust ISE...                    

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